Vontobel Holding Ltd. Sells 239,279 Shares of Invesco Ltd. $IVZ

Vontobel Holding Ltd. decreased its stake in shares of Invesco Ltd. (NYSE:IVZ) by 56.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 184,742 shares of the asset manager’s stock after selling 239,279 shares during the quarter. Vontobel Holding Ltd.’s holdings in Invesco were worth $4,238,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. KLP Kapitalforvaltning AS boosted its stake in Invesco by 46.1% in the second quarter. KLP Kapitalforvaltning AS now owns 96,300 shares of the asset manager’s stock worth $1,519,000 after purchasing an additional 30,400 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Invesco during the first quarter worth about $418,000. First Trust Advisors LP boosted its position in shares of Invesco by 5,065.4% during the second quarter. First Trust Advisors LP now owns 3,380,933 shares of the asset manager’s stock worth $53,317,000 after buying an additional 3,315,480 shares during the period. Asset Management One Co. Ltd. grew its position in Invesco by 729.1% in the second quarter. Asset Management One Co. Ltd. now owns 108,246 shares of the asset manager’s stock valued at $1,707,000 after purchasing an additional 95,190 shares in the last quarter. Finally, Quilter Plc acquired a new stake in shares of Invesco in the 2nd quarter valued at approximately $509,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trading Up 1.9%

Shares of IVZ stock opened at $27.60 on Friday. The company’s fifty day simple moving average is $24.53 and its two-hundred day simple moving average is $21.64. The stock has a market capitalization of $12.28 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 0.67 and a beta of 1.66. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.23 and a quick ratio of 1.23. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $27.48.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, beating the consensus estimate of $0.44 by $0.17. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Invesco had a net margin of 14.15% and a return on equity of 9.11%. Invesco’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share. As a group, analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were given a dividend of $0.21 per share. The ex-dividend date was Friday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.0%. Invesco’s dividend payout ratio (DPR) is 57.14%.

Insider Transactions at Invesco

In related news, Director Douglas J. Sharp sold 160,000 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $23.56, for a total value of $3,769,600.00. Following the completion of the transaction, the director directly owned 192 shares in the company, valued at approximately $4,523.52. The trade was a 99.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on IVZ. The Goldman Sachs Group lowered their price target on shares of Invesco from $26.50 to $25.50 and set a “neutral” rating on the stock in a report on Tuesday, November 25th. Citigroup upped their target price on Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Wall Street Zen lowered shares of Invesco from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Zacks Research lowered shares of Invesco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, BMO Capital Markets lifted their target price on Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Five investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, Invesco has a consensus rating of “Hold” and a consensus target price of $24.53.

Invesco Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.