Financial Counselors Inc. acquired a new stake in Invesco PLC (NYSE:IVZ) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,114 shares of the asset manager’s stock, valued at approximately $215,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Invesco PLC by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 40,096,178 shares of the asset manager’s stock valued at $1,228,146,000 after buying an additional 870,284 shares during the period. BlackRock Inc. boosted its stake in shares of Invesco PLC by 2,611.3% in the 1st quarter. BlackRock Inc. now owns 32,067,091 shares of the asset manager’s stock valued at $982,213,000 after buying an additional 30,884,375 shares during the period. State Street Corp boosted its stake in shares of Invesco PLC by 1.2% in the 1st quarter. State Street Corp now owns 19,457,316 shares of the asset manager’s stock valued at $595,977,000 after buying an additional 240,087 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Invesco PLC by 2.0% in the 1st quarter. JPMorgan Chase & Co. now owns 10,981,317 shares of the asset manager’s stock valued at $336,358,000 after buying an additional 210,558 shares during the period. Finally, Kiltearn Partners LLP boosted its stake in shares of Invesco PLC by 38.5% in the 2nd quarter. Kiltearn Partners LLP now owns 5,765,510 shares of the asset manager’s stock valued at $202,888,000 after buying an additional 1,602,510 shares during the period. Institutional investors and hedge funds own 79.71% of the company’s stock.
Shares of Invesco PLC (NYSE:IVZ) opened at 33.08 on Friday. The stock has a market cap of $13.46 billion, a PE ratio of 14.75 and a beta of 1.80. The firm has a 50-day moving average price of $33.28 and a 200-day moving average price of $32.99. Invesco PLC has a 52 week low of $27.46 and a 52 week high of $36.84.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The firm had revenue of $906.30 million during the quarter, compared to analyst estimates of $891.19 million. During the same quarter last year, the firm earned $0.56 EPS. Invesco PLC’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts forecast that Invesco PLC will post $2.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Tuesday, August 15th. Invesco PLC’s dividend payout ratio is presently 52.02%.
Several equities analysts have recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Invesco PLC in a research note on Monday, July 10th. Jefferies Group LLC lifted their price objective on Invesco PLC from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, July 4th. Zacks Investment Research upgraded Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, July 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $36.00 price objective on shares of Invesco PLC in a research note on Sunday, July 2nd. Finally, Royal Bank Of Canada assumed coverage on Invesco PLC in a research note on Thursday, June 29th. They issued an “outperform” rating and a $41.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $37.38.
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Invesco PLC 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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