Pegasus Partners Ltd. raised its stake in Invesco PLC (NYSE:IVZ) by 260.2% during the second quarter, Holdings Channel reports. The fund owned 165,870 shares of the asset manager’s stock after buying an additional 119,820 shares during the period. Invesco PLC makes up approximately 1.6% of Pegasus Partners Ltd.’s portfolio, making the stock its 7th largest position. Pegasus Partners Ltd.’s holdings in Invesco PLC were worth $5,837,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in IVZ. 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 valued at $215,000 after buying an additional 53 shares during the last quarter. IFC Holdings Incorporated FL boosted its position in shares of Invesco PLC by 0.7% in the second quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock valued at $428,000 after buying an additional 90 shares during the last quarter. Huntington National Bank boosted its position in shares of Invesco PLC by 0.7% in the second quarter. Huntington National Bank now owns 14,321 shares of the asset manager’s stock valued at $504,000 after buying an additional 103 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Invesco PLC by 5.9% in the first quarter. IFP Advisors Inc now owns 3,950 shares of the asset manager’s stock valued at $121,000 after buying an additional 221 shares during the last quarter. Finally, Bank of Nova Scotia boosted its position in shares of Invesco PLC by 2.9% in the first quarter. Bank of Nova Scotia now owns 9,586 shares of the asset manager’s stock valued at $294,000 after buying an additional 270 shares during the last quarter. Institutional investors and hedge funds own 79.20% of the company’s stock.
Shares of Invesco PLC (NYSE:IVZ) opened at 32.77 on Friday. The firm has a market cap of $13.33 billion, a PE ratio of 14.61 and a beta of 1.80. Invesco PLC has a 52 week low of $27.46 and a 52 week high of $36.84. The firm has a 50-day moving average of $35.16 and a 200-day moving average of $32.84.
Invesco PLC (NYSE:IVZ) last posted its earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The firm had revenue of $906.30 million during the quarter, compared to analyst estimates of $891.19 million. During the same quarter in the prior year, the business posted $0.56 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. On average, analysts expect that Invesco PLC will post $2.54 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be paid a $0.29 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 3.54%. Invesco PLC’s payout ratio is 52.02%.
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Several brokerages recently commented on IVZ. Royal Bank Of Canada began coverage on shares of Invesco PLC in a report on Thursday, June 29th. They set an “outperform” rating and a $41.00 target price for the company. Jefferies Group LLC restated a “buy” rating and set a $35.00 target price on shares of Invesco PLC in a report on Wednesday, May 17th. Wells Fargo & Company restated an “outperform” rating on shares of Invesco PLC in a report on Sunday, July 30th. BidaskClub cut shares of Invesco PLC from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $39.00 target price on shares of Invesco PLC in a report on Sunday, July 30th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Invesco PLC has a consensus rating of “Buy” and an average target price of $37.29.
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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