Creative Planning decreased its stake in shares of Invesco PLC (NYSE:IVZ) by 13.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,759 shares of the asset manager’s stock after selling 5,777 shares during the period. Creative Planning’s holdings in Invesco PLC were worth $1,364,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in 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 in the last quarter. Global X Management Co. LLC boosted its position in Invesco PLC by 29.4% in the first quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock valued at $171,000 after buying an additional 1,267 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new position in Invesco PLC during the second quarter valued at $206,000. Trust Department MB Financial Bank N A boosted its position in Invesco PLC by 100.0% in the second quarter. Trust Department MB Financial Bank N A now owns 6,000 shares of the asset manager’s stock valued at $211,000 after buying an additional 3,000 shares in the last quarter. Finally, Duncker Streett & Co. Inc. boosted its position in Invesco PLC by 110.1% in the first quarter. Duncker Streett & Co. Inc. now owns 6,067 shares of the asset manager’s stock valued at $186,000 after buying an additional 3,180 shares in the last quarter. Institutional investors and hedge funds own 79.83% of the company’s stock.
Shares of Invesco PLC (NYSE IVZ) opened at 36.17 on Tuesday. The company has a market capitalization of $14.72 billion, a price-to-earnings ratio of 16.46 and a beta of 1.81. The company’s 50 day moving average price is $33.32 and its 200-day moving average price is $31.84. Invesco PLC has a 52 week low of $27.07 and a 52 week high of $36.63.
Invesco PLC (NYSE:IVZ) last released its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. Invesco PLC had a return on equity of 12.51% and a net margin of 18.94%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. Analysts anticipate that Invesco PLC will post $2.54 earnings per share for the current fiscal year.
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Several equities analysts have weighed in on the company. Jefferies Group LLC raised their price target on Invesco PLC from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, July 4th. Morgan Stanley reaffirmed an “overweight” rating and issued a $38.00 price objective (up from $36.00) on shares of Invesco PLC in a research note on Monday, July 10th. ValuEngine raised Invesco PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Invesco PLC in a research note on Sunday, July 2nd. Finally, Zacks Investment Research raised 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. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Invesco PLC presently has an average rating of “Buy” and an average price target of $36.96.
In related news, insider Philip Taylor sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $32.40, for a total value of $1,944,000.00. Following the transaction, the insider now directly owns 146,222 shares in the company, valued at $4,737,592.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.
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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