Sigma Planning Corp purchased a new position in Invesco PLC (NYSE:IVZ) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,251 shares of the asset manager’s stock, valued at approximately $254,000.
Other large investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. increased its holdings in Invesco PLC by 7.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,344,769 shares of the asset manager’s stock worth $47,323,000 after buying an additional 87,755 shares during the period. Eaton Vance Management increased its holdings in Invesco PLC by 247.2% in the 2nd quarter. Eaton Vance Management now owns 452,597 shares of the asset manager’s stock worth $15,927,000 after buying an additional 322,230 shares during the period. Wells Fargo & Company MN increased its holdings in Invesco PLC by 17.3% in the 2nd quarter. Wells Fargo & Company MN now owns 1,300,168 shares of the asset manager’s stock worth $45,754,000 after buying an additional 192,018 shares during the period. Vanguard Group Inc. increased its holdings in Invesco PLC by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 41,189,076 shares of the asset manager’s stock worth $1,449,444,000 after buying an additional 1,092,898 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in Invesco PLC by 5,060.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,787,996 shares of the asset manager’s stock worth $98,110,000 after buying an additional 2,733,970 shares during the period. Institutional investors own 80.77% of the company’s stock.
IVZ has been the topic of several research reports. Citigroup Inc. increased their price target on shares of Invesco PLC from $38.50 to $39.50 and gave the stock a “buy” rating in a report on Tuesday, October 3rd. ValuEngine upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Jefferies Group LLC reiterated a “buy” rating and issued a $41.00 price target on shares of Invesco PLC in a report on Sunday, July 30th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $39.00 price target on shares of Invesco PLC in a report on Sunday, July 30th. Finally, Zacks Investment Research raised shares of Invesco PLC from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Invesco PLC has a consensus rating of “Hold” and a consensus price target of $38.50.
Shares of Invesco PLC (NYSE:IVZ) traded up $0.41 during trading hours on Friday, hitting $34.98. The stock had a trading volume of 2,888,351 shares, compared to its average volume of 2,732,994. Invesco PLC has a 52-week low of $28.75 and a 52-week high of $37.75. The stock has a market cap of $14,240.00, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 1.09 and a beta of 1.81. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75.
Invesco PLC (NYSE:IVZ) last announced its earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. Invesco PLC had a return on equity of 13.02% and a net margin of 18.99%. The firm had revenue of $976.60 million for the quarter, compared to analyst estimates of $940.96 million. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue was up 14.3% on a year-over-year basis. analysts forecast that Invesco PLC will post 2.66 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.29 per share. The ex-dividend date is Monday, November 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.32%. Invesco PLC’s dividend payout ratio (DPR) is 50.22%.
About Invesco PLC
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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