Invesco PLC (IVZ) Shares Bought by Janney Montgomery Scott LLC

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%.

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About Invesco

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 (NYSE:IVZ)

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