LMR Partners LLP purchased a new stake in Invesco PLC (NYSE:IVZ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,854 shares of the company’s stock, valued at approximately $328,000.
A number of other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Invesco PLC by 129.7% in the second quarter. American Century Companies Inc. now owns 4,519,350 shares of the company’s stock valued at $115,424,000 after buying an additional 2,551,675 shares during the last quarter. UBS Group AG increased its stake in Invesco PLC by 13.6% in the first quarter. UBS Group AG now owns 14,334,235 shares of the company’s stock worth $441,064,000 after buying an additional 1,716,501 shares during the period. Renaissance Technologies LLC acquired a new stake in Invesco PLC during the first quarter worth $19,524,000. Bank of Montreal Can acquired a new stake in Invesco PLC during the second quarter worth $15,884,000. Finally, BB&T Securities LLC increased its stake in Invesco PLC by 48.3% in the first quarter. BB&T Securities LLC now owns 1,414,708 shares of the company’s stock worth $43,530,000 after buying an additional 460,989 shares during the period. Institutional investors and hedge funds own 82.18% of the company’s stock.
Invesco PLC (NYSE:IVZ) traded down 1.59% during midday trading on Thursday, reaching $30.31. 2,373,994 shares of the company were exchanged. The firm has a 50-day moving average price of $30.97 and a 200-day moving average price of $29.67. Invesco PLC has a 52 week low of $23.02 and a 52 week high of $35.00. The company has a market capitalization of $12.42 billion, a PE ratio of 15.31 and a beta of 1.96.
Invesco PLC (NYSE:IVZ) last issued its earnings results on Thursday, July 28th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Invesco PLC had a net margin of 17.27% and a return on equity of 11.35%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $853.16 million. During the same period in the previous year, the firm earned $0.63 earnings per share. Invesco PLC’s quarterly revenue was down 9.8% compared to the same quarter last year. Equities research analysts anticipate that Invesco PLC will post $2.26 earnings per share for the current fiscal year.
IVZ has been the topic of a number of research reports. Bank of America Corp. restated a “buy” rating and issued a $37.00 target price on shares of Invesco PLC in a report on Monday, September 26th. Wells Fargo & Co. restated a “buy” rating on shares of Invesco PLC in a report on Wednesday, September 21st. Citigroup Inc. downgraded shares of Invesco PLC from a “buy” rating to a “neutral” rating and cut their price target for the company from $38.00 to $27.00 in a report on Monday, June 27th. JPMorgan Chase & Co. upped their price target on shares of Invesco PLC from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Finally, Jefferies Group reiterated a “buy” rating and set a $35.00 price target on shares of Invesco PLC in a report on Monday, June 20th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $36.42.
In other news, Director Ben F. Johnson III bought 2,000 shares of Invesco PLC stock in a transaction on Monday, August 1st. The shares were bought at an average cost of $29.24 per share, with a total value of $58,480.00. Following the completion of the purchase, the director now directly owns 28,653 shares of the company’s stock, valued at $837,813.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward P. Lawrence sold 1,609 shares of Invesco PLC stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $30.84, for a total transaction of $49,621.56. Following the transaction, the director now directly owns 33,848 shares in the company, valued at $1,043,872.32. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
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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