Daiwa Securities Group Inc. lifted its holdings in Invesco PLC (NYSE:IVZ) by 46.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,079 shares of the asset manager’s stock after buying an additional 5,379 shares during the period. Daiwa Securities Group Inc.’s holdings in Invesco PLC were worth $598,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of IVZ. Financial Architects Inc boosted its position in shares of Invesco PLC by 54.3% in the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock worth $109,000 after buying an additional 1,082 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in shares of Invesco PLC in the second quarter worth $185,000. Gilbert & Cook Inc. acquired a new stake in shares of Invesco PLC in the second quarter worth $203,000. IBM Retirement Fund acquired a new stake in shares of Invesco PLC in the second quarter worth $210,000. Finally, Duncker Streett & Co. Inc. boosted its position in shares of Invesco PLC by 0.9% in the second quarter. Duncker Streett & Co. Inc. now owns 6,120 shares of the asset manager’s stock worth $215,000 after buying an additional 53 shares during the period. 80.77% of the stock is owned by institutional investors and hedge funds.
In other news, insider Colin Meadows sold 54,215 shares of Invesco PLC stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total value of $1,952,282.15. Following the transaction, the insider now directly owns 164,420 shares in the company, valued at $5,920,764.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.
Invesco PLC (IVZ) opened at $34.52 on Tuesday. Invesco PLC has a 1-year low of $28.75 and a 1-year high of $37.75. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75. 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 (NYSE:IVZ) last posted its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The business had revenue of $976.60 million for the quarter, compared to analyst estimates of $940.96 million. Invesco PLC had a return on equity of 13.02% and a net margin of 18.99%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. equities research analysts anticipate that Invesco PLC will post 2.66 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Tuesday, November 14th will be paid a $0.29 dividend. The ex-dividend date is Monday, November 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.36%. Invesco PLC’s payout ratio is presently 50.44%.
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Several analysts recently issued reports on the company. Citigroup Inc. increased their price objective on Invesco PLC from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $41.00 price objective on shares of Invesco PLC in a report on Friday, October 27th. Zacks Investment Research lowered Invesco PLC from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Wells Fargo & Company increased their price objective on Invesco PLC from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, October 11th. Finally, Jefferies Group LLC increased their price objective on Invesco PLC from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Invesco PLC presently has an average rating of “Hold” and a consensus target price of $38.50.
Invesco PLC Company 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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