Invesco Ltd. $IVZ Shares Newly Purchased by MBL Wealth LLC

MBL Wealth LLC purchased a new position in shares of Invesco Ltd. (NYSE:IVZ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,516 shares of the asset manager’s stock, valued at approximately $589,000.

Other hedge funds have also bought and sold shares of the company. Root Financial Partners LLC bought a new stake in shares of Invesco in the 3rd quarter valued at approximately $165,000. Nisa Investment Advisors LLC raised its position in shares of Invesco by 3.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 60,950 shares of the asset manager’s stock valued at $1,838,000 after acquiring an additional 2,175 shares in the last quarter. Gold Investment Management Ltd. raised its position in shares of Invesco by 1.8% during the 3rd quarter. Gold Investment Management Ltd. now owns 69,634 shares of the asset manager’s stock valued at $2,100,000 after acquiring an additional 1,208 shares in the last quarter. Independent Wealth Network Inc. bought a new position in Invesco during the third quarter worth $231,000. Finally, USA Financial Formulas bought a new position in Invesco during the third quarter worth $450,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Invesco news, Director Andrew Tak Shing Lo sold 100,840 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $32.20, for a total transaction of $3,247,048.00. Following the completion of the transaction, the director directly owned 812,477 shares of the company’s stock, valued at $26,161,759.40. The trade was a 11.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Phoebe Wood sold 3,000 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $32.44, for a total transaction of $97,320.00. Following the completion of the transaction, the director owned 107,111 shares of the company’s stock, valued at approximately $3,474,680.84. This trade represents a 2.72% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 222,540 shares of company stock valued at $7,227,167. 1.40% of the stock is owned by company insiders.

Invesco Stock Performance

IVZ traded down $0.72 during trading on Friday, reaching $28.07. 8,257,089 shares of the company were exchanged, compared to its average volume of 4,645,317. Invesco Ltd. has a 52 week low of $20.67 and a 52 week 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. The firm has a 50 day moving average of $30.92 and a 200 day moving average of $28.86. The stock has a market cap of $12.44 billion, a P/E ratio of -41.28, a PEG ratio of 0.46 and a beta of 1.65.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business posted $0.36 earnings per share. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, sell-side analysts forecast that Invesco Ltd. will post 2.82 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Friday, August 14th were issued a $0.2150 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, August 14th. Invesco’s dividend payout ratio (DPR) is -126.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on IVZ shares. TD Cowen decreased their price objective on shares of Invesco from $39.00 to $38.00 and set a “buy” rating for the company in a report on Monday, October 12th. Royal Bank Of Canada increased their target price on shares of Invesco from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, October 9th. Weiss Ratings restated a “hold (c)” rating on shares of Invesco in a research report on Friday, September 25th. Keefe, Bruyette & Woods started coverage on shares of Invesco in a report on Wednesday, September 9th. They issued an “outperform” rating and a $39.00 price target for the company. Finally, Wall Street Zen downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research report on Sunday, October 18th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Invesco currently has a consensus rating of “Moderate Buy” and an average price target of $33.19.

About Invesco

Invesco Ltd. (NYSE: IVZ) is a global investment management company that provides investment products and services to individual investors, financial professionals, institutions and governments. The company manages assets across a range of strategies, including equities, fixed income, multi-asset portfolios, alternatives, money market funds and cash management.

Invesco offers mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment solutions.