Invesco (NYSE:IVZ) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Invesco Ltd. (NYSE:IVZ) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $28.00 and traded as low as $27.38. Invesco shares last traded at $27.71, with a volume of 5,864,917 shares traded.

Wall Street Analyst Weigh In

IVZ has been the subject of several research analyst reports. Zacks Research lowered shares of Invesco from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Morgan Stanley increased their target price on shares of Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 22nd. BMO Capital Markets lifted their price target on shares of Invesco from $34.00 to $36.00 and gave the company an “outperform” rating in a research note on Tuesday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Invesco in a research note on Friday, September 25th. Finally, Wall Street Zen cut shares of Invesco from a “buy” rating to a “hold” rating in a research report on Sunday, October 18th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.79.

Invesco Stock Performance

The firm has a market cap of $12.28 billion, a P/E ratio of -40.16, a PEG ratio of 0.47 and a beta of 1.65. 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’s 50-day moving average is $30.54 and its two-hundred day moving average is $28.00.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, October 27th. The asset manager reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.02). The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. As a group, equities analysts predict that Invesco Ltd. will post 2.80 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Friday, November 13th will be given a dividend of $0.2150 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.86 annualized dividend and a dividend yield of 3.1%. Invesco’s payout ratio is presently -124.64%.

Insider Buying and Selling

In other Invesco news, Director Phoebe A. Wood sold 3,000 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $32.44, for a total transaction of $97,320.00. Following the transaction, the director directly owned 107,111 shares in the company, valued at approximately $3,474,680.84. This trade represents a 2.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew Tak Shing Lo sold 100,840 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $32.20, for a total value of $3,247,048.00. Following the transaction, the director owned 812,477 shares in the company, valued at approximately $26,161,759.40. This trade represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 222,540 shares of company stock worth $7,227,167. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of Invesco

Several institutional investors have recently made changes to their positions in IVZ. Richardson Financial Services Inc. lifted its position in shares of Invesco by 144.7% during the third quarter. Richardson Financial Services Inc. now owns 930 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 550 shares in the last quarter. Ascent Group LLC grew its position in Invesco by 32.5% in the 3rd quarter. Ascent Group LLC now owns 38,384 shares of the asset manager’s stock worth $1,158,000 after purchasing an additional 9,414 shares in the last quarter. Compass Financial Management LLC bought a new stake in Invesco in the 3rd quarter worth about $118,000. Rakuten Investment Management Inc. bought a new stake in Invesco in the 3rd quarter worth about $1,537,000. Finally, Provenance Wealth Advisors LLC purchased a new stake in Invesco in the 3rd quarter valued at about $70,000. Institutional investors own 66.09% of the company’s stock.

Invesco Company 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.