Penserra Capital Management LLC boosted its stake in Invesco PLC (NYSE:IVZ) by 38.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,012 shares of the company’s stock after buying an additional 1,684 shares during the period. Penserra Capital Management LLC’s holdings in Invesco PLC were worth $187,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVZ. Cullinan Associates Inc. raised its position 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 in the last quarter. Alps Advisors Inc. raised its position in Invesco PLC by 27.1% in the second quarter. Alps Advisors Inc. now owns 925,205 shares of the company’s stock worth $23,630,000 after buying an additional 197,102 shares during the period. Retirement Systems of Alabama raised its position 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 worth $33,900,000 after buying an additional 145,534 shares during the period. AGF Investments Inc. raised its position in Invesco PLC by 9.8% in the second quarter. AGF Investments Inc. now owns 1,618,646 shares of the company’s stock worth $41,332,000 after buying an additional 144,214 shares during the period. Finally, Aviva PLC raised its position in Invesco PLC by 17.6% in the second quarter. Aviva PLC now owns 254,242 shares of the company’s stock worth $6,493,000 after buying an additional 38,011 shares during the period. Institutional investors and hedge funds own 80.19% of the company’s stock.
Shares of Invesco PLC (NYSE:IVZ) traded down 0.03% during trading on Friday, reaching $31.66. The company had a trading volume of 901,328 shares. The stock has a 50 day moving average of $30.18 and a 200 day moving average of $29.45. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 15.96 and a beta of 1.82. Invesco PLC has a 52-week low of $23.02 and a 52-week high of $35.00.
Invesco PLC (NYSE:IVZ) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. The firm earned $1.20 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Invesco PLC had a net margin of 17.36% and a return on equity of 11.52%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. Equities research analysts forecast that Invesco PLC will post $2.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Shareholders of record on Tuesday, November 15th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $1.12 dividend on an annualized basis and a yield of 3.54%. Invesco PLC’s payout ratio is currently 56.57%.
A number of research firms have weighed in on IVZ. Keefe, Bruyette & Woods set a $36.00 price target on Invesco PLC and gave the company a “buy” rating in a research note on Saturday, October 15th. Credit Suisse Group AG set a $34.00 price target on Invesco PLC and gave the company a “hold” rating in a research note on Sunday, October 30th. Barclays PLC raised their price target on Invesco PLC from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, October 13th. JPMorgan Chase & Co. raised their price target on Invesco PLC from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Finally, Zacks Investment Research upgraded Invesco PLC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $36.00.
In other Invesco PLC news, Director Edward P. Lawrence sold 1,609 shares of the company’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $30.84, for a total value of $49,621.56. Following the completion of the transaction, the director now directly owns 33,848 shares of the company’s stock, valued at approximately $1,043,872.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Andrew Tak Shing Lo sold 150,000 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $27.71, for a total transaction of $4,156,500.00. Following the completion of the transaction, the insider now directly owns 251,603 shares of the company’s stock, valued at $6,971,919.13. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.
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.