Knights of Columbus Asset Advisors LLC lessened its stake in Invesco PLC (NYSE:IVZ) by 25.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,700 shares of the asset manager’s stock after selling 6,300 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Invesco PLC were worth $655,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of IVZ. Flinton Capital Management LLC boosted its holdings in Invesco PLC by 0.8% in the 2nd quarter. Flinton Capital Management LLC now owns 10,368 shares of the asset manager’s stock valued at $365,000 after purchasing an additional 80 shares in the last quarter. IFC Holdings Incorporated FL boosted its holdings in Invesco PLC by 0.7% in the 2nd quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock valued at $428,000 after purchasing an additional 90 shares in the last quarter. Huntington National Bank boosted its holdings in Invesco PLC by 0.7% in the 2nd quarter. Huntington National Bank now owns 14,321 shares of the asset manager’s stock valued at $504,000 after purchasing an additional 103 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in Invesco PLC by 1.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 11,593 shares of the asset manager’s stock valued at $408,000 after purchasing an additional 144 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in Invesco PLC by 0.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 61,079 shares of the asset manager’s stock valued at $2,149,000 after purchasing an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 81.84% of the company’s stock.
In other news, insider Colin Meadows sold 54,215 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total transaction of $1,952,282.15. Following the sale, the insider now owns 164,420 shares of the company’s stock, valued at approximately $5,920,764.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by insiders.
A number of equities research analysts have weighed in on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Invesco PLC in a report on Sunday, July 30th. Zacks Investment Research lowered Invesco PLC from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Citigroup Inc. lifted their price objective on Invesco PLC from $38.50 to $39.50 and gave the company a “buy” rating in a report on Tuesday, October 3rd. Barclays PLC assumed coverage on Invesco PLC in a report on Friday, September 8th. They issued an “overweight” rating and a $38.00 price objective on the stock. Finally, BidaskClub lowered Invesco PLC from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $38.50.
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Shares of Invesco PLC (NYSE:IVZ) traded down $0.40 during trading hours on Friday, hitting $35.23. The stock had a trading volume of 1,426,800 shares, compared to its average volume of 2,725,225. The stock has a market cap of $14,300.00, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.81. 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 fifty-two week low of $28.75 and a fifty-two week high of $37.75.
Invesco PLC (NYSE:IVZ) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05. The business had revenue of $976.60 million for the quarter, compared to analyst estimates of $940.96 million. Invesco PLC had a return on equity of 13.02% and a net margin of 18.99%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 EPS. sell-side analysts expect that Invesco PLC will post 2.66 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Tuesday, November 14th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Monday, November 13th. Invesco PLC’s dividend payout ratio (DPR) is 50.22%.
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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