Invesco Ltd. (NYSE:IVZ – Get Rating) major shareholder Mm Asset Management Holding Ll purchased 827,590 shares of the company’s stock in a transaction that occurred on Monday, June 13th. The shares were purchased at an average price of $16.08 per share, for a total transaction of $13,307,647.20. Following the completion of the transaction, the insider now directly owns 80,504,729 shares of the company’s stock, valued at $1,294,516,042.32. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
NYSE:IVZ traded up $0.18 during trading hours on Wednesday, reaching $16.42. 4,523,677 shares of the company traded hands, compared to its average volume of 4,729,076. Invesco Ltd. has a 1 year low of $15.82 and a 1 year high of $28.89. The business’s 50-day moving average price is $19.23 and its two-hundred day moving average price is $21.31. The company has a current ratio of 4.21, a quick ratio of 4.21 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $7.47 billion, a P/E ratio of 5.87, a P/E/G ratio of 1.17 and a beta of 1.25.
Invesco (NYSE:IVZ – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The asset manager reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.05). Invesco had a return on equity of 13.70% and a net margin of 22.72%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Invesco Ltd. will post 2.47 EPS for the current year.
Several hedge funds have recently bought and sold shares of IVZ. New York State Common Retirement Fund increased its position in Invesco by 2.8% during the fourth quarter. New York State Common Retirement Fund now owns 1,182,402 shares of the asset manager’s stock valued at $27,219,000 after acquiring an additional 31,944 shares during the last quarter. JPMorgan Chase & Co. increased its position in Invesco by 36.7% during the fourth quarter. JPMorgan Chase & Co. now owns 5,099,792 shares of the asset manager’s stock valued at $117,398,000 after acquiring an additional 1,367,996 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in Invesco by 25.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 85,698 shares of the asset manager’s stock valued at $1,973,000 after purchasing an additional 17,499 shares during the period. State Street Corp grew its holdings in Invesco by 1.5% during the fourth quarter. State Street Corp now owns 17,085,466 shares of the asset manager’s stock valued at $393,307,000 after purchasing an additional 255,634 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in Invesco by 1.7% during the fourth quarter. CIBC Asset Management Inc now owns 38,050 shares of the asset manager’s stock valued at $876,000 after purchasing an additional 647 shares during the period. Hedge funds and other institutional investors own 67.53% of the company’s stock.
IVZ has been the topic of several research reports. StockNews.com lowered Invesco from a “hold” rating to a “sell” rating in a research report on Tuesday. Keefe, Bruyette & Woods lowered Invesco from an “outperform” rating to a “market perform” rating and set a $25.00 price target on the stock. in a research report on Tuesday, April 12th. BMO Capital Markets lowered Invesco from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $25.00 to $20.00 in a research report on Monday. Deutsche Bank Aktiengesellschaft lowered their price objective on Invesco from $24.00 to $21.00 in a research note on Thursday, May 19th. Finally, Morgan Stanley lowered their price objective on Invesco from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, April 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Invesco presently has an average rating of “Hold” and a consensus price target of $24.40.
Invesco Company Profile (Get Rating)
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.
- Get a free copy of the StockNews.com research report on Invesco (IVZ)
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