According to a recent filing with the Securities & Exchange Commission, Diversified Trust Co has acquired a new position in Invesco Ltd. during the second quarter. The firm purchased 17,147 shares of the asset manager’s stock, which were valued at approximately $288,000. This acquisition signals Diversified Trust Co’s confidence in Invesco’s potential for growth and stability.
Invesco recently reported its quarterly earnings results on July 25th. The asset manager fell short of the consensus estimate, reporting earnings per share of $0.31 instead of the expected $0.40. The company generated $1.09 billion in revenue for the quarter, slightly lower than the consensus estimate of $1.11 billion. Although Invesco experienced a decline in revenue of 7.1% compared to the previous year, it maintained a net margin of 15.29% and a return on equity of 7.54%. It should be noted that during the same period last year, Invesco earned $0.39 EPS.
Several brokerages have issued reports on Invesco recently. Citigroup reduced its price target on Invesco from $19.00 to $15.75 and labeled the stock as “neutral.” Royal Bank of Canada raised their price target from $17 to $19 and assigned an “equal weight” rating to Invesco stock while Morgan Stanley reiterated an “equal weight” rating with a target price of $17.
On July 10th, BMO Capital Markets initiated coverage on Invesco and gave it a “market perform” rating along with a target price of $21 per share. However, StockNews.com lowered their rating from “hold” to “sell” on September 15th.
As per Bloomberg data, Invesco currently has an average rating of “Hold,” with one analyst giving it a sell rating, eight analysts assigning a hold rating, and one analyst issuing a buy rating. The average price target for Invesco is estimated to be $18.13.
Given the mixed ratings and recent earnings report, it remains to be seen how Invesco will perform in the coming months. Investors should consider these factors before making any investment decisions relating to Invesco stock.
Surprising Changes in Institutional Investors and Hedge Funds’ Positions in Invesco: Analysis and Future Challenges
In a surprising turn of events, several institutional investors and hedge funds have made significant changes to their positions in the company Invesco. Among them, Raymond James & Associates increased its stake in Invesco by 16.8% during the first quarter, now owning 102,118 shares valued at $2,355,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS also increased its stake by 6.6%, now holding 45,665 shares worth $1,053,000. Blair William & Co. IL followed suit with a 5.3% increase in its stake, now possessing 64,802 shares valued at $1,494,000. Aviva PLC took a considerable leap with an 85.7% increase in its stake during the first quarter and currently owns 47,718 shares worth $1,100,000. Prudential PLC is the latest addition to the list of stakeholders after acquiring a new position valued at $273,000.
It’s worth noting that hedge funds and other institutional investors now own a whopping 66.27% of Invesco’s stock.
When the market opened on Monday morning, IVZ stock stood at $14.52 per share. The firm has experienced fluctuations over time as indicated by its moving averages: a 50-day average of $15.68 and a 200-day average of $16.06. While Invesco Ltd.’s stocks had reached as low as $13.20 in the past year due to various factors in the market such as economic uncertainties and global events like Brexit; they saw an impressive high of $20.56 within that period as well.
In terms of financial statistics and indicators for Invesco Ltd., we find that it possesses a market capitalization of approximately $6.51 billion alongside several other noteworthy figures including but not limited to: a price-to-earnings ratio of 10.30, a PEG ratio of 1.27, and a beta value of 1.40. The company also has a debt-to-equity ratio of 0.71, which may raise questions regarding its financial stability.
Moving on to expert opinions, various brokerages have recently published reports on IVZ. Citigroup, for instance, lowered their price objective from $19.00 to $15.75 and provided a “neutral” rating for the stock in their research note dated September 25th. Conversely, Royal Bank of Canada raised their price objective from $17.00 to $19.00 in a report published on July 21st. Similarly, Morgan Stanley reiterated an “equal weight” rating and set a target price of $17.00 on Invesco’s shares in their analysis issued on July 25th.
Furthermore, BMO Capital Markets had something to say about Invesco as well when they initiated coverage in July with a “market perform” rating along with a target price of $21.00 for the stock. However, StockNews.com took a more pessimistic stance as they downgraded Invesco’s rating from “hold” to “sell” in their report released on September 15th.
Currently, Bloomberg data shows that Invesco has an average rating of “Hold” with an average price target of $18.13 based on various research reports.
On another note, Invesco recently declared its quarterly dividend, which was paid out to investors on September 5th with investors who held the stock until August 11th becoming eligible for the dividend payment of $0.20 per share annually at an impressive yield rate of 5.51%.
In an interesting turn of events related to major shareholders, it was revealed through legal filings with the Securities & Exchange Commission that Invesco Realty Inc., a major shareholder, acquired 2,800,000 shares of Invesco’s stock on September 5th. The acquisition was made at an average price of $25.00 per share, with a total value of $70,000,000.00. As a result of this transaction, Invesco Realty Inc.’s insider now possesses approximately 853,400 shares in the company valued at about $21,335,000. This publicly disclosed purchase could have a significant impact on investor sentiment and market perception.
Taking into account this recent development and the aforementioned adjustments made by institutional investors and hedge funds in their positions within Invesco Ltd., it remains to be seen how these changes will shape the future trajectory of the company. Given the range of opinions from reputable brokerages and analysts along with the current state of global markets, it is clear that Invesco is facing an intricate web of complexities and challenges that may require meticulous strategy and prudent decision-making moving forward.