Sequoia Financial Advisors LLC grew its holdings in Invesco Ltd. (NYSE:IVZ – Free Report) by 45.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,792 shares of the asset manager’s stock after acquiring an additional 18,451 shares during the period. Sequoia Financial Advisors LLC’s holdings in Invesco were worth $1,552,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in Invesco by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 21,361,119 shares of the asset manager’s stock valued at $518,836,000 after purchasing an additional 596,434 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Invesco by 3.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,423,764 shares of the asset manager’s stock valued at $168,752,000 after buying an additional 204,316 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Invesco by 6.0% during the 4th quarter. Fisher Asset Management LLC now owns 5,508,744 shares of the asset manager’s stock valued at $144,715,000 after buying an additional 310,903 shares during the period. Norges Bank purchased a new position in Invesco in the 4th quarter worth approximately $102,523,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Invesco by 47.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,249,634 shares of the asset manager’s stock valued at $85,368,000 after purchasing an additional 1,040,096 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.
Insider Buying and Selling at Invesco
In other Invesco news, Director Phoebe Wood sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $32.44, for a total value of $97,320.00. Following the transaction, the director owned 107,111 shares of the company’s stock, valued at $3,474,680.84. This trade represents a 2.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephanie Butcher sold 45,095 shares of Invesco stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $32.28, for a total value of $1,455,666.60. Following the completion of the transaction, the director owned 10,205 shares of the company’s stock, valued at approximately $329,417.40. The trade was a 81.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 222,540 shares of company stock worth $7,227,167. Insiders own 1.40% of the company’s stock.
Analyst Ratings Changes
View Our Latest Stock Report on IVZ
Invesco Price Performance
Shares of NYSE IVZ opened at $30.75 on Wednesday. The business has a 50 day simple moving average of $31.16 and a 200-day simple moving average of $27.78. Invesco Ltd. has a twelve month low of $20.67 and a twelve month high of $33.66. The company has a market capitalization of $13.63 billion, a price-to-earnings ratio of -45.21, a price-to-earnings-growth ratio of 0.46 and a beta of 1.63. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00.
Invesco (NYSE:IVZ – Get Free Report) last issued its earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company earned $0.36 earnings per share. The firm’s revenue was up 20.5% compared to the same quarter last year. As a group, equities research analysts expect that Invesco Ltd. will post 2.82 earnings per share for the current year.
Invesco Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Friday, August 14th were paid a dividend of $0.215 per share. The ex-dividend date was Friday, August 14th. This represents a $0.86 annualized dividend and a yield of 2.8%. Invesco’s dividend payout ratio is -126.47%.
Invesco News Summary
Here are the key news stories impacting Invesco this week:
- Positive Sentiment: Assets under management increased: Invesco’s August AUM rose 4.7% to $2.56 trillion, supported by market appreciation, net inflows and favorable foreign-exchange effects. Sustained AUM growth can increase management-fee revenue and signals continued demand for the firm’s investment products. Invesco’s AUM Rises in August: Will the Momentum Continue?
- Positive Sentiment: Product expansion and ETF demand provide growth support: Invesco’s Indian mutual-fund business launched index funds focused on the defense and chemicals sectors. Separately, the company reported that equities led ETF inflows across Europe, the Middle East and Africa in July and August, potentially supporting future fee growth. Invesco MF launches two sectoral index funds Equities dominated EMEA ETF inflows
- Neutral Sentiment: Analyst sentiment remains divided: Keefe, Bruyette & Woods initiated coverage with an outperform rating and a $39 target, while other firms maintain hold ratings. The consensus rating remains Hold, limiting the impact of the bullish calls. Analysts Have Conflicting Sentiments on Invesco
- Neutral Sentiment: Nature-related risk data remains a longer-term issue: Invesco said improved data is needed to help investors price nature-related risks, highlighting an industry challenge rather than a company-specific financial catalyst. Progress on nature bond data needed to help price risk
- Negative Sentiment: Director selling may weigh on sentiment: Director Phoebe Wood sold 3,000 shares for approximately $97,320, reducing her direct ownership by 2.72%. The transaction is relatively small, but insider selling can create short-term caution among investors. Phoebe Wood Sells 3,000 Shares of Invesco Stock
Invesco Profile
Invesco Ltd. (NYSE: IVZ) is a global investment management company that provides investment products and services to individuals, financial advisers, institutions and other clients. The company manages assets across a range of strategies, including active and passive equities, fixed income, multi-asset portfolios, alternatives and private markets.
Its offerings include mutual funds, exchange-traded funds, separately managed accounts, institutional investment mandates and other portfolio solutions.
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