Invesco (NYSE:IVZ) CFO Laura Allison Dukes Sells 31,075 Shares

Invesco Ltd. (NYSE:IVZ) CFO Laura Dukes sold 31,075 shares of Invesco stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $33.16, for a total transaction of $1,030,447.00. Following the completion of the sale, the chief financial officer owned 259,183 shares of the company’s stock, valued at $8,594,508.28. This trade represents a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Invesco Trading Down 0.7%

Shares of Invesco stock opened at $32.13 on Thursday. The firm’s 50 day simple moving average is $30.81 and its two-hundred day simple moving average is $27.62. The firm has a market capitalization of $14.24 billion, a price-to-earnings ratio of -47.25, a PEG ratio of 0.47 and a beta of 1.63. Invesco Ltd. has a 12-month low of $20.67 and a 12-month high of $33.66. 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) last posted its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm posted $0.36 earnings per share. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. Analysts predict that Invesco Ltd. will post 2.82 EPS for the current year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, August 14th. Invesco’s payout ratio is presently -126.47%.

Wall Street Analyst Weigh In

IVZ has been the subject of a number of research reports. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Barclays raised their price target on shares of Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods started coverage on shares of Invesco in a research note on Wednesday. They set an “outperform” rating and a $39.00 price objective for the company. Evercore set a $35.00 price objective on shares of Invesco in a report on Monday, August 10th. Finally, Wall Street Zen lowered shares of Invesco from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $31.46.

Institutional Investors Weigh In On Invesco

A number of large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its stake in shares of Invesco by 45.7% in the second quarter. Sequoia Financial Advisors LLC now owns 58,792 shares of the asset manager’s stock worth $1,552,000 after buying an additional 18,451 shares in the last quarter. MCF Advisors LLC grew its stake in Invesco by 15.9% during the 2nd quarter. MCF Advisors LLC now owns 6,782 shares of the asset manager’s stock valued at $179,000 after acquiring an additional 930 shares in the last quarter. Engineers Gate Manager LP raised its holdings in Invesco by 47.0% in the 2nd quarter. Engineers Gate Manager LP now owns 1,354,613 shares of the asset manager’s stock valued at $35,748,000 after acquiring an additional 433,287 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Invesco by 229.7% in the 2nd quarter. NewEdge Advisors LLC now owns 222,541 shares of the asset manager’s stock valued at $5,873,000 after acquiring an additional 155,038 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in Invesco by 52.8% in the 2nd quarter. IFP Advisors Inc now owns 10,879 shares of the asset manager’s stock worth $287,000 after purchasing an additional 3,760 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Company Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.