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. It manages separate client-focused equity and fixed income portfolios. The firm also launches equity, fixed income, commodity, multi-asset, and balanced mutual funds for its clients. It launches equity, fixed income, multi-asset, and balanced exchange-traded funds. The firm also launches and manages private funds. It invests in the public equity and fixed income markets across the globe. The firm also invests in alternative markets, such as commodities and currencies. For the equity portion of its portfolio, it invests in growth and value stocks of large-cap, mid-cap, and small-cap companies. For the fixed income portion of its portfolio, the firm invests in convertibles, government bonds, municipal bonds, treasury securities, and cash. It also invests in short term and intermediate term bonds, investment grade and high yield bonds, taxable and tax-free bonds, senior secured loans, and structured securities such as asset-backed securities, mortgage-backed securities, and commercial mortgage-backed securities. The firm employs absolute return, global macro, and long/short strategies. It employs quantitative analysis to make its investments. The firm was formerly known as Invesco Plc, AMVESCAP plc, Amvesco plc, Invesco PLC, Invesco MIM, and H. Lotery & Co. Ltd. Invesco Ltd. was founded in December 1935 and is based in Atlanta, Georgia with an additional office in Hamilton, Bermuda.
Invesco Trading Up 0.7 %
IVZ traded up $0.12 during mid-day trading on Friday, reaching $17.92. The stock had a trading volume of 2,321,356 shares, compared to its average volume of 4,325,319. The stock has a market capitalization of $8.15 billion, a P/E ratio of 7.72, a P/E/G ratio of 1.46 and a beta of 1.28. The company has a debt-to-equity ratio of 0.71, a quick ratio of 4.21 and a current ratio of 4.31. The firm's fifty day simple moving average is $17.10 and its two-hundred day simple moving average is $19.54. Invesco has a 52 week low of $15.20 and a 52 week high of $27.03.
Invesco (NYSE:IVZ - Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The asset manager reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.20). The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Invesco had a net margin of 19.67% and a return on equity of 12.05%. The firm's quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 earnings per share. On average, equities analysts predict that Invesco will post 2.04 EPS for the current year.
Invesco Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 12th will be given a $0.188 dividend. The ex-dividend date is Thursday, August 11th. This represents a $0.75 annualized dividend and a dividend yield of 4.20%. Invesco's dividend payout ratio is currently 32.33%.
Analyst Ratings Changes
IVZ has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Invesco from $22.00 to $20.00 in a research report on Monday, July 18th. Citigroup reduced their price objective on Invesco from $26.00 to $22.50 in a research report on Wednesday, April 27th. The Goldman Sachs Group reduced their price objective on Invesco from $21.50 to $18.00 and set a "neutral" rating for the company in a research report on Wednesday, June 29th. UBS Group reduced their price objective on Invesco from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Monday, August 1st. Finally, Morgan Stanley reduced their price objective on Invesco from $23.00 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, June 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $20.59.
Insider Transactions at Invesco
In related news, major shareholder Mm Asset Management Holding Ll purchased 827,590 shares of Invesco stock in a transaction dated Monday, June 13th. The shares were acquired at an average cost of $16.08 per share, for a total transaction of $13,307,647.20. Following the transaction, the insider now directly owns 80,504,729 shares of the company's stock, valued at $1,294,516,042.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Invesco news, CAO Terry Vacheron bought 4,000 shares of Invesco stock in a transaction on Tuesday, May 10th. The shares were purchased at an average cost of $17.40 per share, for a total transaction of $69,600.00. Following the completion of the acquisition, the chief accounting officer now owns 10,696 shares in the company, valued at approximately $186,110.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Mm Asset Management Holding Ll bought 827,590 shares of Invesco stock in a transaction on Monday, June 13th. The shares were acquired at an average price of $16.08 per share, for a total transaction of $13,307,647.20. Following the completion of the acquisition, the insider now owns 80,504,729 shares of the company's stock, valued at approximately $1,294,516,042.32. The disclosure for this purchase can be found here. 1.94% of the stock is owned by corporate insiders.
