NN Investment Partners Holdings N.V. raised its position in shares of Invesco PLC (NYSE:IVZ) by 428.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,396 shares of the asset manager’s stock after buying an additional 12,483 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Invesco PLC were worth $542,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. IFP Advisors Inc raised 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. Global X Management Co. LLC raised 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 worth $171,000 after buying an additional 1,267 shares in the last quarter. Cornerstone Investment Partners LLC bought a new position in Invesco PLC during the second quarter worth about $206,000. Duncker Streett & Co. Inc. raised 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 worth $186,000 after buying an additional 3,180 shares in the last quarter. Finally, Americafirst Capital Management LLC bought a new position in Invesco PLC during the first quarter worth about $188,000. Hedge funds and other institutional investors own 79.80% of the company’s stock.
Shares of Invesco PLC (IVZ) opened at 33.99 on Friday. The firm has a market cap of $13.83 billion, a PE ratio of 15.15 and a beta of 1.80. The firm has a 50 day moving average price of $35.33 and a 200-day moving average price of $32.75. Invesco PLC has a 12 month low of $27.46 and a 12 month high of $36.84.
Invesco PLC (NYSE:IVZ) last announced its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. The company had revenue of $906.30 million for the quarter, compared to analysts’ expectations of $891.19 million. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. Invesco PLC’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 EPS. On average, analysts predict that Invesco PLC will post $2.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Tuesday, August 15th. Invesco PLC’s dividend payout ratio is presently 52.02%.
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IVZ has been the topic of several recent analyst reports. Jefferies Group LLC lifted their target price on Invesco PLC from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, April 17th. 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 on the stock. Zacks Investment Research raised Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Tuesday, July 4th. Citigroup Inc. raised Invesco PLC from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $35.00 to $37.50 in a research note on Monday, June 5th. Finally, ValuEngine downgraded Invesco PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus 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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