Invesco Ltd. (IVZ) Shares Sold by Exxonmobil Investment Management Inc. TX
Exxonmobil Investment Management Inc. TX trimmed its holdings in Invesco Ltd. (NYSE:IVZ) by 12.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,727 shares of the asset manager’s stock after selling 9,571 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Invesco were worth $2,365,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in IVZ. Sun Life Financial INC acquired a new position in Invesco in the third quarter valued at approximately $145,000. Valeo Financial Advisors LLC acquired a new position in Invesco in the third quarter valued at approximately $160,000. C M Bidwell & Associates Ltd. acquired a new position in Invesco in the second quarter valued at approximately $185,000. ETRADE Capital Management LLC acquired a new position in Invesco in the third quarter valued at approximately $205,000. Finally, Bluefin Trading LLC acquired a new position in Invesco in the second quarter valued at approximately $216,000. 81.30% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Colin Meadows sold 54,215 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total transaction of $1,952,282.15. Following the completion of the sale, the insider now owns 164,420 shares in the company, valued at $5,920,764.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.
Shares of Invesco Ltd. (IVZ) opened at $37.86 on Monday. Invesco Ltd. has a 52 week low of $28.75 and a 52 week high of $37.88. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $15,411.97, a P/E ratio of 16.46, a PEG ratio of 1.03 and a beta of 1.81.
Invesco (NYSE:IVZ) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05. Invesco had a return on equity of 13.02% and a net margin of 18.99%. The business had revenue of $976.60 million during the quarter, compared to analysts’ expectations of $940.96 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. research analysts forecast that Invesco Ltd. will post 2.67 EPS for the current fiscal year.
IVZ has been the subject of a number of research analyst reports. Goldman Sachs Group downgraded Invesco from a “buy” rating to a “neutral” rating and lowered their price target for the company from $38.00 to $36.00 in a report on Thursday, September 28th. UBS Group boosted their price objective on Invesco from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. ValuEngine upgraded Invesco from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Citigroup boosted their price objective on Invesco from $38.50 to $39.50 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $39.00 price objective on shares of Invesco in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.79.
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Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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