Invesco Ltd. (NYSE:IVZ) major shareholder Ltd. Invesco bought 425,531 shares of the company’s stock in a transaction dated Friday, February 8th. The stock was purchased at an average cost of $2.64 per share, for a total transaction of $1,123,401.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Invesco stock opened at $18.27 on Friday. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 1.12 and a beta of 1.50. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.82. Invesco Ltd. has a twelve month low of $15.38 and a twelve month high of $35.03.
Get Invesco alerts:Invesco (NYSE:IVZ) last released its quarterly earnings results on Wednesday, January 30th. The asset manager reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.10). The company had revenue of $919.20 million during the quarter, compared to the consensus estimate of $913.37 million. Invesco had a net margin of 16.61% and a return on equity of 10.88%. The firm’s revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.73 earnings per share. As a group, equities analysts forecast that Invesco Ltd. will post 2.15 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 14th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, February 13th. This represents a $1.20 annualized dividend and a yield of 6.57%. Invesco’s dividend payout ratio is currently 49.38%.
A number of brokerages have recently issued reports on IVZ. Zacks Investment Research raised shares of Invesco from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 15th. Morgan Stanley set a $19.00 target price on shares of Invesco and gave the company a “hold” rating in a report on Friday, February 8th. Barclays cut shares of Invesco from an “overweight” rating to an “equal weight” rating and set a $19.00 target price on the stock. in a report on Thursday, January 31st. Deutsche Bank dropped their target price on shares of Invesco from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, November 16th. Finally, Citigroup dropped their target price on shares of Invesco from $23.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, December 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.70.
Institutional investors have recently added to or reduced their stakes in the business. Rational Advisors LLC boosted its position in shares of Invesco by 411.3% during the 4th quarter. Rational Advisors LLC now owns 2,536 shares of the asset manager’s stock worth $42,000 after acquiring an additional 2,040 shares in the last quarter. Oakworth Capital Inc. boosted its position in shares of Invesco by 30.3% during the 4th quarter. Oakworth Capital Inc. now owns 2,882 shares of the asset manager’s stock worth $48,000 after acquiring an additional 670 shares in the last quarter. Semmax Financial Advisors Inc. acquired a new stake in shares of Invesco during the 4th quarter worth approximately $52,000. Resources Investment Advisors Inc. acquired a new stake in shares of Invesco during the 4th quarter worth approximately $53,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Invesco during the 4th quarter worth approximately $60,000. 79.67% of the stock is currently owned by hedge funds and other institutional investors.
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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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