Invesco Ltd. (NYSE:IVZ) Director Rod Canion bought 10,000 shares of the stock in a transaction that occurred on Friday, February 8th. The stock was purchased at an average price of $17.97 per share, for a total transaction of $179,700.00. Following the completion of the purchase, the director now directly owns 64,451 shares in the company, valued at approximately $1,158,184.47. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Invesco stock opened at $18.19 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.82. Invesco Ltd. has a fifty-two week low of $15.38 and a fifty-two week high of $35.03. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 7.49, a P/E/G ratio of 1.06 and a beta of 1.50.
Invesco (NYSE:IVZ) last released its quarterly earnings data on Wednesday, January 30th. The asset manager reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.10). The business had revenue of $919.20 million for the quarter, compared to the consensus estimate of $913.37 million. Invesco had a return on equity of 10.88% and a net margin of 16.61%. Invesco’s revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 earnings per share. On average, equities research analysts expect that Invesco Ltd. will post 2.22 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend is Wednesday, February 13th. Invesco’s payout ratio is 49.38%.
A number of analysts have weighed in on the stock. Barclays reissued a “buy” rating and issued a $19.00 price target on shares of Invesco in a report on Thursday, January 10th. Credit Suisse Group reissued a “neutral” rating and issued a $27.00 price target (down from $34.00) on shares of Invesco in a report on Friday, October 19th. Deutsche Bank reduced their price target on shares of Invesco from $27.00 to $25.00 and set a “buy” rating for the company in a report on Friday, November 16th. Zacks Investment Research raised shares of Invesco from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, Morgan Stanley reduced their price target on shares of Invesco from $28.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.70.
Large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Invesco by 27.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 28,853 shares of the asset manager’s stock worth $660,000 after acquiring an additional 6,224 shares during the period. Kiltearn Partners LLP lifted its holdings in shares of Invesco by 18.9% during the 3rd quarter. Kiltearn Partners LLP now owns 8,758,297 shares of the asset manager’s stock worth $200,390,000 after acquiring an additional 1,393,287 shares during the period. Financial Counselors Inc. lifted its holdings in shares of Invesco by 15.0% during the 3rd quarter. Financial Counselors Inc. now owns 319,878 shares of the asset manager’s stock worth $7,319,000 after acquiring an additional 41,676 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Invesco by 10.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 11,058,312 shares of the asset manager’s stock worth $253,013,000 after acquiring an additional 1,001,343 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Invesco by 44.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 40,258 shares of the asset manager’s stock worth $921,000 after acquiring an additional 12,379 shares during the period. 79.67% of the stock is owned by institutional investors.
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Invesco Company Profile
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.
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