Trade Report: Today: BNP Paribas Arbitrage SA Reached $4,095,000 position of Invesco PLC (IVZ)

Today: BNP Paribas Arbitrage SA Reached $4,095,000 position  of Invesco PLC (IVZ)

BNP Paribas Arbitrage SA reduced its position in Invesco PLC (NYSE:IVZ) by 43.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,964 shares of the company’s stock after selling 99,189 shares during the period. BNP Paribas Arbitrage SA’s holdings in Invesco PLC were worth $4,095,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. raised its position 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 in the last quarter. BlackRock Investment Management LLC raised its position in shares of Invesco PLC by 144.5% in the second quarter. BlackRock Investment Management LLC now owns 3,102,381 shares of the company’s stock worth $79,235,000 after buying an additional 1,833,447 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Invesco PLC by 344.4% in the second quarter. Prudential Financial Inc. now owns 2,312,359 shares of the company’s stock worth $59,058,000 after buying an additional 1,792,000 shares in the last quarter. Lord Abbett & CO. LLC raised its position in shares of Invesco PLC by 42.1% in the second quarter. Lord Abbett & CO. LLC now owns 4,967,980 shares of the company’s stock worth $126,882,000 after buying an additional 1,472,930 shares in the last quarter. Finally, BlackRock Advisors LLC raised its position in shares of Invesco PLC by 26.7% in the second quarter. BlackRock Advisors LLC now owns 6,245,621 shares of the company’s stock worth $159,514,000 after buying an additional 1,316,393 shares in the last quarter. Hedge funds and other institutional investors own 79.85% of the company’s stock.

Invesco PLC (NYSE:IVZ) traded down 1.36% on Monday, reaching $31.23. 2,934,522 shares of the company’s stock traded hands. The firm’s 50-day moving average is $30.13 and its 200 day moving average is $29.46. The stock has a market capitalization of $12.76 billion, a PE ratio of 15.74 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 results on Thursday, October 27th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.01. The company earned $1.20 billion during the quarter, compared to analyst estimates 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 for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. Analysts forecast that Invesco PLC will post $2.24 EPS for the current year.

The business also recently declared 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 annualized dividend and a yield of 3.59%. Invesco PLC’s dividend payout ratio is 56.57%.

A number of equities research analysts have recently issued reports on the stock. Bank of America Corp. restated a “buy” rating and issued a $37.00 target price on shares of Invesco PLC in a research note on Monday, September 26th. Wells Fargo & Co. restated a “buy” rating on shares of Invesco PLC in a research note on Wednesday, September 21st. Deutsche Bank AG restated a “hold” rating and issued a $32.00 target price (up previously from $31.00) on shares of Invesco PLC in a research note on Friday, October 28th. TheStreet upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, September 7th. Finally, Zacks Investment Research upgraded shares of Invesco PLC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $36.00.

In other Invesco PLC news, insider Andrew Tak Shing Lo sold 150,000 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $27.71, for a total value of $4,156,500.00. Following the sale, the insider now directly owns 251,603 shares in the company, valued at approximately $6,971,919.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward P. Lawrence sold 1,609 shares of the firm’s 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 owns 33,848 shares in the company, valued at $1,043,872.32. 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.

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