Rhumbline Advisers grew its position in shares of Invesco PLC (NYSE:IVZ) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 743,852 shares of the asset manager’s stock after acquiring an additional 3,289 shares during the period. Rhumbline Advisers owned about 0.18% of Invesco worth $26,065,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Duncker Streett & Co. Inc. raised its stake in shares of Invesco 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 acquiring an additional 53 shares during the last quarter. Flinton Capital Management LLC raised its stake in Invesco by 0.8% in the second quarter. Flinton Capital Management LLC now owns 10,368 shares of the asset manager’s stock worth $365,000 after buying an additional 80 shares in the last quarter. IFC Holdings Incorporated FL raised its stake in Invesco by 0.7% in the second quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock worth $428,000 after buying an additional 90 shares in the last quarter. Huntington National Bank raised its stake in Invesco by 0.7% in the second quarter. Huntington National Bank now owns 14,321 shares of the asset manager’s stock worth $504,000 after buying an additional 103 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its stake in Invesco by 1.3% in the second quarter. Riverhead Capital Management LLC now owns 11,593 shares of the asset manager’s stock worth $408,000 after buying an additional 144 shares in the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Colin Meadows sold 54,215 shares of the firm’s 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 sale, the insider now owns 164,420 shares in the company, valued at $5,920,764.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.
Shares of Invesco PLC (NYSE IVZ) traded up $0.67 during mid-day trading on Monday, reaching $36.88. 2,979,380 shares of the company traded hands, compared to its average volume of 2,725,962. Invesco PLC has a 52 week low of $28.75 and a 52 week high of $37.75. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $14,740.29, a PE ratio of 14.20, a P/E/G ratio of 1.14 and a beta of 1.81.
Invesco (NYSE:IVZ) last issued its earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05. Invesco had a net margin of 18.99% and a return on equity of 13.02%. The company had revenue of $976.60 million for the quarter, compared to analysts’ expectations of $940.96 million. During the same quarter last year, the company posted $0.60 earnings per share. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. analysts predict that Invesco PLC will post 2.66 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Tuesday, November 14th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.15%. The ex-dividend date is Monday, November 13th. Invesco’s dividend payout ratio is currently 50.44%.
A number of equities analysts recently issued reports on IVZ shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $39.00 price target on shares of Invesco in a research note on Tuesday, October 3rd. Citigroup increased their price target on shares of Invesco from $38.50 to $39.50 and gave the stock a “buy” rating in a research note on Tuesday, October 3rd. ValuEngine raised shares of Invesco from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Invesco from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday, October 11th. Finally, Jefferies Group set a $41.00 price target on shares of Invesco and gave the stock a “buy” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.50.
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Invesco Company Profile
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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