Invesco Ltd. (NYSE:IVZ) major shareholder Ltd. Invesco bought 2,222,222 shares of the stock in a transaction on Monday, June 10th. The shares were bought at an average price of $4.50 per share, for a total transaction of $9,999,999.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of IVZ stock traded down $0.26 during mid-day trading on Wednesday, hitting $20.35. 50,645 shares of the company’s stock were exchanged, compared to its average volume of 4,490,445. Invesco Ltd. has a fifty-two week low of $15.38 and a fifty-two week high of $28.53. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 1.03 and a beta of 1.54.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Thursday, April 25th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Invesco had a return on equity of 10.48% and a net margin of 15.59%. The business had revenue of $887.10 million for the quarter, compared to analysts’ expectations of $884.93 million. During the same quarter last year, the firm earned $0.67 earnings per share. The business’s revenue was down 7.4% on a year-over-year basis. As a group, analysts anticipate that Invesco Ltd. will post 2.32 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 10th were issued a dividend of $0.31 per share. This is a boost from Invesco’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.24 annualized dividend and a dividend yield of 6.09%. Invesco’s dividend payout ratio (DPR) is 51.03%.

Institutional investors have recently modified their holdings of the stock. FinTrust Capital Advisors LLC raised its position in Invesco by 21.7% in the first quarter. FinTrust Capital Advisors LLC now owns 2,909 shares of the asset manager’s stock valued at $56,000 after purchasing an additional 519 shares during the period. Parallel Advisors LLC raised its position in Invesco by 58.8% in the first quarter. Parallel Advisors LLC now owns 1,436 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 532 shares during the period. AdvisorNet Financial Inc raised its position in Invesco by 8.7% in the first quarter. AdvisorNet Financial Inc now owns 7,106 shares of the asset manager’s stock valued at $137,000 after purchasing an additional 569 shares during the period. Dean Investment Associates LLC raised its position in Invesco by 1.0% in the fourth quarter. Dean Investment Associates LLC now owns 67,158 shares of the asset manager’s stock valued at $1,124,000 after purchasing an additional 647 shares during the period. Finally, Rehmann Capital Advisory Group raised its position in Invesco by 100.0% in the first quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 669 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

A number of brokerages have commented on IVZ. William Blair reiterated a “market perform” rating on shares of Invesco in a report on Thursday, April 25th. Deutsche Bank increased their target price on Invesco from $20.00 to $22.00 and gave the company a “hold” rating in a report on Friday, April 26th. UBS Group cut Invesco from a “neutral” rating to a “sell” rating and set a $18.00 target price on the stock. in a report on Monday, May 13th. Edward Jones cut Invesco from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Finally, Zacks Investment Research cut Invesco from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. Invesco currently has a consensus rating of “Hold” and an average target price of $22.09.

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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.

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