Insider Buying: Invesco Ltd. (IVZ) Director Buys 10,000 Shares of Stock

Invesco Ltd. (NYSE:IVZ) Director Rod Canion bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average cost of $19.84 per share, for a total transaction of $198,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Rod Canion also recently made the following trade(s):

  • On Thursday, February 21st, Rod Canion bought 20,000 shares of Invesco stock. The stock was bought at an average cost of $18.89 per share, for a total transaction of $377,800.00.

Shares of IVZ stock opened at $20.38 on Thursday. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 0.99 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.52 and a current ratio of 1.52. Invesco Ltd. has a fifty-two week low of $15.38 and a fifty-two week high of $28.98.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Thursday, April 25th. The asset manager reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $887.10 million for the quarter, compared to analysts’ expectations of $884.93 million. Invesco had a net margin of 15.59% and a return on equity of 10.48%. Invesco’s revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 earnings per share. As a group, equities research analysts anticipate that Invesco Ltd. will post 2.33 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 10th will be paid a dividend of $0.31 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.08%. This is a positive change from Invesco’s previous quarterly dividend of $0.30. Invesco’s dividend payout ratio (DPR) is currently 51.03%.

A number of research analysts have weighed in on the stock. Deutsche Bank lifted their price target on shares of Invesco from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Zacks Investment Research raised shares of Invesco from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, April 10th. Wells Fargo & Co lifted their price target on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Tuesday, March 19th. Credit Suisse Group reaffirmed a “hold” rating on shares of Invesco in a research report on Thursday, January 31st. Finally, Barclays cut shares of Invesco from an “overweight” rating to an “equal weight” rating and set a $19.00 price target on the stock. in a research report on Thursday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Invesco has an average rating of “Hold” and an average price target of $22.00.

Institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in shares of Invesco by 58.8% during the first quarter. Parallel Advisors LLC now owns 1,436 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 532 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in shares of Invesco during the first quarter valued at approximately $31,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Invesco during the first quarter valued at approximately $33,000. CSat Investment Advisory L.P. raised its stake in shares of Invesco by 141.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 2,103 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 1,231 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in shares of Invesco by 46.2% during the first quarter. Quadrant Capital Group LLC now owns 2,213 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 699 shares during the period. Institutional investors own 80.84% of the company’s stock.

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About Invesco

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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