Invesco Ltd. $IVZ Stock Position Decreased by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in Invesco Ltd. (NYSE:IVZ) by 22.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 172,332 shares of the asset manager’s stock after selling 50,937 shares during the quarter. Vontobel Holding Ltd.’s holdings in Invesco were worth $5,198,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC increased its stake in Invesco by 5.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 12,332 shares of the asset manager’s stock worth $372,000 after purchasing an additional 606 shares in the last quarter. Curated Wealth Partners LLC acquired a new stake in Invesco during the 3rd quarter worth approximately $559,000. Mather Group LLC. lifted its stake in Invesco by 8.8% in the third quarter. Mather Group LLC. now owns 17,722 shares of the asset manager’s stock valued at $534,000 after buying an additional 1,438 shares in the last quarter. Fortitude Family Office LLC lifted its stake in Invesco by 120.9% in the third quarter. Fortitude Family Office LLC now owns 1,089 shares of the asset manager’s stock valued at $33,000 after buying an additional 596 shares in the last quarter. Finally, Krilogy Financial LLC lifted its stake in Invesco by 16.2% in the third quarter. Krilogy Financial LLC now owns 32,025 shares of the asset manager’s stock valued at $937,000 after buying an additional 4,453 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Down 2.1%

NYSE:IVZ opened at $28.19 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $12.50 billion, a PE ratio of -41.46, a PEG ratio of 0.45 and a beta of 1.65. Invesco Ltd. has a 52-week low of $20.67 and a 52-week high of $33.66. The stock has a 50-day simple moving average of $31.25 and a 200 day simple moving average of $28.70.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%. Invesco’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS. On average, sell-side analysts expect that Invesco Ltd. will post 2.82 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were paid a dividend of $0.2150 per share. This represents a $0.86 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, August 14th. Invesco’s dividend payout ratio (DPR) is currently -126.47%.

Insider Buying and Selling at Invesco

In other news, Director Phoebe Wood sold 3,000 shares of Invesco stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $32.44, for a total value of $97,320.00. Following the sale, the director directly owned 107,111 shares in the company, valued at $3,474,680.84. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew Tak Shing Lo sold 100,840 shares of Invesco stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $32.20, for a total transaction of $3,247,048.00. Following the completion of the sale, the director owned 812,477 shares in the company, valued at $26,161,759.40. This trade represents a 11.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 222,540 shares of company stock valued at $7,227,167 over the last quarter. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

IVZ has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Invesco from $29.00 to $29.50 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Royal Bank Of Canada raised their price objective on shares of Invesco from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, October 9th. Keefe, Bruyette & Woods began coverage on shares of Invesco in a report on Wednesday, September 9th. They set an “outperform” rating and a $39.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Invesco from $30.00 to $31.00 and gave the company an “equal weight” rating in a research report on Friday, September 25th. Finally, Barclays upped their target price on shares of Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.12.

Invesco Profile

Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm that provides investment products and services to individuals, financial advisers, institutions and other clients. The company manages assets across public and private markets and serves clients through a range of investment strategies.

Its offerings include exchange-traded funds, mutual funds, separately managed accounts, institutional mandates and alternative investments. Invesco provides exposure to equities, fixed income, commodities, multi-asset strategies and other asset classes, with both actively managed and index-based investment solutions.

Headquartered in Atlanta, Georgia, Invesco serves clients across North America, Europe, Asia-Pacific and other international markets through offices and investment teams around the world.