The Senior Managing Director of Invesco (NYSE: IVZ) is Selling Shares

Yesterday, the Senior Managing Director of Invesco (IVZResearch Report), Tak Shing Lo, sold shares of IVZ for $3.74M.

In addition to Tak Shing Lo, 3 other IVZ executives reported Sell trades in the last month.

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Based on Invesco’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.72 billion and quarterly net profit of $428 million. In comparison, last year the company earned revenue of $1.42 billion and had a net profit of $99.7 million. The company has a one-year high of $29.71 and a one-year low of $9.93. IVZ’s market cap is $11.52 billion and the company has a P/E ratio of 11.00.

Based on 7 analyst ratings, the analyst consensus is Hold with an average price target of $31.29, reflecting a -19.0% downside.

The insider sentiment on Invesco has been negative according to 116 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Invesco Ltd. engages as an independent global investment management firm. It operates through Investment Management segment. The firm offers a range of single-country, regional, and global capabilities across major equity, fixed income and alternative asset classes, delivered through a diverse set of investment vehicles. The company was founded in December 1935 and is headquartered in Atlanta, GA.