Insider Selling: Invesco Senior Managing Director Unloads 27,000 Shares of Stock (IVZ)
Invesco (NYSE:IVZ) Senior Managing Director Karen Dunn Kelley unloaded 27,000 shares of the stock on the open market in a transaction dated Monday, June 9th. The shares were sold at an average price of $38.23, for a total transaction of $1,032,210.00. Following the transaction, the insider now directly owns 827,911 shares of the company’s stock, valued at approximately $31,651,038. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Invesco (NYSE:IVZ) traded down 1.30% on Friday, hitting $37.19. The stock had a trading volume of 2,522,749 shares. Invesco has a one year low of $30.09 and a one year high of $38.41. The stock has a 50-day moving average of $36.08 and a 200-day moving average of $35.23. The company has a market cap of $16.091 billion and a price-to-earnings ratio of 18.64.
Invesco (NYSE:IVZ) last announced its earnings results on Thursday, May 1st. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.05. The company had revenue of $887.80 million for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, analysts predict that Invesco will post $2.44 earnings per share for the current fiscal year.
A number of research firms have recently commented on IVZ. Analysts at Zacks reiterated a “neutral” rating on shares of Invesco in a research note on Thursday. They now have a $40.00 price target on the stock. Separately, analysts at Morgan Stanley cut their price target on shares of Invesco from $40.00 to $39.00 in a research note on Monday. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Invesco from a “neutral” rating to an “overweight” rating in a research note on Tuesday, May 20th. They now have a $42.00 price target on the stock, up previously from $41.00. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.85.
Invesco Ltd. (NYSE:IVZ) is an investment manager, dedicated to helping investors worldwide achieve their financial objectives.
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