Invesco Ltd. $IVZ Stock Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. cut its Invesco stake by 77.3% in the third quarter, selling 66,617 shares and retaining 19,615 shares valued at about $592,000.
• Invesco reported quarterly EPS of $0.72, slightly below the $0.74 consensus, while revenue rose 16.5% year over year to $1.38 billion.
• The company declared a quarterly dividend of $0.215 per share, equivalent to $0.86 annually and a reported 3.0% yield; analysts’ consensus rating was “Moderate Buy,” with an average price target of $33.79.

Asset Management One Co. Ltd. cut its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 77.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,615 shares of the asset manager's stock after selling 66,617 shares during the period. Asset Management One Co. Ltd.'s holdings in Invesco were worth $592,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Invesco by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,361,119 shares of the asset manager's stock valued at $518,836,000 after acquiring an additional 596,434 shares in the last quarter. Bank of New York Mellon Corp grew its position in Invesco by 5.6% during the 1st quarter. Bank of New York Mellon Corp now owns 3,431,694 shares of the asset manager's stock worth $83,356,000 after acquiring an additional 182,060 shares during the last quarter. Bank of America Corp DE grew its position in Invesco by 28.9% during the 1st quarter. Bank of America Corp DE now owns 2,654,290 shares of the asset manager's stock worth $64,473,000 after acquiring an additional 595,797 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Invesco by 24.1% in the 1st quarter. Quantinno Capital Management LP now owns 1,574,728 shares of the asset manager's stock worth $38,250,000 after purchasing an additional 306,213 shares in the last quarter. Finally, Engineers Gate Manager LP increased its holdings in Invesco by 47.0% in the 2nd quarter. Engineers Gate Manager LP now owns 1,354,613 shares of the asset manager's stock worth $35,748,000 after purchasing an additional 433,287 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Price Performance

Shares of IVZ opened at $28.23 on Wednesday. The business has a 50-day moving average of $30.37 and a 200-day moving average of $28.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market capitalization of $12.51 billion, a price-to-earnings ratio of -40.91, a price-to-earnings-growth ratio of 0.45 and a beta of 1.69. Invesco Ltd. has a 1 year low of $21.82 and a 1 year high of $33.66.

Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, October 27th. The asset manager reported $0.72 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.02). The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. Invesco had a negative net margin of 1.10% and a positive return on equity of 12.65%. The business's revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. As a group, equities research analysts anticipate that Invesco Ltd. will post 2.80 earnings per share for the current year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Friday, November 13th will be given a $0.2150 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.0%. Invesco's payout ratio is -124.64%.

Wall Street Analyst Weigh In

Several equities analysts have commented on IVZ shares. Wall Street Zen downgraded Invesco from a "buy" rating to a "hold" rating in a research report on Sunday, October 18th. JPMorgan Chase & Co. boosted their price target on Invesco from $29.00 to $29.50 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Zacks Research downgraded Invesco from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 7th. UBS Group set a $36.00 price objective on Invesco in a research note on Tuesday, October 13th. Finally, Morgan Stanley raised their price objective on shares of Invesco from $31.00 to $32.00 and gave the company an "equal weight" rating in a report on Thursday, October 22nd. 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.79.

Insider Activity

In other news, Director Andrew Tak Shing Lo sold 100,840 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $32.20, for a total transaction of $3,247,048.00. Following the completion of the sale, the director directly owned 812,477 shares in the company, valued at $26,161,759.40. This represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Phoebe A. Wood sold 3,000 shares of Invesco stock in a transaction on Friday, September 11th. The stock was sold at an average price of $32.44, for a total transaction of $97,320.00. Following the transaction, the director directly owned 107,111 shares of the company's stock, valued at $3,474,680.84. This represents a 2.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 222,540 shares of company stock worth $7,227,167 over the last quarter. Company insiders own 1.40% of the company's stock.

Invesco Profile

Invesco Ltd. NYSE: IVZ is a global investment management company that provides investment products and services to individual investors, financial professionals, institutions and governments. The company manages assets across a range of strategies, including equities, fixed income, multi-asset portfolios, alternatives, money market funds and cash management.

Invesco offers mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment solutions.

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