Cutler Capital Management LLC continued to hold its position in Invesco PLC (NYSE:IVZ) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,000 shares of the company’s stock at the end of the second quarter. Cutler Capital Management LLC’s holdings in Invesco PLC were worth $255,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Invesco PLC during the fourth quarter worth approximately $53,430,000. OLD National Bancorp IN raised its stake in shares of Invesco PLC by 4.6% in the first quarter. OLD National Bancorp IN now owns 12,704 shares of the company’s stock worth $391,000 after buying an additional 557 shares in the last quarter. PGGM Investments raised its stake in shares of Invesco PLC by 2.5% in the first quarter. PGGM Investments now owns 286,500 shares of the company’s stock worth $8,816,000 after buying an additional 6,962 shares in the last quarter. Commonwealth Equity Services Inc raised its stake in shares of Invesco PLC by 11.2% in the first quarter. Commonwealth Equity Services Inc now owns 15,744 shares of the company’s stock worth $484,000 after buying an additional 1,584 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Invesco PLC during the first quarter worth approximately $287,000. Hedge funds and other institutional investors own 82.17% of the company’s stock.
Shares of Invesco PLC (NYSE:IVZ) traded down 0.85% during mid-day trading on Monday, hitting $30.28. The company’s stock had a trading volume of 2,780,244 shares. The stock has a 50-day moving average of $30.53 and a 200-day moving average of $29.56. Invesco PLC has a 12-month low of $23.02 and a 12-month high of $35.00. The company has a market cap of $12.41 billion, a PE ratio of 15.29 and a beta of 1.97.
Invesco PLC (NYSE:IVZ) last released its earnings results on Thursday, July 28th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $853.16 million. Invesco PLC had a return on equity of 11.35% and a net margin of 17.27%. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 earnings per share. On average, equities research analysts forecast that Invesco PLC will post $2.25 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Thursday, August 18th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Tuesday, August 16th. Invesco PLC’s payout ratio is currently 56.57%.
Several equities research analysts have commented on the company. Wells Fargo & Co. restated a “buy” rating on shares of Invesco PLC in a research report on Wednesday, September 21st. Deutsche Bank AG upped their price objective on Invesco PLC from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Citigroup Inc. lowered Invesco PLC from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $38.00 to $27.00 in a research report on Monday, June 27th. Jefferies Group restated a “buy” rating and issued a $35.00 price objective on shares of Invesco PLC in a research report on Monday, June 20th. Finally, Barclays PLC upped their price objective on Invesco PLC from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.85.
In other Invesco PLC news, Director Ben F. Johnson III purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were purchased at an average cost of $29.24 per share, for a total transaction of $58,480.00. Following the completion of the purchase, the director now directly owns 28,653 shares in the company, valued at $837,813.72. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward P. Lawrence sold 1,609 shares of Invesco PLC stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $30.84, for a total value of $49,621.56. Following the completion of the sale, the director now owns 33,848 shares in the company, valued at $1,043,872.32. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.
Invesco PLC Company Profile
Invesco Ltd. (Invesco) is an independent global investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a diverse set of investment vehicles, to help clients achieve their investment objectives. It operates in the investment management segment.
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