Amalgamated Bank cut its stake in Invesco PLC (NYSE:IVZ) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,217 shares of the asset manager’s stock after selling 865 shares during the period. Amalgamated Bank’s holdings in Invesco PLC were worth $895,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. IFP Advisors Inc increased 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 in the last quarter. Bessemer Group Inc. raised its stake in shares of Invesco PLC by 99.8% in the fourth quarter. Bessemer Group Inc. now owns 5,110 shares of the asset manager’s stock valued at $155,000 after buying an additional 2,552 shares during the last quarter. Global X Management Co. LLC raised its stake in shares of 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 during the last quarter. Duncker Streett & Co. Inc. raised its stake in shares of 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 during the last quarter. Finally, Americafirst Capital Management LLC purchased a new stake in shares of Invesco PLC during the first quarter valued at $188,000. 79.83% of the stock is currently owned by institutional investors.
Shares of Invesco PLC (NYSE IVZ) opened at 35.94 on Wednesday. The company has a market cap of $14.62 billion, a P/E ratio of 16.35 and a beta of 1.81. Invesco PLC has a 12-month low of $27.46 and a 12-month high of $36.63. The company has a 50-day moving average price of $34.72 and a 200-day moving average price of $32.25.
Invesco PLC (NYSE:IVZ) last posted its quarterly earnings results on Thursday, April 27th. The asset manager reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.05. Invesco PLC had a net margin of 18.94% and a return on equity of 12.51%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts predict that Invesco PLC will post $2.54 earnings per share for the current year.
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Several brokerages have recently weighed in on IVZ. Royal Bank Of Canada began coverage on Invesco PLC in a report on Thursday, June 29th. They set an “outperform” rating and a $41.00 price objective on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $35.00 price target on shares of Invesco PLC in a research note on Wednesday, May 17th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $36.00 price target on shares of Invesco PLC in a research note on Sunday, July 2nd. ValuEngine lowered Invesco PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock 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 assigned a strong buy rating to the stock. Invesco PLC currently has a consensus rating of “Buy” and a consensus target price of $36.96.
In other news, insider Philip Taylor sold 60,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $32.40, for a total transaction of $1,944,000.00. Following the sale, the insider now owns 146,222 shares in the company, valued at $4,737,592.80. The transaction was disclosed in a filing with the SEC, which is available at this link. 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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