Vontobel Holding Ltd. Has $6.69 Million Position in Invesco Ltd. $IVZ

Key Points

• Vontobel Holding Ltd. increased its stake in Invesco Ltd. by 22.1% during the second quarter, acquiring an additional 76,705 shares, bringing its total ownership to approximately $6.69 million.
• A significant insider transaction occurred when Director Stephanie Butcher sold 103,192 shares at an average price of $22.12, thereby reducing her ownership by 77.56%.
• Invesco's latest earnings report indicated a net margin of 10.68% and earnings per share of $0.36, which was below analysts' expectations, marking a year-on-year decrease from $0.43.

Vontobel Holding Ltd. boosted its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 22.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 424,021 shares of the asset manager's stock after buying an additional 76,705 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.09% of Invesco worth $6,687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IVZ. Federated Hermes Inc. lifted 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 purchasing an additional 1,282 shares during the period. SVB Wealth LLC acquired a new position in shares of Invesco in the 1st quarter valued at about $32,000. UMB Bank n.a. lifted its stake in shares of Invesco by 45.8% in the 2nd quarter. UMB Bank n.a. now owns 2,623 shares of the asset manager's stock valued at $41,000 after purchasing an additional 824 shares during the period. Summit Securities Group LLC acquired a new position in shares of Invesco in the 1st quarter valued at about $41,000. Finally, Resona Asset Management Co. Ltd. lifted its stake in shares of Invesco by 33.5% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 3,943 shares of the asset manager's stock valued at $60,000 after purchasing an additional 990 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Stephanie Butcher sold 103,192 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 approximately $660,392.60. This represents a 77.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.21% of the company's stock.

Invesco Stock Performance

IVZ stock opened at $22.48 on Friday. The firm has a market cap of $10.03 billion, a PE ratio of 24.17, a P/E/G ratio of 1.18 and a beta of 1.66. 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 business has a 50 day moving average of $22.08 and a 200-day moving average of $17.76. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $24.54.

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

Invesco Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Evercore ISI boosted their price objective on Invesco from $24.00 to $26.00 and gave the company an "in-line" rating in a research note on Thursday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Invesco in a research report on Wednesday. Morgan Stanley reaffirmed a "positive" rating on shares of Invesco in a research report on Monday. Cowen reaffirmed a "buy" rating on shares of Invesco in a research report on Thursday, September 18th. Finally, Wells Fargo & Company raised Invesco from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $14.50 to $18.00 in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $21.72.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.