Adell Harriman & Carpenter Inc. boosted its holdings in shares of Invesco PLC (NYSE:IVZ) by 11.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,000 shares of the asset manager’s stock after purchasing an additional 5,600 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Invesco PLC were worth $1,857,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Capstone Asset Management Co. lifted its position in shares of Invesco PLC by 1.5% in the second quarter. Capstone Asset Management Co. now owns 31,632 shares of the asset manager’s stock valued at $1,113,000 after acquiring an additional 467 shares in the last quarter. NN Investment Partners Holdings N.V. lifted its position in shares of Invesco PLC by 428.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 15,396 shares of the asset manager’s stock valued at $542,000 after acquiring an additional 12,483 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Invesco PLC by 11.1% in the second quarter. State of Alaska Department of Revenue now owns 7,380 shares of the asset manager’s stock valued at $259,000 after acquiring an additional 740 shares in the last quarter. Chevy Chase Trust Holdings Inc. lifted its position in shares of Invesco PLC by 0.8% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 350,505 shares of the asset manager’s stock valued at $12,334,000 after acquiring an additional 2,613 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its position in shares of Invesco PLC by 502.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 65,687 shares of the asset manager’s stock valued at $2,312,000 after acquiring an additional 54,792 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.
Invesco PLC (NYSE:IVZ) traded down $0.34 during mid-day trading on Tuesday, reaching $34.52. The company’s stock had a trading volume of 1,896,600 shares, compared to its average volume of 2,727,849. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market capitalization of $14,308.79, a PE ratio of 13.78, a price-to-earnings-growth ratio of 1.11 and a beta of 1.81. Invesco PLC has a one year low of $28.75 and a one year high of $37.75.
Invesco PLC (NYSE:IVZ) last posted its earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.05. The company had revenue of $976.60 million during the quarter, compared to analysts’ expectations of $940.96 million. Invesco PLC had a return on equity of 13.02% and a net margin of 18.99%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. analysts predict that Invesco PLC will post 2.66 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.16 annualized dividend and a yield of 3.36%. Invesco PLC’s dividend payout ratio (DPR) is 50.44%.
In other Invesco PLC news, insider Colin Meadows sold 54,215 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total transaction of $1,952,282.15. Following the completion of the sale, the insider now owns 164,420 shares of the company’s stock, valued at $5,920,764.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.
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Several equities analysts have recently weighed in on IVZ shares. Zacks Investment Research downgraded Invesco PLC from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $39.00 target price on shares of Invesco PLC in a research report on Tuesday, October 3rd. Wells Fargo & Company raised their target price on Invesco PLC from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, October 11th. Goldman Sachs Group, Inc. (The) downgraded Invesco PLC from a “buy” rating to a “neutral” rating and decreased their target price for the company from $38.00 to $36.00 in a research report on Thursday, September 28th. Finally, ValuEngine downgraded Invesco PLC from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Invesco PLC presently has an average rating of “Hold” and an average price target of $38.50.
About Invesco PLC
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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