Invesco Ltd. $IVZ Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Invesco Ltd. (NYSE:IVZ) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 111,068 shares of the asset manager’s stock, valued at approximately $3,350,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. ANB Bank increased its holdings in shares of Invesco by 3.1% in the first quarter. ANB Bank now owns 12,324 shares of the asset manager’s stock valued at $299,000 after purchasing an additional 375 shares during the period. Evergreen Capital Management LLC lifted its holdings in shares of Invesco by 3.0% during the third quarter. Evergreen Capital Management LLC now owns 13,219 shares of the asset manager’s stock worth $399,000 after purchasing an additional 379 shares during the period. Park Avenue Securities LLC grew its position in Invesco by 2.4% in the 3rd quarter. Park Avenue Securities LLC now owns 17,126 shares of the asset manager’s stock valued at $517,000 after buying an additional 401 shares during the last quarter. Kera Capital Partners Inc. increased its stake in Invesco by 2.1% in the 1st quarter. Kera Capital Partners Inc. now owns 23,992 shares of the asset manager’s stock valued at $583,000 after buying an additional 484 shares during the period. Finally, Elevation Wealth Partners LLC increased its stake in Invesco by 141.1% in the 3rd quarter. Elevation Wealth Partners LLC now owns 1,010 shares of the asset manager’s stock valued at $30,000 after buying an additional 591 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Price Performance

Shares of NYSE:IVZ traded up $0.01 during trading on Friday, hitting $27.09. 5,094,343 shares of the stock were exchanged, compared to its average volume of 5,218,365. The company has a market cap of $12.01 billion, a PE ratio of -39.27, a P/E/G ratio of 0.45 and a beta of 1.69. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $30.06 and a two-hundred day moving average price of $27.99. Invesco Ltd. has a 12-month low of $21.82 and a 12-month high of $33.66.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, October 27th. The asset manager reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.02). The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.38 billion. Invesco had a positive return on equity of 12.65% and a negative net margin of 1.10%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. On average, analysts forecast that Invesco Ltd. will post 2.80 EPS for the current year.

Invesco Dividend Announcement

The firm 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. This represents a $0.86 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, November 13th. Invesco’s dividend payout ratio (DPR) is -124.64%.

Insider Buying and Selling at Invesco

In other news, Director Phoebe Wood sold 3,000 shares of the 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 directly 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephanie Butcher sold 45,095 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $32.28, for a total transaction of $1,455,666.60. Following the transaction, the director directly owned 10,205 shares of the company’s stock, valued at approximately $329,417.40. This trade represents a 81.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 222,540 shares of company stock valued at $7,227,167. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. TD Cowen lowered their target price on shares of Invesco from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Keefe, Bruyette & Woods initiated coverage on Invesco in a research report on Wednesday, September 9th. They set an “outperform” rating and a $39.00 target price on the stock. JPMorgan Chase & Co. increased their target price on Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Invesco in a report on Friday, September 25th. Finally, UBS Group set a $36.00 price target on Invesco in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.79.

Invesco Profile

Invesco Ltd. (NYSE: IVZ) is a global investment management company that provides investment products and services to individual investors, financial professionals, institutions and governments. The company manages assets across a range of strategies, including equities, fixed income, multi-asset portfolios, alternatives, money market funds and cash management.

Invesco offers mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment solutions.