Invesco Ltd. (NYSE:IVZ) insider Annette Lege sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $34.31, for a total value of $171,550.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Invesco Ltd. (IVZ) opened at $34.52 on Tuesday. Invesco Ltd. has a 52 week low of $29.36 and a 52 week high of $38.43. The stock has a market capitalization of $14,054.71, a P/E ratio of 12.83, a P/E/G ratio of 0.92 and a beta of 1.75. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.77.
Invesco (NYSE:IVZ) last announced its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. Invesco had a return on equity of 13.20% and a net margin of 21.85%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $982.86 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. Invesco’s revenue was up 16.3% compared to the same quarter last year. analysts expect that Invesco Ltd. will post 3.09 EPS for the current year.
A number of research analysts have recently commented on the company. Zacks Investment Research cut Invesco from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. JPMorgan Chase & Co. set a $45.00 target price on Invesco and gave the company a “buy” rating in a research note on Monday, January 8th. Morgan Stanley reaffirmed an “equal weight” rating and set a $40.00 target price (up previously from $39.00) on shares of Invesco in a research note on Wednesday, February 7th. Deutsche Bank raised Invesco from a “hold” rating to a “buy” rating and cut their target price for the company from $39.00 to $38.00 in a research note on Tuesday, February 13th. Finally, ValuEngine cut Invesco from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $40.57.
Large investors have recently made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Invesco by 90.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 433,921 shares of the asset manager’s stock worth $15,205,000 after purchasing an additional 206,313 shares in the last quarter. First Republic Investment Management Inc. lifted its holdings in Invesco by 17.5% during the fourth quarter. First Republic Investment Management Inc. now owns 43,416 shares of the asset manager’s stock worth $1,586,000 after buying an additional 6,457 shares during the period. Atlantic Trust Group LLC lifted its holdings in Invesco by 19.2% during the third quarter. Atlantic Trust Group LLC now owns 31,818 shares of the asset manager’s stock worth $1,115,000 after buying an additional 5,131 shares during the period. MUFG Americas Holdings Corp lifted its holdings in Invesco by 302.7% during the fourth quarter. MUFG Americas Holdings Corp now owns 29,684 shares of the asset manager’s stock worth $1,085,000 after buying an additional 22,312 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in Invesco during the third quarter worth $1,752,000. 82.31% of the stock is currently owned by institutional investors.
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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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