Invesco (NYSE:IVZ) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Invesco Ltd. (NYSE:IVZ - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $27.99 and traded as high as $29.10. Invesco shares last traded at $28.9080, with a volume of 7,845,410 shares.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Morgan Stanley raised their target price on Invesco from $31.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 22nd. Evercore set a $34.00 price target on Invesco in a research report on Friday, October 9th. Barclays upped their price target on Invesco from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 28th. Weiss Ratings reiterated a "hold (c)" rating on shares of Invesco in a report on Friday, September 25th. Finally, Wall Street Zen lowered Invesco from a "buy" rating to a "hold" rating in a research report on Sunday, October 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $33.79.

Invesco Price Performance

The company has a current ratio of 1.16, a quick ratio of 1.31 and a debt-to-equity ratio of 0.96. The business's 50 day moving average price is $29.98 and its two-hundred day moving average price is $27.99. The stock has a market cap of $12.81 billion, a P/E ratio of -41.90, a price-to-earnings-growth ratio of 0.44 and a beta of 1.69.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The asset manager reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.02). Invesco had a positive return on equity of 13.49% and a negative net margin of 1.10%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the company earned $0.61 earnings per share. Invesco's quarterly revenue was up 16.5% on a year-over-year basis. As a group, sell-side analysts expect that Invesco Ltd. will post 2.80 earnings per share for the current fiscal year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Friday, November 13th will be issued a dividend of $0.2150 per share. 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 dividend payout ratio is -124.64%.

Insider Transactions at Invesco

In other news, Director Andrew Tak Shing Lo sold 100,840 shares of the firm's stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $32.20, for a total value of $3,247,048.00. Following the completion of the transaction, the director owned 812,477 shares in the company, valued at $26,161,759.40. This trade represents a 11.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Phoebe A. Wood sold 3,000 shares of Invesco stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $32.44, for a total value of $97,320.00. Following the sale, the director owned 107,111 shares in the company, valued at $3,474,680.84. This represents a 2.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 222,540 shares of company stock worth $7,227,167 over the last 90 days. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Invesco

A number of institutional investors have recently added to or reduced their stakes in IVZ. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Invesco by 2,633.1% during the 1st 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 buying an additional 925,300 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Invesco by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 21,361,119 shares of the asset manager's stock worth $518,836,000 after acquiring an additional 596,434 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Invesco by 28.9% in 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 in the last quarter. Sonoma Allocations LLC purchased a new position in Invesco during the 2nd quarter valued at about $11,797,000. Finally, Engineers Gate Manager LP lifted its position in Invesco by 47.0% during the 2nd quarter. Engineers Gate Manager LP now owns 1,354,613 shares of the asset manager's stock valued at $35,748,000 after acquiring an additional 433,287 shares during the period. Institutional investors own 66.09% of the company's stock.

Invesco Company Profile

Invesco Ltd. is a global investment management company headquartered in Atlanta, Georgia. It provides investment products and services to individual investors, financial professionals, institutions and other organizations.

Its offerings include mutual funds and exchange-traded funds, as well as investment strategies and portfolio management across a range of asset classes and approaches, including active and index investing. Invesco also serves institutional clients with investment solutions tailored to their needs.

The company operates internationally, serving clients across the Americas, Europe, the Middle East and Asia-Pacific.

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