Westpac Banking Corp continued to hold its position in shares of Invesco PLC (NYSE:IVZ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,451 shares of the asset manager’s stock at the end of the second quarter. Westpac Banking Corp’s holdings in Invesco PLC were worth $896,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of IVZ. BlackRock Inc. grew its holdings in Invesco PLC by 2,611.3% during the 1st quarter. BlackRock Inc. now owns 32,067,091 shares of the asset manager’s stock worth $982,213,000 after acquiring an additional 30,884,375 shares in the last quarter. Kiltearn Partners LLP acquired a new position in shares of Invesco PLC in the 1st quarter valued at $127,513,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Invesco PLC in the 1st quarter valued at $32,285,000. Vanguard Group Inc. boosted its holdings in shares of Invesco PLC by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 40,096,178 shares of the asset manager’s stock valued at $1,228,146,000 after buying an additional 870,284 shares in the last quarter. Finally, TCW Group Inc. boosted its holdings in shares of Invesco PLC by 234.8% in the 1st quarter. TCW Group Inc. now owns 1,218,211 shares of the asset manager’s stock valued at $37,314,000 after buying an additional 854,394 shares in the last quarter. Institutional investors own 79.71% of the company’s stock.
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Shares of Invesco PLC (IVZ) opened at 31.69 on Monday. Invesco PLC has a 52-week low of $27.46 and a 52-week high of $36.83. The company has a 50-day moving average of $33.76 and a 200 day moving average of $33.01. The stock has a market cap of $12.89 billion, a P/E ratio of 14.13 and a beta of 1.80.
Invesco PLC (NYSE:IVZ) last released its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $906.30 million during the quarter, compared to the consensus estimate of $891.19 million. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 earnings per share. Equities research analysts forecast that Invesco PLC will post $2.54 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Tuesday, August 15th. Invesco PLC’s dividend payout ratio is presently 52.02%.
IVZ has been the subject of several research analyst reports. Jefferies Group LLC upped their target price on shares of Invesco PLC from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, July 4th. ValuEngine cut shares of Invesco PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub cut shares of Invesco PLC from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Wells Fargo & Company restated an “outperform” rating on shares of Invesco PLC in a report on Sunday, July 30th. Finally, Morgan Stanley restated an “overweight” rating and issued a $38.00 target price (up previously from $36.00) on shares of Invesco PLC in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.38.
Invesco PLC Profile
Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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