Kendall Capital Management Invests $309,000 in Invesco Ltd. $IVZ

Key Points

• Kendall Capital Management has made a new investment in Invesco Ltd. by purchasing 19,575 shares valued at approximately $309,000.
• Notable insider activity includes Director Stephanie Butcher selling 103,192 shares, resulting in a 77.56% decrease in her position.
• Invesco's stock currently holds a consensus rating of "Hold" with an average price target of $19.38, reflecting varied analyst sentiments and recent upgrades.

Kendall Capital Management bought a new position in Invesco Ltd. (NYSE:IVZ - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 19,575 shares of the asset manager's stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IVZ. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Invesco in the 4th quarter worth about $3,297,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Invesco by 70.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 140,964 shares of the asset manager's stock worth $2,464,000 after buying an additional 58,361 shares during the period. Versant Capital Management Inc grew its position in shares of Invesco by 264.1% in the 1st quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock worth $47,000 after buying an additional 2,234 shares during the period. GAMMA Investing LLC grew its position in Invesco by 1,715.1% during the 1st quarter. GAMMA Investing LLC now owns 343,085 shares of the asset manager's stock valued at $52,050,000 after purchasing an additional 324,183 shares during the last quarter. Finally, Investors Research Corp grew its position in Invesco by 5.6% during the 1st quarter. Investors Research Corp now owns 31,312 shares of the asset manager's stock valued at $475,000 after purchasing an additional 1,662 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Invesco

In other 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 value of $2,282,607.04. Following the transaction, the director owned 29,855 shares in the company, valued at $660,392.60. This represents a 77.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IVZ. The Goldman Sachs Group increased their price objective on shares of Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a research report on Friday, June 27th. Zacks Research raised shares of Invesco to a "hold" rating in a research report on Tuesday, August 12th. TD Cowen raised shares of Invesco from a "hold" rating to a "buy" rating and increased their price objective for the company from $17.50 to $25.00 in a research report on Monday, July 21st. Barclays increased their price objective on shares of Invesco from $17.00 to $22.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley increased their price objective on shares of Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Four investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat, Invesco presently has a consensus rating of "Hold" and an average price target of $19.38.

Invesco Stock Performance

Shares of NYSE IVZ opened at $22.72 on Friday. The firm's 50-day moving average price is $21.62 and its 200-day moving average price is $17.22. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $22.99. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88. The company has a market cap of $10.13 billion, a PE ratio of 24.42, a PEG ratio of 1.28 and a beta of 1.58.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). Invesco had a return on equity of 8.60% and a net margin of 10.68%.The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $0.43 EPS. Invesco's revenue for the quarter was up 2.2% on a year-over-year basis. As a group, analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Thursday, August 14th. Invesco's dividend payout ratio is 90.32%.

Invesco Company 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.

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