Koch Industries Inc. Invests $446,000 in Invesco PLC (IVZ) Stock
Koch Industries Inc. bought a new position in shares of Invesco PLC (NYSE:IVZ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 458,491 shares of the asset manager’s stock, valued at approximately $446,000. Koch Industries Inc. owned about 0.11% of Invesco PLC at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of IVZ. Financial Architects Inc increased its position in Invesco PLC by 54.3% during the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock worth $109,000 after buying an additional 1,082 shares during the last quarter. Global X Management Co. LLC increased its position in Invesco PLC by 29.4% during 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 last quarter. C M Bidwell & Associates Ltd. acquired a new position in Invesco PLC during the second quarter worth $185,000. Gilbert & Cook Inc. acquired a new position in Invesco PLC during the second quarter worth $203,000. Finally, Cornerstone Investment Partners LLC acquired a new position in Invesco PLC during the second quarter worth $206,000. 79.80% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on the stock. Royal Bank Of Canada assumed coverage on shares of Invesco PLC in a research report on Thursday, June 29th. They set an “outperform” rating and a $41.00 target price on the stock. Wells Fargo & Company reissued an “outperform” rating on shares of Invesco PLC in a research report on Sunday, July 30th. BidaskClub downgraded shares of Invesco PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC set a $41.00 target price on shares of Invesco PLC and gave the stock a “buy” rating in a research report on Thursday, August 17th. Finally, Barclays PLC assumed coverage on shares of Invesco PLC in a research report on Friday, September 8th. They set an “overweight” rating and a $38.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. Invesco PLC has a consensus rating of “Buy” and a consensus price target of $38.04.
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Shares of Invesco PLC (NYSE IVZ) traded down 0.042% during midday trading on Monday, hitting $36.135. The stock had a trading volume of 307,253 shares. The company’s 50 day moving average price is $33.92 and its 200-day moving average price is $33.52. The firm has a market capitalization of $14.70 billion, a PE ratio of 16.110 and a beta of 1.80. Invesco PLC has a 1-year low of $27.46 and a 1-year high of $36.84.
Invesco PLC (NYSE:IVZ) last announced its quarterly 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. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The business had revenue of $906.30 million for the quarter, compared to analyst estimates of $891.19 million. During the same quarter in the prior year, the business earned $0.56 EPS. Invesco PLC’s quarterly revenue was up 4.5% on a year-over-year basis. Equities analysts predict that Invesco PLC will post $2.57 earnings per share for the current year.
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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