Roderick G.H. Ellis Unloads 25,000 Shares of Invesco Stock (IVZ)
Invesco (NYSE:IVZ) CAO Roderick G.H. Ellis sold 25,000 shares of the company’s stock on the open market in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $40.70, for a total transaction of $1,017,500.00. Following the completion of the sale, the chief accounting officer now directly owns 62,339 shares in the company, valued at approximately $2,537,197. The sale was disclosed in a filing with the SEC, which is available at this link.
Invesco (NYSE:IVZ) traded down 0.17% during mid-day trading on Thursday, hitting $40.65. The stock had a trading volume of 3,111,267 shares. Invesco has a one year low of $30.09 and a one year high of $41.28. The stock has a 50-day moving average of $39.0 and a 200-day moving average of $36.78. The company has a market cap of $17.547 billion and a P/E ratio of 18.49.
Invesco (NYSE:IVZ) last released its earnings data on Thursday, July 31st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The company had revenue of $981.00 million for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. On average, analysts predict that Invesco will post $2.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Tuesday, August 19th.
A number of research firms have recently commented on IVZ. Analysts at Susquehanna raised their price target on shares of Invesco from $38.00 to $40.00 in a research note on Friday, August 15th. They now have a “neutral” rating on the stock. Separately, analysts at Argus raised their price target on shares of Invesco from $42.00 to $45.00 in a research note on Friday, August 8th. They now have a “buy” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Invesco from $45.00 to $46.00 in a research note on Friday, August 1st. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $42.15.
Invesco Ltd. (NYSE:IVZ) is an investment manager, dedicated to helping investors worldwide achieve their financial objectives.
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