Invesco Ltd. (NYSE:IVZ) Stock to Pay Quarterly Dividend of $0.21

Invesco Ltd. (NYSE:IVZ) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 13th will be given a dividend of $0.2150 per share by the asset manager on Wednesday, December 2nd. This represents a $0.86 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, November 13th.

Invesco has a payout ratio of 47.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Invesco to earn $3.27 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 26.3%.

Invesco Stock Performance

NYSE IVZ traded down $0.09 on Tuesday, reaching $28.44. 6,749,419 shares of the company’s stock traded hands, compared to its average volume of 5,290,164. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of -41.82, a P/E/G ratio of 0.45 and a beta of 1.65. The stock has a 50 day moving average price of $30.83 and a 200-day moving average price of $28.00. Invesco has a fifty-two week low of $21.82 and a fifty-two week high of $33.66. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, October 27th. The asset manager reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.02). Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The company’s revenue was up 16.5% compared to the same quarter last year. Equities research analysts predict that Invesco will post 2.82 EPS for the current fiscal year.

Insider Activity at Invesco

In other Invesco news, Director Phoebe Wood sold 3,000 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $32.44, for a total transaction of $97,320.00. Following the transaction, the director directly owned 107,111 shares of the company’s stock, valued at $3,474,680.84. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephanie Butcher sold 45,095 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $32.28, for a total transaction of $1,455,666.60. Following the transaction, the director directly owned 10,205 shares in the company, valued at approximately $329,417.40. The trade was a 81.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 222,540 shares of company stock valued at $7,227,167. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Invesco

Several institutional investors have recently bought and sold shares of IVZ. SYM FINANCIAL Corp purchased a new position in shares of Invesco in the third quarter valued at approximately $260,000. Park Avenue Securities LLC increased its position in shares of Invesco by 2.4% during the third quarter. Park Avenue Securities LLC now owns 17,126 shares of the asset manager’s stock worth $517,000 after purchasing an additional 401 shares in the last quarter. Apollon Wealth Management LLC increased its position in shares of Invesco by 4.7% during the third quarter. Apollon Wealth Management LLC now owns 25,623 shares of the asset manager’s stock worth $773,000 after purchasing an additional 1,149 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Invesco during the third quarter worth approximately $28,000. Finally, Signaturefd LLC raised its stake in Invesco by 12.6% in the 3rd quarter. Signaturefd LLC now owns 17,015 shares of the asset manager’s stock valued at $513,000 after purchasing an additional 1,899 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

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.