Retirement Systems of Alabama increased its stake in Invesco PLC (NYSE:IVZ) by 12.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,327,328 shares of the company’s stock after buying an additional 145,534 shares during the period. Retirement Systems of Alabama’s holdings in Invesco PLC were worth $33,900,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. FDO Partners LLC bought a new position in Invesco PLC during the first quarter valued at about $222,000. Genesee Valley Trust Co. raised its position in 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 last quarter. Mn Services Vermogensbeheer B.V. bought a new position in Invesco PLC during the first quarter valued at about $287,000. Bessemer Group Inc. raised its position in 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 last quarter. Finally, St. Johns Investment Management Company LLC raised its position in 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 last quarter. Institutional investors own 82.17% of the company’s stock.
Invesco PLC (NYSE:IVZ) traded down 1.80% during trading on Friday, reaching $30.54. The company’s stock had a trading volume of 2,207,095 shares. The company’s 50-day moving average is $30.48 and its 200-day moving average is $29.55. Invesco PLC has a 12 month low of $23.02 and a 12 month high of $35.00. The stock has a market cap of $12.52 billion, a PE ratio of 15.42 and a beta of 1.97.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company earned $1.19 billion during the quarter, compared to the consensus estimate of $853.16 million. During the same period last year, the company earned $0.63 earnings per share. The firm’s revenue was down 9.8% compared to the same quarter last year. Equities analysts expect that Invesco PLC will post $2.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Thursday, August 18th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.67%. Invesco PLC’s dividend payout ratio (DPR) is 56.57%.
IVZ has been the subject of several analyst reports. Deutsche Bank AG boosted their target price on Invesco PLC from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, July 18th. Jefferies Group restated a “buy” rating and set a $35.00 target price on shares of Invesco PLC in a research report on Monday, June 20th. Wells Fargo & Co. restated a “buy” rating on shares of Invesco PLC in a research report on Wednesday, June 8th. Finally, Barclays PLC set a $36.00 target price on Invesco PLC and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $35.75.
In related news, Director Ben F. Johnson III acquired 2,000 shares of the stock in a transaction dated Monday, August 1st. The stock was bought at an average cost of $29.24 per share, for a total transaction of $58,480.00. Following the completion of the transaction, the director now directly owns 28,653 shares of the company’s stock, valued at $837,813.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward P. Lawrence sold 1,609 shares of the firm’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $30.84, for a total value of $49,621.56. Following the transaction, the director now owns 33,848 shares of the company’s stock, valued at $1,043,872.32. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Invesco PLC Company Profile
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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