Invesco PLC (IVZ) Stake Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in shares of Invesco PLC (NYSE:IVZ) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,374,021 shares of the asset manager’s stock after acquiring an additional 88,330 shares during the period. Bank of New York Mellon Corp owned about 2.30% of Invesco PLC worth $328,466,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Architects Inc raised its stake in Invesco PLC by 54.3% in the second 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 in the last quarter. C M Bidwell & Associates Ltd. bought a new position in Invesco PLC in the second quarter worth about $185,000. Gilbert & Cook Inc. bought a new position in Invesco PLC in the second quarter worth about $203,000. IBM Retirement Fund bought a new position in Invesco PLC in the second quarter worth about $210,000. Finally, Financial Counselors Inc. bought a new position in Invesco PLC in the second quarter worth about $215,000. 80.77% of the stock is owned by institutional investors.

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A number of equities research analysts have weighed in on IVZ shares. Barclays PLC started coverage on shares of Invesco PLC in a report on Friday, September 8th. They issued an “overweight” rating and a $38.00 price objective on the stock. Zacks Investment Research upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Wednesday, October 11th. Wells Fargo & Company upped their price objective on shares of Invesco PLC from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, October 11th. UBS AG upped their price objective on shares of Invesco PLC from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $41.00 price objective on shares of Invesco PLC in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Invesco PLC has an average rating of “Hold” and an average price target of $38.50.

Invesco PLC (NYSE IVZ) traded up $0.09 on Friday, reaching $34.57. 2,280,100 shares of the company’s stock traded hands, compared to its average volume of 2,732,245. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. Invesco PLC has a fifty-two week low of $28.75 and a fifty-two week high of $37.75. The company has a market capitalization of $14,036.05, a P/E ratio of 13.52, a PEG ratio of 1.09 and a beta of 1.81.

Invesco PLC (NYSE:IVZ) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05. Invesco PLC had a net margin of 18.99% and a return on equity of 13.02%. The business had revenue of $976.60 million for the quarter, compared to the consensus estimate of $940.96 million. During the same period last year, the firm earned $0.60 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. research analysts expect that Invesco PLC will post 2.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Tuesday, November 14th will be given a $0.29 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.16 annualized dividend and a yield of 3.36%. Invesco PLC’s payout ratio is presently 50.44%.

In other Invesco PLC news, insider Colin Meadows sold 54,215 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total value of $1,952,282.15. Following the transaction, the insider now directly owns 164,420 shares in the company, valued at $5,920,764.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Invesco PLC (NYSE:IVZ)

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