Andra AP fonden Sells 7,400 Shares of Invesco PLC (IVZ)
Andra AP fonden lessened its stake in shares of Invesco PLC (NYSE:IVZ) by 13.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,100 shares of the asset manager’s stock after selling 7,400 shares during the period. Andra AP fonden’s holdings in Invesco PLC were worth $1,657,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. increased its stake in Invesco PLC by 138.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 66,216 shares of the asset manager’s stock worth $2,331,000 after acquiring an additional 38,497 shares during the period. Penserra Capital Management LLC increased its stake in Invesco PLC by 60.4% during the 2nd quarter. Penserra Capital Management LLC now owns 9,492 shares of the asset manager’s stock worth $334,000 after acquiring an additional 3,575 shares during the period. Great Lakes Advisors LLC bought a new position in Invesco PLC during the 2nd quarter worth $1,268,000. Usca Ria LLC increased its stake in Invesco PLC by 6.2% during the 2nd quarter. Usca Ria LLC now owns 42,825 shares of the asset manager’s stock worth $1,507,000 after acquiring an additional 2,506 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new position in Invesco PLC during the 2nd quarter worth $260,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.
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A number of equities analysts have commented on IVZ shares. Citigroup Inc. upgraded Invesco PLC from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $37.50 in a research note on Monday, June 5th. Jefferies Group LLC restated a “buy” rating and set a $41.00 price objective on shares of Invesco PLC in a research note on Sunday, July 30th. Morgan Stanley restated an “overweight” rating and set a $38.00 price objective (up previously from $36.00) on shares of Invesco PLC in a research note on Monday, July 10th. BidaskClub lowered Invesco PLC from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Zacks Investment Research upgraded 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $37.29.
Shares of Invesco PLC (NYSE:IVZ) opened at 33.12 on Tuesday. Invesco PLC has a 12-month low of $27.46 and a 12-month high of $36.83. The firm has a market cap of $13.48 billion, a P/E ratio of 14.77 and a beta of 1.80. The company’s 50 day moving average price is $34.29 and its 200 day moving average price is $33.02.
Invesco PLC (NYSE:IVZ) last released its 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 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 firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Equities research analysts forecast that Invesco PLC will post $2.54 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, August 17th were paid a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.16 dividend on an annualized basis and a yield of 3.50%. Invesco PLC’s dividend payout ratio is presently 52.02%.
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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