Trading Report: Today, 12,994 Shares of Invesco PLC (IVZ) are sold by Jennison Associates LLC

Today, 12,994 Shares of Invesco PLC (IVZ) are sold by Jennison Associates LLC

Jennison Associates LLC cut its stake in shares of Invesco PLC (NYSE:IVZ) by 12.8% during the third quarter, Holdings Channel reports. The firm owned 88,813 shares of the company’s stock after selling 12,994 shares during the period. Jennison Associates LLC’s holdings in Invesco PLC were worth $2,777,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in IVZ. Cullinan Associates Inc. increased its stake in Invesco PLC by 4.7% in the third quarter. Cullinan Associates Inc. now owns 145,650 shares of the company’s stock valued at $4,554,000 after buying an additional 6,550 shares during the period. Alps Advisors Inc. increased its stake in Invesco PLC by 27.1% in the second quarter. Alps Advisors Inc. now owns 925,205 shares of the company’s stock valued at $23,630,000 after buying an additional 197,102 shares during the period. AGF Investments Inc. increased its stake in Invesco PLC by 9.8% in the second quarter. AGF Investments Inc. now owns 1,618,646 shares of the company’s stock valued at $41,332,000 after buying an additional 144,214 shares during the period. Retirement Systems of Alabama increased its stake in Invesco PLC by 12.3% in the second quarter. Retirement Systems of Alabama now owns 1,327,328 shares of the company’s stock valued at $33,900,000 after buying an additional 145,534 shares during the period. Finally, Aviva PLC increased its stake in Invesco PLC by 17.6% in the second quarter. Aviva PLC now owns 254,242 shares of the company’s stock valued at $6,493,000 after buying an additional 38,011 shares during the period. 80.19% of the stock is currently owned by institutional investors and hedge funds.

Invesco PLC (NYSE:IVZ) traded down 0.03% during midday trading on Friday, hitting $31.66. 901,828 shares of the stock were exchanged. Invesco PLC has a one year low of $23.02 and a one year high of $35.00. The stock has a market cap of $12.93 billion, a P/E ratio of 15.96 and a beta of 1.82. The firm has a 50-day moving average price of $30.13 and a 200-day moving average price of $29.46.

Invesco PLC (NYSE:IVZ) last announced its earnings results on Thursday, October 27th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Invesco PLC had a return on equity of 11.52% and a net margin of 17.36%. The business’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share. On average, equities research analysts anticipate that Invesco PLC will post $2.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.54%. Invesco PLC’s dividend payout ratio (DPR) is presently 56.57%.

Several research firms recently issued reports on IVZ. Wells Fargo & Co. reiterated a “buy” rating on shares of Invesco PLC in a research note on Wednesday, September 21st. Bank of America Corp. reiterated a “buy” rating and issued a $37.00 target price on shares of Invesco PLC in a research note on Monday, September 26th. Deutsche Bank AG boosted their target price on shares of Invesco PLC from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Jefferies Group boosted their target price on shares of Invesco PLC from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Finally, Citigroup Inc. boosted their target price on shares of Invesco PLC from $27.00 to $31.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Invesco PLC presently has an average rating of “Buy” and a consensus price target of $36.00.

In other news, Director Edward P. Lawrence sold 1,609 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $30.84, for a total transaction of $49,621.56. Following the transaction, the director now directly owns 33,848 shares in the company, valued at $1,043,872.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew Tak Shing Lo sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $27.71, for a total transaction of $4,156,500.00. Following the transaction, the insider now owns 251,603 shares in the company, valued at $6,971,919.13. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Invesco PLC Company Profile

Invesco Ltd. (Invesco) is an independent global investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a diverse set of investment vehicles, to help clients achieve their investment objectives. It operates in the investment management segment.

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