Janney Montgomery Scott LLC increased its stake in Invesco PLC (NYSE:IVZ) by 40.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,726 shares of the asset manager’s stock after purchasing an additional 38,749 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Invesco were worth $4,756,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Sun Life Financial INC acquired a new stake in Invesco in the 3rd quarter valued at about $145,000. Valeo Financial Advisors LLC acquired a new stake in Invesco in the 3rd quarter valued at about $160,000. C M Bidwell & Associates Ltd. acquired a new stake in Invesco in the 2nd quarter valued at about $185,000. ETRADE Capital Management LLC acquired a new stake in Invesco in the 3rd quarter valued at about $205,000. Finally, Financial Counselors Inc. acquired a new stake in Invesco in the 2nd quarter valued at about $215,000. 81.38% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have weighed in on IVZ. ValuEngine raised shares of Invesco from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Zacks Investment Research downgraded shares of Invesco from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Jefferies Group upped their price target on shares of Invesco from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Royal Bank of Canada reissued a “buy” rating and issued a $41.00 price target on shares of Invesco in a report on Friday, October 27th. Finally, Citigroup upped their price target on shares of Invesco from $43.00 to $44.00 and gave the company a “buy” rating in a report on Friday, October 27th. One 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 stock. Invesco currently has a consensus rating of “Buy” and a consensus price target of $38.50.
In other Invesco news, insider Colin Meadows sold 54,215 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total transaction of $1,952,282.15. Following the completion of the sale, the insider now directly owns 164,420 shares of the company’s stock, valued at $5,920,764.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.
Shares of Invesco PLC (NYSE:IVZ) opened at $36.96 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.50. Invesco PLC has a 52 week low of $28.75 and a 52 week high of $37.85. The company has a market cap of $15,131.09, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.17 and a beta of 1.81.
Invesco (NYSE:IVZ) last posted its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $940.96 million. During the same period in the prior year, the firm earned $0.60 earnings per share. The business’s quarterly revenue was up 14.3% on a year-over-year basis. equities research analysts predict that Invesco PLC will post 2.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Tuesday, November 14th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Monday, November 13th. Invesco’s dividend payout ratio is presently 50.44%.
TRADEMARK VIOLATION NOTICE: “Invesco PLC (IVZ) Shares Bought by Janney Montgomery Scott LLC” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.dispatchtribunal.com/2017/12/14/invesco-plc-ivz-shares-bought-by-janney-montgomery-scott-llc.html.
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.
Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.