Quantitative Investment Management LLC acquired a new position in Invesco PLC (NYSE:IVZ) during the second quarter, according to its most recent filing with the SEC. The firm acquired 459,800 shares of the asset manager’s stock, valued at approximately $16,180,000. Quantitative Investment Management LLC owned about 0.11% of Invesco PLC as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position 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 worth $1,228,146,000 after buying an additional 870,284 shares during the last quarter. BlackRock Inc. grew its position 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 worth $982,213,000 after buying an additional 30,884,375 shares during the last quarter. State Street Corp grew its position 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 worth $595,977,000 after buying an additional 240,087 shares during the last quarter. JPMorgan Chase & Co. grew its position 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 worth $336,358,000 after buying an additional 210,558 shares during the last quarter. Finally, Kiltearn Partners LLP grew its position 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 worth $202,888,000 after buying an additional 1,602,510 shares during the last quarter. Hedge funds and other institutional investors own 79.79% of the company’s stock.
IVZ has been the subject of a number of research analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $41.00 target price on shares of Invesco PLC in a research note on Sunday, July 30th. ValuEngine upgraded Invesco PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $39.00 target price on shares of Invesco PLC in a research note on Sunday, July 30th. BidaskClub upgraded Invesco PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Zacks Investment Research cut Invesco PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $37.38.
Shares of Invesco PLC (IVZ) traded down 0.63% on Wednesday, reaching $33.30. The company’s stock had a trading volume of 367,992 shares. The firm has a market capitalization of $13.55 billion, a PE ratio of 14.85 and a beta of 1.80. Invesco PLC has a one year low of $27.46 and a one year high of $36.84. The firm has a 50-day moving average price of $33.22 and a 200 day moving average price of $33.02.
Invesco PLC (NYSE:IVZ) last announced its earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. The business had revenue of $906.30 million for the quarter, compared to analysts’ expectations of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. On average, analysts anticipate that Invesco PLC will post $2.54 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 3.46%. Invesco PLC’s dividend payout ratio is presently 52.02%.
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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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