Invesco Ltd. (IVZ) To Go Ex-Dividend on November 13th

Invesco Ltd. (NYSE:IVZ) announced a quarterly dividend on Monday, October 26th. Shareholders of record on Friday, November 13th will be given a dividend of $0.2150 per share by the asset manager on Wednesday, December 2nd. This represents a $0.86 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, November 13th.

Invesco has a payout ratio of 47.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Invesco to earn $3.30 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 26.1%.

Invesco Stock Down 0.1%

IVZ opened at $28.87 on Wednesday. The company has a fifty day moving average price of $29.90 and a 200-day moving average price of $27.98. The firm has a market capitalization of $12.80 billion, a P/E ratio of -41.84, a price-to-earnings-growth ratio of 0.43 and a beta of 1.69. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.16 and a quick ratio of 1.16. Invesco has a one year low of $21.82 and a one year high of $33.66.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, October 27th. The asset manager reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.02). Invesco had a positive return on equity of 13.49% and a negative net margin of 1.10%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the company posted $0.61 EPS. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities research analysts expect that Invesco will post 2.80 earnings per share for the current fiscal year.

Insider Transactions at Invesco

In other news, Director Phoebe A. Wood sold 3,000 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $32.44, for a total value of $97,320.00. Following the completion of the transaction, the director directly owned 107,111 shares in the company, valued at approximately $3,474,680.84. This represents a 2.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Tak Shing Lo sold 100,840 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $32.20, for a total value of $3,247,048.00. Following the transaction, 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. Over the last ninety days, insiders have sold 222,540 shares of company stock worth $7,227,167. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Invesco

A number of hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System boosted its stake in shares of Invesco by 23.4% in the 1st quarter. California State Teachers Retirement System now owns 417,476 shares of the asset manager’s stock valued at $10,140,000 after purchasing an additional 79,273 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in Invesco in the 3rd quarter worth $1,537,000. NewEdge Advisors LLC raised its position in Invesco by 229.7% in the 2nd quarter. NewEdge Advisors LLC now owns 222,541 shares of the asset manager’s stock worth $5,873,000 after purchasing an additional 155,038 shares during the period. Sonoma Allocations LLC bought a new stake in Invesco in the second quarter worth $11,797,000. Finally, TD Waterhouse Canada Inc. lifted its stake in Invesco by 5,543.4% in the second quarter. TD Waterhouse Canada Inc. now owns 68,455 shares of the asset manager’s stock worth $1,839,000 after purchasing an additional 67,242 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Company Profile

Invesco Ltd. is a global investment management company headquartered in Atlanta, Georgia. It provides investment products and services to individual investors, financial professionals, institutions and other organizations. Its offerings include mutual funds and exchange-traded funds, as well as investment strategies and portfolio management across a range of asset classes and approaches, including active and index investing. Invesco also serves institutional clients with investment solutions tailored to their needs.