Invesco Ltd. $IVZ Shares Purchased by Bank of Montreal Can

Bank of Montreal Can grew its position in Invesco Ltd. (NYSE:IVZ) by 163.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 676,333 shares of the asset manager’s stock after purchasing an additional 419,619 shares during the period. Bank of Montreal Can’s holdings in Invesco were worth $10,666,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Federated Hermes Inc. boosted its position in shares of Invesco by 186.6% during the first quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager’s stock worth $30,000 after buying an additional 1,282 shares during the period. IFP Advisors Inc raised its stake in Invesco by 55.7% during the 2nd quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 761 shares in the last quarter. SVB Wealth LLC acquired a new position in Invesco during the 1st quarter worth $32,000. UMB Bank n.a. grew its stake in shares of Invesco by 45.8% in the second quarter. UMB Bank n.a. now owns 2,623 shares of the asset manager’s stock worth $41,000 after purchasing an additional 824 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of Invesco in the first quarter worth $41,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Fundamental Research set a $27.00 price objective on shares of Invesco in a research note on Friday, October 31st. Wall Street Zen raised shares of Invesco from a “hold” rating to a “buy” rating in a research note on Saturday. Cowen restated a “buy” rating on shares of Invesco in a research report on Thursday, September 18th. Citigroup upped their price target on shares of Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Finally, Evercore ISI raised their price objective on shares of Invesco from $24.00 to $26.00 and gave the company an “in-line” rating in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $23.41.

Invesco Stock Down 0.1%

IVZ stock opened at $23.37 on Friday. The firm has a market cap of $10.42 billion, a PE ratio of 15.90, a P/E/G ratio of 0.85 and a beta of 1.72. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $24.75. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a 50 day simple moving average of $22.91 and a 200 day simple moving average of $19.18.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, October 28th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.17. Invesco had a return on equity of 8.52% and a net margin of 14.15%.The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company earned $0.44 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. Equities research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. Invesco’s payout ratio is 57.14%.

Insider Buying and Selling at Invesco

In other news, Director Douglas J. Sharp sold 160,000 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the completion of the sale, the director directly owned 192 shares of the company’s stock, valued at $4,523.52. This represents a 99.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephanie Butcher sold 103,192 shares of Invesco stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total value of $2,282,607.04. Following the completion of the transaction, the director directly owned 29,855 shares in the company, valued at $660,392.60. This represents a 77.56% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.21% of the company’s stock.

Invesco Company Profile

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.