Invesco Ltd. (NYSE:IVZ) insider Annette Lege sold 5,000 shares of Invesco stock in a transaction on Friday, March 9th. The stock was sold at an average price of $34.31, for a total transaction of $171,550.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Invesco Ltd. (NYSE IVZ) remained flat at $$34.52 on Monday. 4,190,000 shares of the company’s stock were exchanged, compared to its average volume of 4,030,000. Invesco Ltd. has a 1 year low of $29.36 and a 1 year high of $38.43. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market cap of $14,050.00, a PE ratio of 14.21, a PEG ratio of 0.92 and a beta of 1.75.
Invesco (NYSE:IVZ) last released its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Invesco had a net margin of 21.85% and a return on equity of 13.20%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $982.86 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. analysts predict that Invesco Ltd. will post 3.09 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capital International Investors grew its position in shares of Invesco by 9.2% in the third quarter. Capital International Investors now owns 13,917,400 shares of the asset manager’s stock valued at $487,666,000 after purchasing an additional 1,169,200 shares during the period. JPMorgan Chase & Co. grew its position in shares of Invesco by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 11,517,149 shares of the asset manager’s stock valued at $394,807,000 after purchasing an additional 538,969 shares during the period. American Century Companies Inc. grew its position in shares of Invesco by 1.8% in the fourth quarter. American Century Companies Inc. now owns 9,652,437 shares of the asset manager’s stock valued at $352,700,000 after purchasing an additional 173,766 shares during the period. Bank of New York Mellon Corp grew its position in shares of Invesco by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 9,374,021 shares of the asset manager’s stock valued at $328,466,000 after purchasing an additional 88,330 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its position in shares of Invesco by 45.2% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 7,403,295 shares of the asset manager’s stock valued at $270,516,000 after purchasing an additional 2,306,093 shares during the period. Institutional investors and hedge funds own 82.31% of the company’s stock.
Several brokerages recently issued reports on IVZ. ValuEngine cut shares of Invesco from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Morgan Stanley reissued an “equal weight” rating and set a $40.00 target price (up previously from $39.00) on shares of Invesco in a report on Wednesday, February 7th. Credit Suisse Group raised shares of Invesco from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $42.00 to $43.00 in a report on Wednesday, January 31st. Zacks Investment Research cut shares of Invesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Deutsche Bank raised shares of Invesco from a “hold” rating to a “buy” rating and reduced their target price for the stock from $39.00 to $38.00 in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $40.57.
Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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