Alps Advisors Inc. raised its stake in Invesco PLC (NYSE:IVZ) by 27.1% during the second quarter, Holdings Channel reports. The firm owned 925,205 shares of the company’s stock after buying an additional 197,102 shares during the period. Alps Advisors Inc.’s holdings in Invesco PLC were worth $23,630,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Nuveen Asset Management LLC increased its stake in shares of Invesco PLC by 39.8% in the first quarter. Nuveen Asset Management LLC now owns 1,141,298 shares of the company’s stock valued at $35,118,000 after buying an additional 325,008 shares during the period. Retirement Systems of Alabama increased its stake in shares of Invesco PLC by 12.3% in the second quarter. Retirement Systems of Alabama now owns 1,327,328 shares of the company’s stock worth $33,900,000 after buying an additional 145,534 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Invesco PLC by 0.8% in the first quarter. Geode Capital Management LLC now owns 3,404,695 shares of the company’s stock worth $104,552,000 after buying an additional 28,583 shares during the last quarter. OLD National Bancorp IN increased its stake in shares of Invesco PLC by 4.6% in the first quarter. OLD National Bancorp IN now owns 12,704 shares of the company’s stock worth $391,000 after buying an additional 557 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Invesco PLC during the first quarter worth approximately $19,524,000. Institutional investors and hedge funds own 82.17% of the company’s stock.
Invesco PLC (NYSE:IVZ) traded up 1.42% during mid-day trading on Tuesday, reaching $30.71. 2,341,580 shares of the company’s stock traded hands. The company has a 50-day moving average of $30.55 and a 200-day moving average of $29.59. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 15.51 and a beta of 1.97. Invesco PLC has a 52-week low of $23.02 and a 52-week high of $35.00.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The business earned $1.19 billion during the quarter, compared to the consensus estimate of $853.16 million. Invesco PLC had a net margin of 17.27% and a return on equity of 11.35%. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 EPS. Equities research analysts expect that Invesco PLC will post $2.25 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Thursday, August 18th were given a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $1.12 annualized dividend and a dividend yield of 3.65%. Invesco PLC’s dividend payout ratio (DPR) is presently 56.57%.
IVZ has been the subject of a number of recent analyst reports. Wells Fargo & Co. restated a “buy” rating on shares of Invesco PLC in a research report on Wednesday, September 21st. Deutsche Bank AG raised their price objective on shares of Invesco PLC from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Citigroup Inc. downgraded shares of Invesco PLC from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $38.00 to $27.00 in a research report on Monday, June 27th. Jefferies Group restated a “buy” rating and issued a $35.00 price objective on shares of Invesco PLC in a research report on Monday, June 20th. Finally, Bank of America Corp. restated a “buy” rating and issued a $37.00 price objective on shares of Invesco PLC in a research report on Monday. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $35.85.
In related news, Director Ben F. Johnson III acquired 2,000 shares of the company’s stock in a transaction on Monday, August 1st. The shares were purchased at an average price of $29.24 per share, for a total transaction of $58,480.00. Following the purchase, the director now owns 28,653 shares in the company, valued at $837,813.72. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Edward P. Lawrence sold 1,609 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $30.84, for a total transaction of $49,621.56. Following the completion of the transaction, the director now owns 33,848 shares in the company, valued at approximately $1,043,872.32. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.
About Invesco PLC
Invesco Ltd. (Invesco) is an independent global investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a diverse set of investment vehicles, to help clients achieve their investment objectives. It operates in the investment management segment.
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