Aperio Group LLC boosted its position in Invesco PLC (NYSE:IVZ) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,224 shares of the asset manager’s stock after buying an additional 13,180 shares during the period. Aperio Group LLC’s holdings in Invesco PLC were worth $6,483,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc raised its stake 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 worth $121,000 after buying an additional 221 shares during the last quarter. Global X Management Co. LLC boosted its position 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 worth $171,000 after buying an additional 1,267 shares during the period. Cornerstone Investment Partners LLC bought a new position in shares of Invesco PLC during the second quarter worth about $206,000. Trust Department MB Financial Bank N A boosted its position in shares of 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 worth $211,000 after buying an additional 3,000 shares during the period. Finally, Duncker Streett & Co. Inc. boosted its position 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 worth $186,000 after buying an additional 3,180 shares during the period. Hedge funds and other institutional investors own 79.20% of the company’s stock.
Invesco PLC (NYSE:IVZ) opened at 33.66 on Thursday. Invesco PLC has a 52-week low of $27.46 and a 52-week high of $36.84. The firm has a market cap of $13.70 billion, a price-to-earnings ratio of 15.01 and a beta of 1.80. The firm’s 50 day moving average price is $35.24 and its 200 day moving average price is $32.84.
Invesco PLC (NYSE:IVZ) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. The firm had revenue of $906.30 million during the quarter, compared to analyst estimates of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. Invesco PLC’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 EPS. Equities research analysts anticipate that Invesco PLC will post $2.54 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be paid a $0.29 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 3.45%. Invesco PLC’s dividend payout ratio (DPR) is 52.02%.
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IVZ has been the topic of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on Invesco PLC in a report on Thursday, June 29th. They set an “outperform” rating and a $41.00 target price on the stock. Zacks Investment Research upgraded Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Tuesday, July 4th. Jefferies Group LLC restated a “buy” rating and set a $35.00 target price on shares of Invesco PLC in a report on Wednesday, May 17th. Citigroup Inc. upgraded Invesco PLC from a “neutral” rating to a “buy” rating and raised their target price for the stock from $35.00 to $37.50 in a report on Monday, June 5th. Finally, ValuEngine cut Invesco PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $37.29.
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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