Farther Finance Advisors LLC Has $356,000 Holdings in Invesco Ltd. $IVZ

Farther Finance Advisors LLC cut its stake in shares of Invesco Ltd. (NYSE:IVZ) by 9.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,573 shares of the asset manager’s stock after selling 2,293 shares during the period. Farther Finance Advisors LLC’s holdings in Invesco were worth $356,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Invesco in the fourth quarter valued at about $3,297,000. Wealth Enhancement Advisory Services LLC grew its stake in Invesco by 70.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 140,964 shares of the asset manager’s stock valued at $2,464,000 after acquiring an additional 58,361 shares during the period. Versant Capital Management Inc grew its stake in Invesco by 264.1% in the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 2,234 shares during the period. GAMMA Investing LLC grew its stake in Invesco by 1,715.1% in the first quarter. GAMMA Investing LLC now owns 343,085 shares of the asset manager’s stock valued at $52,050,000 after acquiring an additional 324,183 shares during the period. Finally, Rhumbline Advisers grew its stake in Invesco by 20.3% in the first quarter. Rhumbline Advisers now owns 790,044 shares of the asset manager’s stock valued at $11,985,000 after acquiring an additional 133,370 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Stock Performance

IVZ opened at $22.72 on Monday. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $22.99. The firm has a market capitalization of $10.13 billion, a PE ratio of 24.42, a PEG ratio of 1.28 and a beta of 1.58. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.30. The business’s 50-day simple moving average is $21.62 and its 200 day simple moving average is $17.23.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.05). Invesco had a return on equity of 8.60% and a net margin of 10.68%.The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.43 EPS. The business’s revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.7%. The ex-dividend date was Thursday, August 14th. Invesco’s dividend payout ratio is presently 90.32%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IVZ shares. The Goldman Sachs Group boosted their target price on Invesco from $16.25 to $16.75 and gave the company a “neutral” rating in a research note on Friday, June 27th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $16.00 target price (up from $14.00) on shares of Invesco in a research note on Thursday, July 10th. TD Cowen raised Invesco from a “hold” rating to a “buy” rating and boosted their target price for the company from $17.50 to $25.00 in a research note on Monday, July 21st. Morgan Stanley upped their price objective on Invesco from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 2nd. Finally, Barclays upped their price objective on Invesco from $17.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 23rd. Four investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.38.

Insider Transactions at Invesco

In other Invesco news, Director Stephanie Butcher sold 103,192 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total value of $2,282,607.04. Following the sale, the director owned 29,855 shares in the company, valued at $660,392.60. This represents a 77.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.21% of the stock is owned by corporate insiders.

Invesco Company Profile

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.