Invesco PLC (IVZ) Shares Sold by Profund Advisors LLC

Profund Advisors LLC lessened its holdings in shares of Invesco PLC (NYSE:IVZ) by 30.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,112 shares of the asset manager’s stock after selling 3,922 shares during the quarter. Profund Advisors LLC’s holdings in Invesco PLC were worth $321,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in IVZ. Financial Architects Inc grew its stake in Invesco PLC by 54.3% during the 2nd quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock valued at $109,000 after acquiring an additional 1,082 shares in the last quarter. Global X Management Co. LLC grew its stake in Invesco PLC by 29.4% during the 1st quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock valued at $171,000 after acquiring an additional 1,267 shares in the last quarter. Gilbert & Cook Inc. purchased a new position in Invesco PLC during the 2nd quarter valued at about $203,000. Cornerstone Investment Partners LLC purchased a new position in Invesco PLC during the 2nd quarter valued at about $206,000. Finally, IBM Retirement Fund purchased a new position in Invesco PLC during the 2nd quarter valued at about $210,000. 79.79% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on IVZ shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $39.00 target price on shares of Invesco PLC in a research note on Sunday, July 30th. Jefferies Group LLC reaffirmed a “buy” rating and set a $41.00 target price on shares of Invesco PLC in a research note on Sunday, July 30th. Zacks Investment Research raised Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Tuesday, July 4th. BidaskClub raised Invesco PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, ValuEngine raised Invesco PLC from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $37.46.

Invesco PLC (NYSE IVZ) opened at 35.77 on Friday. Invesco PLC has a one year low of $27.46 and a one year high of $36.84. The firm has a market capitalization of $14.55 billion, a price-to-earnings ratio of 15.95 and a beta of 1.80. The stock’s 50 day moving average price is $33.42 and its 200-day moving average price is $33.27.

Invesco PLC (NYSE:IVZ) last issued its earnings results on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The company had revenue of $906.30 million during the quarter, compared to the consensus estimate of $891.19 million. During the same period in the previous year, the company posted $0.56 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts expect that Invesco PLC will post $2.55 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Invesco PLC (NYSE:IVZ)

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