Invesco (NYSE:IVZ) Stock Breaks Above 200-Day Moving Average - Time to Sell?

Key Points

• Invesco shares rose above their 200-day moving average of $28.52, reaching $30.42 before last trading near $30.08; the 50-day average was higher at $31.56.
• Analyst sentiment remains cautious, with five Buy ratings and nine Holds producing an overall “Hold” consensus and an average price target of $33.27.
• Invesco exceeded quarterly earnings and revenue estimates, while maintaining a $0.2150 quarterly dividend yielding about 2.9%; however, insiders sold more than 222,000 shares worth approximately $7.2 million over 90 days.

Invesco Ltd. (NYSE:IVZ - Get Free Report) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $28.52 and traded as high as $30.42. Invesco shares last traded at $30.0750, with a volume of 3,918,684 shares trading hands.

Wall Street Analysts Forecast Growth

IVZ has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Invesco from a "strong-buy" rating to a "hold" rating in a report on Monday, September 7th. Keefe, Bruyette & Woods began coverage on shares of Invesco in a report on Wednesday, September 9th. They issued an "outperform" rating and a $39.00 price objective for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Invesco in a research report on Friday, September 25th. Barclays raised their target price on Invesco from $31.00 to $32.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen lowered Invesco from a "buy" rating to a "hold" rating in a research report on Saturday, September 26th. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $33.27.

Invesco Stock Down 1.4%

The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The company has a fifty day simple moving average of $31.56 and a 200 day simple moving average of $28.52. The firm has a market capitalization of $13.33 billion, a P/E ratio of -44.23, a P/E/G ratio of 0.45 and a beta of 1.65.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the previous year, the business posted $0.36 EPS. Invesco's revenue was up 20.5% compared to the same quarter last year. On average, equities analysts expect that Invesco Ltd. will post 2.83 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Friday, August 14th were given a dividend of $0.2150 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.86 annualized dividend and a dividend yield of 2.9%. Invesco's dividend payout ratio (DPR) is -126.47%.

Insiders Place Their Bets

In other Invesco news, Director Andrew Tak Shing Lo sold 100,840 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $32.20, for a total transaction of $3,247,048.00. Following the sale, the director directly owned 812,477 shares in the company, valued at approximately $26,161,759.40. This trade represents a 11.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephanie Butcher sold 45,095 shares of the company's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $32.28, for a total value of $1,455,666.60. Following the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 222,540 shares of company stock valued at $7,227,167. Insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IVZ. Elevation Wealth Partners LLC grew its position in Invesco by 141.1% during the third quarter. Elevation Wealth Partners LLC now owns 1,010 shares of the asset manager's stock valued at $30,000 after buying an additional 591 shares during the period. SJS Investment Consulting Inc. increased its position in Invesco by 80.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager's stock worth $29,000 after buying an additional 537 shares in the last quarter. Continuum Advisory LLC bought a new position in shares of Invesco in the second quarter worth about $39,000. Blue Trust Inc. raised its stake in shares of Invesco by 171.0% in the first quarter. Blue Trust Inc. now owns 1,859 shares of the asset manager's stock worth $45,000 after buying an additional 1,173 shares during the period. Finally, CENTRAL TRUST Co lifted its holdings in Invesco by 389.6% during the first quarter. CENTRAL TRUST Co now owns 1,875 shares of the asset manager's stock valued at $46,000 after purchasing an additional 1,492 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

About Invesco

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.