Invesco PLC (NYSE:ivz) declared a quarterly dividend on Friday, October 28th. Investors of record on Tuesday, November 15th will be paid a dividend of 0.28 per share on Monday, December 5th. This represents a $1.12 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, November 10th.
Invesco PLC (NYSE:IVZ) opened at 28.54 on Monday. The company’s 50-day moving average price is $30.48 and its 200 day moving average price is $29.60. The company has a market cap of $11.70 billion, a PE ratio of 14.44 and a beta of 1.96. Invesco PLC has a 52 week low of $23.02 and a 52 week high of $35.00.
Invesco PLC (NYSE:IVZ) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.01. Invesco PLC had a return on equity of 11.52% and a net margin of 17.36%. The firm earned $1.20 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the business posted $0.61 EPS. Invesco PLC’s revenue was down 5.3% compared to the same quarter last year. On average, analysts anticipate that Invesco PLC will post $2.25 EPS for the current year.
In related news, Director Edward P. Lawrence sold 1,609 shares of Invesco PLC stock in a transaction on Friday, September 9th. The stock was sold at an average price of $30.84, for a total transaction of $49,621.56. Following the completion of the sale, the director now directly owns 33,848 shares of the company’s stock, valued at $1,043,872.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Invesco PLC by 129.7% in the second quarter. American Century Companies Inc. now owns 4,519,350 shares of the company’s stock worth $115,424,000 after buying an additional 2,551,675 shares during the period. Analytic Investors LLC bought a new stake in shares of Invesco PLC during the second quarter worth approximately $15,657,000. State of Tennessee Treasury Department boosted its stake in shares of Invesco PLC by 299.2% in the second quarter. State of Tennessee Treasury Department now owns 413,564 shares of the company’s stock worth $10,563,000 after buying an additional 309,975 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Invesco PLC during the second quarter worth approximately $7,156,000. Finally, APG Asset Management N.V. boosted its stake in shares of Invesco PLC by 186.3% in the second quarter. APG Asset Management N.V. now owns 410,200 shares of the company’s stock worth $10,477,000 after buying an additional 266,900 shares during the period. 82.00% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on IVZ shares. Credit Suisse Group AG set a $34.00 target price on Invesco PLC and gave the stock a “hold” rating in a research report on Sunday. Deutsche Bank AG restated a “buy” rating on shares of Invesco PLC in a research report on Sunday, July 10th. Keefe, Bruyette & Woods set a $36.00 target price on Invesco PLC and gave the stock a “buy” rating in a research report on Saturday, October 15th. Jefferies Group restated a “buy” rating on shares of Invesco PLC in a research report on Friday, August 5th. Finally, Citigroup Inc. raised their target price on Invesco PLC from $27.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $36.27.
About Invesco PLC