NewEdge Advisors LLC Purchases 155,038 Shares of Invesco Ltd. $IVZ

NewEdge Advisors LLC raised its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 229.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 222,541 shares of the asset manager's stock after buying an additional 155,038 shares during the quarter. NewEdge Advisors LLC owned about 0.05% of Invesco worth $5,873,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. California State Teachers Retirement System boosted its stake in Invesco by 23.4% during the first quarter. California State Teachers Retirement System now owns 417,476 shares of the asset manager's stock worth $10,140,000 after acquiring an additional 79,273 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Invesco by 2,633.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 960,441 shares of the asset manager's stock valued at $23,330,000 after purchasing an additional 925,300 shares in the last quarter. Sonoma Allocations LLC purchased a new position in shares of Invesco during the second quarter valued at approximately $11,797,000. Principal Financial Group Inc. lifted its holdings in shares of Invesco by 5.5% during the first quarter. Principal Financial Group Inc. now owns 824,547 shares of the asset manager's stock valued at $20,028,000 after purchasing an additional 43,322 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Invesco by 5.6% in 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 purchasing an additional 182,060 shares in the last quarter. Institutional investors own 66.09% of the company's stock.

Insider Buying and Selling at Invesco

In other Invesco news, Director Stephanie Butcher sold 45,095 shares of Invesco stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $32.28, for a total transaction of $1,455,666.60. Following the completion of the sale, the director directly owned 10,205 shares in the company, valued at approximately $329,417.40. The trade was a 81.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Phoebe Wood sold 3,000 shares of the business's stock in a transaction on Friday, September 11th. The stock was sold at an average price of $32.44, for a total value 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. The trade was a 2.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 222,540 shares of company stock valued at $7,227,167. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

IVZ has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on Invesco from $29.00 to $29.50 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods initiated coverage on Invesco in a research note on Wednesday, September 9th. They issued an "outperform" rating and a $39.00 target price on the stock. Zacks Research lowered Invesco from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 7th. Evercore set a $35.00 price target on shares of Invesco in a research note on Monday, August 10th. Finally, TD Cowen raised their price objective on shares of Invesco from $37.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Four analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $31.46.

Invesco Stock Down 2.4%

Shares of IVZ stock opened at $31.50 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. Invesco Ltd. has a 12 month low of $20.67 and a 12 month high of $33.66. The stock has a market cap of $13.97 billion, a P/E ratio of -46.33, a P/E/G ratio of 0.47 and a beta of 1.63. The company has a 50 day simple moving average of $31.09 and a two-hundred day simple moving average of $27.75.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The company's revenue for the quarter was up 20.5% on a year-over-year basis. On average, research analysts expect that Invesco Ltd. will post 2.82 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a yield of 2.7%. Invesco's dividend payout ratio (DPR) is currently -126.47%.

About Invesco

Invesco Ltd. NYSE: IVZ is a global investment management company that provides investment products and services to individuals, financial advisers, institutions and other clients. The company manages assets across a range of strategies, including active and passive equities, fixed income, multi-asset portfolios, alternatives and private markets.

Its offerings include mutual funds, exchange-traded funds, separately managed accounts, institutional investment mandates and other portfolio solutions.

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