Raymond James Financial Services Advisors Inc. lessened its stake in Invesco PLC (NYSE:IVZ) by 14.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,163 shares of the asset manager’s stock after selling 2,699 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Invesco were worth $566,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Invesco by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 41,189,076 shares of the asset manager’s stock valued at $1,449,444,000 after acquiring an additional 1,092,898 shares in the last quarter. Kiltearn Partners LLP lifted its holdings in shares of Invesco by 38.5% during the 2nd quarter. Kiltearn Partners LLP now owns 5,765,510 shares of the asset manager’s stock valued at $202,888,000 after acquiring an additional 1,602,510 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Invesco by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,270,525 shares of the asset manager’s stock valued at $115,090,000 after acquiring an additional 222,421 shares in the last quarter. FMR LLC lifted its holdings in shares of Invesco by 137.5% during the 2nd quarter. FMR LLC now owns 2,959,243 shares of the asset manager’s stock valued at $104,135,000 after acquiring an additional 1,713,338 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Invesco by 5,060.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,787,996 shares of the asset manager’s stock worth $98,110,000 after buying an additional 2,733,970 shares during the period. Institutional investors own 81.38% of the company’s stock.
IVZ has been the topic of several analyst reports. Jefferies Group set a $41.00 price target on shares of Invesco and gave the stock a “buy” rating in a research note on Thursday, August 17th. BidaskClub downgraded shares of Invesco from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. ValuEngine downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Barclays initiated coverage on shares of Invesco in a research note on Friday, September 8th. They set an “overweight” rating and a $38.00 price target on the stock. Finally, Goldman Sachs Group downgraded shares of Invesco from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $36.00 in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $38.50.
Invesco PLC (NYSE:IVZ) traded down $0.25 on Wednesday, hitting $36.63. 1,550,300 shares of the stock traded hands, compared to its average volume of 2,720,938. The company has a market cap of $15,013.04, a P/E ratio of 14.46, a P/E/G ratio of 1.16 and a beta of 1.81. Invesco PLC has a one year low of $28.75 and a one year high of $37.75. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.50 and a quick ratio of 1.50.
Invesco (NYSE:IVZ) last released its earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05. The company had revenue of $976.60 million during the quarter, compared to the consensus estimate of $940.96 million. Invesco had a net margin of 18.99% and a return on equity of 13.02%. The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 EPS. sell-side analysts expect that Invesco PLC will post 2.66 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Tuesday, November 14th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Monday, November 13th. Invesco’s payout ratio is currently 50.44%.
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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