Sen. Gary C. Peters Sells Off Shares of Invesco Ltd. (NYSE:IVZ)

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 Price Performance

Shares of IVZ traded down $0.07 on Friday, reaching $17.67. The stock had a trading volume of 2,608,009 shares, compared to its average volume of 4,198,960. The firm has a 50-day moving average of $17.45 and a 200 day moving average of $16.37. The firm has a market capitalization of $7.94 billion, a PE ratio of -19.28, a PEG ratio of 1.02 and a beta of 1.44. Invesco Ltd. has a twelve month low of $13.53 and a twelve month high of $18.94. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The company's revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. Sell-side analysts expect that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be issued 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 dividend payout ratio (DPR) is currently -89.13%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IVZ. Massachusetts Mutual Life Insurance Co. acquired a new position in shares of Invesco during the third quarter worth $1,428,196,000. Dimensional Fund Advisors LP grew its position in Invesco by 22.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager's stock valued at $270,540,000 after purchasing an additional 3,349,069 shares during the period. Swedbank AB acquired a new position in Invesco during the 1st quarter valued at about $41,475,000. Azora Capital LP purchased a new stake in Invesco in the 3rd quarter valued at $27,289,000. Finally, Ossiam lifted its position in shares of Invesco by 2,712.9% during the first quarter. Ossiam now owns 680,157 shares of the asset manager's stock valued at $11,284,000 after purchasing an additional 655,977 shares in the last quarter. Institutional investors own 66.09% of the company's stock.

Wall Street Analysts Forecast Growth

IVZ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Invesco from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. StockNews.com raised shares of Invesco from a "sell" rating to a "hold" rating in a research report on Friday, October 18th. Royal Bank of Canada boosted their price objective on Invesco from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Wednesday, October 23rd. Evercore ISI raised their price objective on Invesco from $19.00 to $20.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Invesco from $18.00 to $19.00 and gave the stock a "hold" rating in a report on Monday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average 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.

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.