50,937 Invesco Ltd. $IVZ Shares Sold by Vontobel Holding Ltd.

Key Points

• Vontobel Holding reduced its Invesco stake by 22.8% in the third quarter, selling 50,937 shares and retaining 172,332 shares valued at approximately $5.2 million. Institutional investors and hedge funds collectively own 66.09% of Invesco.
• Invesco reported quarterly EPS of $0.71, exceeding estimates of $0.67, while revenue rose 20.5% year over year to $1.33 billion. The company pays a quarterly dividend of $0.215 per share, representing an annualized yield of about 3.1%.
• Shares opened at $28.19, below the analyst consensus price target of $33.12. Analysts maintain a “Moderate Buy” consensus, while company insiders sold 222,540 shares worth approximately $7.2 million over the past three months.

Vontobel Holding Ltd. trimmed its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 22.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,332 shares of the asset manager's stock after selling 50,937 shares during the period. Vontobel Holding Ltd.'s holdings in Invesco were worth $5,198,000 at the end of the most recent quarter.

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

Invesco Stock Down 2.1%

Invesco stock opened at $28.19 on Friday. The company's 50 day simple moving average is $31.25 and its 200 day simple moving average is $28.70. Invesco Ltd. has a fifty-two week low of $20.67 and a fifty-two week high of $33.66. The firm has a market capitalization of $12.50 billion, a price-to-earnings ratio of -41.46, a PEG ratio of 0.45 and a beta of 1.65. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data 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. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the previous year, the company earned $0.36 earnings per share. The business's revenue for the quarter was up 20.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Invesco Ltd. will post 2.82 EPS for the current year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were given a dividend of $0.2150 per share. This represents a $0.86 dividend on an annualized basis 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%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Jefferies Financial Group raised Invesco to a "hold" rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. raised their price target on Invesco from $29.00 to $29.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Invesco in a research note on Friday, September 25th. Morgan Stanley upped their price objective on Invesco from $30.00 to $31.00 and gave the company an "equal weight" rating in a report on Friday, September 25th. Finally, TD Cowen dropped their price objective on Invesco from $39.00 to $38.00 and set a "buy" rating for the company in a report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Invesco has an average rating of "Moderate Buy" and an average target price of $33.12.

Insider Activity

In other news, CFO Laura Dukes sold 31,075 shares of the business's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $33.16, for a total value of $1,030,447.00. Following the completion of the transaction, the chief financial officer owned 259,183 shares of the company's stock, valued at $8,594,508.28. The trade was a 10.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Phoebe Wood sold 3,000 shares of the business's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $32.44, for a total transaction of $97,320.00. Following the completion of the transaction, the director directly owned 107,111 shares of the company's stock, valued at $3,474,680.84. This trade represents a 2.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 222,540 shares of company stock valued at $7,227,167. 1.40% of the stock is owned by company insiders.

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.

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