Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Invesco PLC (NYSE:IVZ) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,234 shares of the asset manager’s stock after buying an additional 4,142 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Invesco PLC were worth $2,181,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in IVZ. Financial Architects Inc boosted its position in shares of Invesco PLC by 54.3% during the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock valued at $109,000 after buying an additional 1,082 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Invesco PLC during the second quarter valued at $185,000. Gilbert & Cook Inc. purchased a new stake in shares of Invesco PLC during the second quarter valued at $203,000. IBM Retirement Fund purchased a new stake in shares of Invesco PLC during the second quarter valued at $210,000. Finally, Duncker Streett & Co. Inc. boosted its position in shares of Invesco PLC by 0.9% during the second quarter. Duncker Streett & Co. Inc. now owns 6,120 shares of the asset manager’s stock valued at $215,000 after buying an additional 53 shares during the last quarter. 79.87% of the stock is currently owned by institutional investors.
Invesco PLC (NYSE:IVZ) opened at $35.15 on Friday. 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 PLC has a 12 month low of $28.75 and a 12 month high of $37.75. The company has a market capitalization of $14,308.79, a PE ratio of 13.78, a PEG ratio of 1.11 and a beta of 1.81.
Invesco PLC (NYSE:IVZ) last posted its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. Invesco PLC had a return on equity of 13.02% and a net margin of 18.99%. The firm had revenue of $976.60 million for the quarter, compared to the consensus estimate of $940.96 million. During the same quarter last year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. research analysts expect that Invesco PLC will post 2.66 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Tuesday, November 14th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Monday, November 13th. Invesco PLC’s dividend payout ratio (DPR) is currently 50.44%.
In other news, insider Colin Meadows sold 54,215 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total value of $1,952,282.15. Following the transaction, the insider now owns 164,420 shares of the company’s stock, valued at $5,920,764.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by company insiders.
IVZ has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $39.00 price objective on shares of Invesco PLC in a research report on Sunday, July 30th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Invesco PLC in a research report on Sunday, July 30th. Jefferies Group LLC reaffirmed a “buy” rating and set a $41.00 price objective on shares of Invesco PLC in a research report on Sunday, July 30th. BidaskClub cut Invesco PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research downgraded Invesco PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. Invesco PLC presently has a consensus rating of “Buy” and a consensus price target of $38.50.
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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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