Midas Management Corp held its stake in Invesco PLC (NYSE:IVZ) during the second quarter, Holdings Channel reports. The firm owned 39,000 shares of the company’s stock at the end of the second quarter. Midas Management Corp’s holdings in Invesco PLC were worth $996,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in IVZ. Nuveen Asset Management LLC raised its stake in Invesco PLC by 39.8% in the first quarter. Nuveen Asset Management LLC now owns 1,141,298 shares of the company’s stock valued at $35,118,000 after buying an additional 325,008 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Invesco PLC during the first quarter valued at $19,524,000. Geode Capital Management LLC raised its stake in Invesco PLC by 0.8% in the first quarter. Geode Capital Management LLC now owns 3,404,695 shares of the company’s stock valued at $104,552,000 after buying an additional 28,583 shares in the last quarter. Forward Management LLC raised its stake in Invesco PLC by 36.3% in the first quarter. Forward Management LLC now owns 23,856 shares of the company’s stock valued at $734,000 after buying an additional 6,358 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its stake in Invesco PLC by 2.5% in the first quarter. Pictet Asset Management Ltd. now owns 228,520 shares of the company’s stock valued at $6,111,000 after buying an additional 5,500 shares in the last quarter. 82.08% of the stock is owned by institutional investors and hedge funds.
Invesco PLC (NYSE:IVZ) traded up 0.07% during trading on Tuesday, reaching $29.59. The company’s stock had a trading volume of 4,255,085 shares. Invesco PLC has a 52 week low of $23.02 and a 52 week high of $35.00. The company has a market cap of $12.13 billion, a P/E ratio of 14.94 and a beta of 1.96. The company’s 50 day moving average price is $30.86 and its 200 day moving average price is $29.63.
Invesco PLC (NYSE:IVZ) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. Invesco PLC had a net margin of 17.27% and a return on equity of 11.35%. The business earned $1.19 billion during the quarter, compared to analysts’ expectations of $853.16 million. During the same quarter in the prior year, the company earned $0.63 EPS. The firm’s quarterly revenue was down 9.8% on a year-over-year basis. On average, equities analysts anticipate that Invesco PLC will post $2.26 earnings per share for the current fiscal year.
Several research firms have recently weighed in on IVZ. Jefferies Group reissued a “buy” rating on shares of Invesco PLC in a research note on Tuesday, September 13th. TheStreet raised Invesco PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, September 7th. Deutsche Bank AG raised their price objective on Invesco PLC from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, September 9th. Zacks Investment Research raised Invesco PLC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Finally, Barclays PLC raised their target price on Invesco PLC from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, October 13th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $36.25.
In related news, Director Edward P. Lawrence sold 1,609 shares of the company’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 completion of the sale, the director now owns 33,848 shares in the company, valued at approximately $1,043,872.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ben F. Johnson III acquired 2,000 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average price of $29.24 per share, with a total value of $58,480.00. Following the transaction, the director now 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 corporate 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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