SG Americas Securities LLC Acquires 66,197 Shares of Invesco Ltd. $IVZ

SG Americas Securities LLC increased its stake in Invesco Ltd. (NYSE:IVZ) by 587.6% during the second quarter, Holdings Channel.com reports. The fund owned 77,463 shares of the asset manager’s stock after buying an additional 66,197 shares during the period. SG Americas Securities LLC’s holdings in Invesco were worth $1,222,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. grew its stake in shares of Invesco by 186.6% in the 1st quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager’s stock valued at $30,000 after buying an additional 1,282 shares during the period. SVB Wealth LLC purchased a new stake in shares of Invesco in the first quarter valued at about $32,000. IFP Advisors Inc increased its stake in Invesco by 55.7% in the 2nd quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock valued at $34,000 after buying an additional 761 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Invesco during the first quarter valued at approximately $41,000. Finally, UMB Bank n.a. raised its stake in shares of Invesco by 45.8% during the 2nd quarter. UMB Bank n.a. now owns 2,623 shares of the asset manager’s stock worth $41,000 after purchasing an additional 824 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Cowen reaffirmed a “buy” rating on shares of Invesco in a research report on Thursday, September 18th. Barclays lifted their price objective on Invesco from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada boosted their price target on shares of Invesco from $23.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. BMO Capital Markets reiterated an “outperform” rating on shares of Invesco in a research report on Friday, October 24th. Finally, Fundamental Research set a $27.00 price target on shares of Invesco in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $23.70.

Insider Activity

In other Invesco news, Director Stephanie Butcher sold 103,192 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the completion of the sale, the director directly owned 29,855 shares of the company’s stock, valued at $660,392.60. This trade represents a 77.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Douglas J. Sharp sold 160,000 shares of Invesco stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $23.56, for a total value of $3,769,600.00. Following the completion of the sale, the director directly owned 192 shares in the company, valued at approximately $4,523.52. The trade was a 99.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.21% of the company’s stock.

Invesco Stock Up 2.2%

Shares of Invesco stock opened at $23.21 on Friday. The stock has a market capitalization of $10.33 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 0.85 and a beta of 1.72. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $24.75. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.30 and a current ratio of 1.30. The company has a 50-day simple moving average of $23.17 and a two-hundred day simple moving average of $19.79.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, October 28th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.17. Invesco had a net margin of 14.15% and a return on equity of 8.52%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm posted $0.44 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.84 annualized dividend and a yield of 3.6%. Invesco’s dividend payout ratio is currently 57.14%.

Invesco Profile

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.