Quantitative Systematic Strategies LLC lowered its stake in Invesco PLC (NYSE:IVZ) by 17.8% during the second quarter, Holdings Channel reports. The firm owned 41,447 shares of the company’s stock after selling 8,945 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Invesco PLC were worth $1,030,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. FDO Partners LLC bought a new stake in shares of Invesco PLC during the first quarter valued at about $222,000. Genesee Valley Trust Co. increased its stake in shares of Invesco PLC by 0.7% in the second quarter. Genesee Valley Trust Co. now owns 9,067 shares of the company’s stock valued at $232,000 after buying an additional 65 shares during the period. LMR Partners LLP bought a new stake in shares of Invesco PLC during the second quarter valued at about $328,000. Bessemer Group Inc. increased its stake in shares of Invesco PLC by 243.1% in the first quarter. Bessemer Group Inc. now owns 11,375 shares of the company’s stock valued at $350,000 after buying an additional 8,060 shares during the period. Finally, St. Johns Investment Management Company LLC increased its stake in shares of Invesco PLC by 13.3% in the second quarter. St. Johns Investment Management Company LLC now owns 14,131 shares of the company’s stock valued at $361,000 after buying an additional 1,655 shares during the period. Institutional investors and hedge funds own 82.17% of the company’s stock.
Shares of Invesco PLC (NYSE:IVZ) traded down 2.04% on Friday, reaching $31.18. The company’s stock had a trading volume of 4,746,552 shares. The company’s 50-day moving average is $30.90 and its 200 day moving average is $29.66. Invesco PLC has a 12-month low of $23.02 and a 12-month high of $35.00. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 15.75 and a beta of 1.96.
Invesco PLC (NYSE:IVZ) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. Invesco PLC had a return on equity of 11.35% and a net margin of 17.27%. The firm earned $1.19 billion during the quarter, compared to analysts’ expectations of $853.16 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. The company’s revenue was down 9.8% on a year-over-year basis. Equities analysts anticipate that Invesco PLC will post $2.26 earnings per share for the current fiscal year.
Several brokerages recently issued reports on IVZ. Barclays PLC decreased their price target on Invesco PLC from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Deutsche Bank AG reiterated a “buy” rating and set a $35.00 price target on shares of Invesco PLC in a report on Monday, June 27th. Zacks Investment Research downgraded Invesco PLC from a “hold” rating to a “strong sell” rating in a report on Monday, July 11th. 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. Finally, Keefe, Bruyette & Woods upped their price objective on Invesco PLC from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Invesco PLC currently has an average rating of “Buy” and a consensus price target of $35.92.
In other news, Director Edward P. Lawrence sold 1,609 shares of the business’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $30.84, for a total value of $49,621.56. Following the completion of the transaction, the director now owns 33,848 shares in the company, valued at $1,043,872.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ben F. Johnson III purchased 2,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was acquired at an average price of $29.24 per share, with a total value of $58,480.00. Following the purchase, the director now directly owns 28,653 shares of the company’s stock, valued at $837,813.72. The disclosure for this purchase can be found here. 1.90% of the stock is owned by 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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