Brown Advisory Inc. cut its stake in shares of Invesco PLC (NYSE:IVZ) by 53.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,206 shares of the company’s stock after selling 35,071 shares during the period. Brown Advisory Inc.’s holdings in Invesco PLC were worth $772,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Credit Agricole S A increased its position in shares of Invesco PLC by 7.9% in the first quarter. Credit Agricole S A now owns 82,811 shares of the company’s stock valued at $2,548,000 after buying an additional 6,033 shares during the period. Associated Banc Corp increased its position in shares of Invesco PLC by 0.6% in the first quarter. Associated Banc Corp now owns 69,847 shares of the company’s stock valued at $2,149,000 after buying an additional 446 shares during the period. Wunderlich Capital Managemnt increased its position in shares of Invesco PLC by 1.6% in the first quarter. Wunderlich Capital Managemnt now owns 47,564 shares of the company’s stock valued at $1,464,000 after buying an additional 736 shares during the period. M&T Bank Corp increased its position in shares of Invesco PLC by 13.6% in the first quarter. M&T Bank Corp now owns 744,032 shares of the company’s stock valued at $22,894,000 after buying an additional 89,116 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of Invesco PLC by 243.1% in the first quarter. Bessemer Group Inc. now owns 11,375 shares of the company’s stock valued at $350,000 after buying an additional 8,060 shares during the period. Institutional investors own 82.17% of the company’s stock.
Shares of Invesco PLC (NYSE:IVZ) traded up 0.48% during midday trading on Thursday, hitting $31.13. 374,126 shares of the stock were exchanged. The stock’s 50 day moving average is $30.62 and its 200 day moving average is $29.61. Invesco PLC has a 12-month low of $23.02 and a 12-month high of $35.00. The firm has a market cap of $12.76 billion, a P/E ratio of 15.72 and a beta of 1.97.
Invesco PLC (NYSE:IVZ) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $853.16 million. Invesco PLC had a net margin of 17.27% and a return on equity of 11.35%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS. On average, equities research analysts forecast that Invesco PLC will post $2.26 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Thursday, August 18th were given a $0.28 dividend. The ex-dividend date was Tuesday, August 16th. This represents a $1.12 annualized dividend and a yield of 3.62%. Invesco PLC’s dividend payout ratio is 56.57%.
Several brokerages have weighed in on IVZ. Jefferies Group reiterated a “buy” rating on shares of Invesco PLC in a report on Tuesday, September 13th. TheStreet raised shares of Invesco PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, September 7th. Deutsche Bank AG boosted their price objective on shares of Invesco PLC from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Zacks Investment Research raised shares of Invesco PLC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Finally, Barclays PLC reissued an “overweight” rating and set a $36.00 price objective on shares of Invesco PLC in a research note on Friday, September 23rd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $35.85.
In other Invesco PLC news, Director Edward P. Lawrence sold 1,609 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 33,848 shares in the company, valued at approximately $1,043,872.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ben F. Johnson III purchased 2,000 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was bought at an average price of $29.24 per share, for a total transaction of $58,480.00. Following the completion of the transaction, the director now directly owns 28,653 shares in the company, valued at $837,813.72. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by company insiders.
About Invesco PLC
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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