Invesco (NYSE:IVZ) Stock Unloaded Sen. Gary C. Peters

Senator Gary C. Peters (D-Michigan) recently sold shares of Invesco Ltd. (NYSE:IVZ). In a filing disclosed on November 14th, the Senator disclosed that they had sold between $1,001 and $15,000 in Invesco stock on October 17th.

Senator Gary C. Peters also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Lamb Weston (NYSE:LW) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of Leggett & Platt (NYSE:LEG) on 10/31/2024.

Invesco Stock Down 0.4 %

Shares of NYSE:IVZ opened at $17.67 on Friday. The stock’s 50-day moving average price is $17.48 and its two-hundred day moving average price is $16.39. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco Ltd. has a 12-month low of $13.53 and a 12-month high of $18.94. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of -19.21, a PEG ratio of 1.02 and a beta of 1.44.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The company’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. On average, research analysts forecast that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s payout ratio is -89.13%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Avior Wealth Management LLC boosted its position in Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares during the period. Family Firm Inc. acquired a new position in Invesco during the 2nd quarter valued at approximately $28,000. Sentry Investment Management LLC acquired a new position in Invesco during the 2nd quarter valued at approximately $30,000. Allworth Financial LP boosted its position in Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,806 shares during the period. Finally, Abich Financial Wealth Management LLC boosted its position in Invesco by 50.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock worth $60,000 after acquiring an additional 1,210 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IVZ. Barclays raised their target price on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Wells Fargo & Company raised their target price on Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Evercore ISI lifted their price objective on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Finally, StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.63.

About Senator Peters

Gary Peters (Democratic Party) is a member of the U.S. Senate from Michigan. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Peters (Democratic Party) ran for re-election to the U.S. Senate to represent Michigan. He won in the general election on November 3, 2020. Peters completed Ballotpedia’s Candidate Connection survey in 2020. Click here to read the survey answers. Peters was elected to the Senate in 2014. On May 1, 2013, Peters announced he would seek election to the United States Senate seat that was being vacated in 2014 by retiring Michigan Sen. Carl Levin. Peters ran unopposed in the Democratic primary on August 5, 2014, before he defeated Terri Lynn Land (R), Jim Fulner (Libertarian), Richard Matkin (U.S. Taxpayers), and Chris Wahmhoff (Green) in the general election on November 4, 2014. Peters was previously a member of the U.S. House of Representatives representing Michigan’s 9th Congressional District from 2009 to 2013 and Michigan’s 14th Congressional District from 2013 to 2015. He also served as Commissioner of the Michigan Lottery from 2003 to 2007. As of a 2014 analysis of multiple outside rankings, Peters is an average Democratic member of Congress, meaning he will vote with the Democratic Party on the majority of bills. On January 28, 2021, Senate Majority Leader Chuck Schumer (D-N.Y.) appointed Peters to head the Democratic Senatorial Campaign Committee for the 2022 campaign cycle. Peters was born in 1958 in Pontiac, Michigan. After graduating from Alma College in 1980, Peters went on to receive his M.B.A. from the University of Detroit and his J.D. from Wayne State University in 1985 and 1989, respectively. Prior to his political career, Peters worked as a professor and investment banker. He also served in the United States Naval Reserve from 1993 to 2000 and from 2001 to 2005.

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.