10,043 Shares in Invesco Ltd. $IVZ Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in shares of Invesco Ltd. (NYSE:IVZ) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 10,043 shares of the asset manager’s stock, valued at approximately $158,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Invesco by 19.6% in the first quarter. GAMMA Investing LLC now owns 22,616 shares of the asset manager’s stock worth $343,000 after acquiring an additional 3,714 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Invesco by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 52,501 shares of the asset manager’s stock worth $796,000 after acquiring an additional 1,260 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Invesco by 15.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,861 shares of the asset manager’s stock worth $864,000 after acquiring an additional 7,796 shares during the last quarter. Gold Investment Management Ltd. raised its holdings in shares of Invesco by 16.1% in the first quarter. Gold Investment Management Ltd. now owns 63,700 shares of the asset manager’s stock worth $966,000 after acquiring an additional 8,833 shares during the last quarter. Finally, Elevated Capital Advisors LLC raised its holdings in shares of Invesco by 3.8% in the first quarter. Elevated Capital Advisors LLC now owns 41,084 shares of the asset manager’s stock worth $623,000 after acquiring an additional 1,517 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Invesco

In other Invesco news, Director Stephanie Butcher sold 103,192 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the completion of the sale, the director owned 29,855 shares of the company’s stock, valued at approximately $660,392.60. The trade was a 77.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.21% of the company’s stock.

Invesco Stock Down 0.4%

Shares of IVZ opened at $22.69 on Friday. The firm has a market cap of $10.12 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.66. The company’s fifty day moving average is $22.45 and its two-hundred day moving average is $18.28. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $24.54. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Invesco had a net margin of 10.68% and a return on equity of 8.60%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business earned $0.43 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on IVZ shares. The Goldman Sachs Group boosted their price target on Invesco from $16.25 to $16.75 and gave the stock a “neutral” rating in a report on Friday, June 27th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $16.00 price target (up from $14.00) on shares of Invesco in a report on Thursday, July 10th. Cowen reissued a “buy” rating on shares of Invesco in a report on Thursday, September 18th. Citigroup boosted their price target on Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Finally, Bank of America lifted their price objective on Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.85.

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.