Aberdeen Asset Management PLC UK lifted its holdings in shares of Invesco PLC (NYSE:IVZ) by 16.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,848 shares of the asset manager’s stock after buying an additional 16,192 shares during the quarter. Aberdeen Asset Management PLC UK’s holdings in Invesco PLC were worth $4,077,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Financial Architects Inc raised its stake in shares of Invesco PLC by 54.3% during the 2nd 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 period. Global X Management Co. LLC raised its stake in shares of 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 worth $171,000 after buying an additional 1,267 shares during the period. Gilbert & Cook Inc. acquired a new position in shares of Invesco PLC during the 2nd quarter worth approximately $203,000. Cornerstone Investment Partners LLC acquired a new position in shares of Invesco PLC during the 2nd quarter worth approximately $206,000. Finally, IBM Retirement Fund acquired a new position in shares of Invesco PLC during the 2nd quarter worth approximately $210,000. 79.71% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on IVZ. Royal Bank Of Canada began coverage on Invesco PLC in a research note on Thursday, June 29th. They issued an “outperform” rating and a $41.00 price objective for the company. Zacks Investment Research raised Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, July 4th. Citigroup Inc. raised Invesco PLC from a “neutral” rating to a “buy” rating and increased their price objective for the company from $35.00 to $37.50 in a research note on Monday, June 5th. ValuEngine downgraded Invesco PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $38.00 price objective (up from $36.00) on shares of Invesco PLC in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $37.38.
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Shares of Invesco PLC (NYSE:IVZ) opened at 33.08 on Friday. Invesco PLC has a one year low of $27.46 and a one year high of $36.84. The stock has a market capitalization of $13.46 billion, a PE ratio of 14.75 and a beta of 1.80. The firm has a 50-day moving average price of $33.28 and a 200 day moving average price of $32.99.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 earnings per share (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 analysts’ expectations 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 previous year, the firm posted $0.56 earnings per share. On average, equities analysts expect that Invesco PLC will post $2.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were issued 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 dividend yield of 3.51%. Invesco PLC’s dividend payout ratio (DPR) is 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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