Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Invesco Ltd. NYSE: IVZ. In a filing disclosed on April 28th, the Representative disclosed that they had sold between $1,001 and $15,000 in Invesco stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
- Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
- Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
- Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Best Buy NYSE: BBY on 4/8/2025.
- Sold $1,001 - $15,000 in shares of EOG Resources NYSE: EOG on 4/8/2025.
- Sold $1,001 - $15,000 in shares of CSX NASDAQ: CSX on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Valero Energy NYSE: VLO on 4/8/2025.
- Sold $15,001 - $50,000 in shares of Accenture NYSE: ACN on 4/8/2025.
Invesco Price Performance
Shares of IVZ traded up $0.49 during trading hours on Friday, reaching $14.41. 4,372,064 shares of the company traded hands, compared to its average volume of 4,294,520. The stock has a fifty day simple moving average of $14.55 and a 200 day simple moving average of $16.73. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $19.55. The stock has a market capitalization of $6.45 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.
Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same quarter in the prior year, the company posted $0.33 EPS. As a group, research analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.
Invesco Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a yield of 5.83%. This is a boost from Invesco's previous quarterly dividend of $0.21. Invesco's payout ratio is presently 67.20%.
Wall Street Analysts Forecast Growth
Several analysts have commented on the company. Barclays lifted their price target on Invesco from $13.00 to $14.00 and gave the company an "equal weight" rating in a report on Wednesday, April 23rd. Royal Bank of Canada started coverage on shares of Invesco in a research note on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 price target on the stock. Bank of America decreased their price target on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. JPMorgan Chase & Co. cut their target price on Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, Morgan Stanley reduced their target price on Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $17.25.
Read Our Latest Research Report on IVZ
Institutional Trading of Invesco
A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in Invesco by 17.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,285,609 shares of the asset manager's stock valued at $22,472,000 after purchasing an additional 188,041 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Invesco by 4.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager's stock worth $45,684,000 after buying an additional 113,451 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Invesco in the fourth quarter valued at $735,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Invesco during the 4th quarter worth $424,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Invesco by 41.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager's stock worth $867,000 after purchasing an additional 14,489 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
Invesco Company Profile
(
Get Free Report)
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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