Invesco (NYSE:IVZ) Trading Down 0.4%

Invesco Ltd. (NYSE:IVZ) traded down 0.4% on Thursday . The company traded as low as $15.19 and last traded at $15.26, 2,198,710 shares were traded during trading. A decline of 66% from the average session volume of 6,473,599 shares. The stock had previously closed at $15.32.

A number of equities analysts recently weighed in on the stock. UBS Group downgraded shares of Invesco from a “neutral” rating to a “sell” rating and set a $18.00 target price for the company. in a research note on Monday, May 13th. Jefferies Financial Group downgraded shares of Invesco from a “buy” rating to a “hold” rating and decreased their price target for the company from $24.00 to $23.00 in a research note on Friday, June 7th. Barclays set a $21.00 price target on shares of Invesco and gave the company a “hold” rating in a research note on Friday, July 26th. Citigroup set a $20.00 price target on shares of Invesco and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, William Blair reaffirmed a “market perform” rating on shares of Invesco in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.36.

The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $7.54 billion, a P/E ratio of 6.26, a P/E/G ratio of 0.80 and a beta of 1.51. The firm’s 50 day simple moving average is $19.09 and its two-hundred day simple moving average is $19.81.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.08. Invesco had a net margin of 11.45% and a return on equity of 10.23%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts expect that Invesco Ltd. will post 2.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 8.16%. The ex-dividend date of this dividend is Wednesday, August 14th. Invesco’s dividend payout ratio (DPR) is currently 51.03%.

In other Invesco news, Director G Richard Wagoner, Jr. acquired 10,000 shares of Invesco stock in a transaction dated Friday, June 7th. The stock was purchased at an average cost of $20.71 per share, for a total transaction of $207,100.00. Following the completion of the acquisition, the director now directly owns 25,648 shares of the company’s stock, valued at $531,170.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Ltd. Invesco acquired 2,222,222 shares of Invesco stock in a transaction dated Monday, June 10th. The shares were acquired at an average price of $4.50 per share, with a total value of $9,999,999.00. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. FinTrust Capital Advisors LLC grew its holdings in shares of Invesco by 21.7% during the first quarter. FinTrust Capital Advisors LLC now owns 2,909 shares of the asset manager’s stock valued at $56,000 after buying an additional 519 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Invesco by 58.8% during the first quarter. Parallel Advisors LLC now owns 1,436 shares of the asset manager’s stock worth $28,000 after purchasing an additional 532 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in Invesco by 100.0% during the first quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the asset manager’s stock worth $26,000 after purchasing an additional 669 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Invesco by 46.2% during the first quarter. Quadrant Capital Group LLC now owns 2,213 shares of the asset manager’s stock worth $38,000 after purchasing an additional 699 shares during the last quarter. Finally, MML Investors Services LLC boosted its holdings in Invesco by 1.4% during the first quarter. MML Investors Services LLC now owns 56,074 shares of the asset manager’s stock worth $1,083,000 after purchasing an additional 749 shares during the last quarter. Hedge funds and other institutional investors own 65.07% of the company’s stock.

Invesco Company Profile (NYSE:IVZ)

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.

Recommended Story: How do candlesticks reflect price movement?

Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.