13,670 Shares in Invesco Ltd. $IVZ Bought by HB Wealth Management LLC

HB Wealth Management LLC bought a new stake in Invesco Ltd. (NYSE:IVZ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,670 shares of the asset manager’s stock, valued at approximately $216,000.

Several other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC raised its position in Invesco by 27.3% in the second quarter. V Square Quantitative Management LLC now owns 16,443 shares of the asset manager’s stock valued at $259,000 after purchasing an additional 3,522 shares during the last quarter. Kendall Capital Management bought a new position in Invesco in the second quarter valued at about $309,000. CX Institutional raised its position in Invesco by 50.5% in the second quarter. CX Institutional now owns 16,829 shares of the asset manager’s stock valued at $265,000 after purchasing an additional 5,645 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Invesco by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 121,282 shares of the asset manager’s stock valued at $1,913,000 after purchasing an additional 973 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Invesco by 30.8% in the second quarter. GAMMA Investing LLC now owns 29,589 shares of the asset manager’s stock valued at $467,000 after purchasing an additional 6,973 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Invesco

In other news, Director Stephanie Butcher sold 103,192 shares of the firm’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 transaction, the director owned 29,855 shares in the company, valued at $660,392.60. This trade represents a 77.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.21% of the stock is owned by corporate insiders.

Invesco Trading Down 0.2%

Shares of Invesco stock opened at $24.08 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.30. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $24.54. The stock has a 50 day moving average price of $21.94 and a two-hundred day moving average price of $17.62. The stock has a market capitalization of $10.74 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 1.20 and a beta of 1.66.

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

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Thursday, August 14th. Invesco’s dividend payout ratio (DPR) is currently 90.32%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on IVZ shares. Barclays increased their price target on Invesco from $17.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 23rd. Cowen reissued a “buy” rating on shares of Invesco in a research note on Thursday, September 18th. Bank of America increased their price target on Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Wells Fargo & Company raised Invesco from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $14.50 to $18.00 in a research note on Friday, July 11th. Finally, Morgan Stanley reissued a “positive” rating on shares of Invesco in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.58.

About Invesco

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.