Tealwood Asset Management Inc. Purchases 1,140 Shares of Invesco PLC (IVZ)
Tealwood Asset Management Inc. raised its position in shares of Invesco PLC (NYSE:IVZ) by 0.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 126,170 shares of the company’s stock after buying an additional 1,140 shares during the period. Invesco PLC makes up approximately 1.5% of Tealwood Asset Management Inc.’s portfolio, making the stock its 29th largest position. Tealwood Asset Management Inc.’s holdings in Invesco PLC were worth $3,222,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services Inc boosted its position in Invesco PLC by 11.2% in the first quarter. Commonwealth Equity Services Inc now owns 15,744 shares of the company’s stock worth $484,000 after buying an additional 1,584 shares in the last quarter. Bessemer Group Inc. boosted its position in Invesco PLC by 243.1% in the first quarter. Bessemer Group Inc. now owns 11,375 shares of the company’s stock worth $350,000 after buying an additional 8,060 shares in the last quarter. Associated Banc Corp boosted its position in Invesco PLC by 0.6% in the first quarter. Associated Banc Corp now owns 69,847 shares of the company’s stock worth $2,149,000 after buying an additional 446 shares in the last quarter. Credit Agricole S A boosted its position in Invesco PLC by 7.9% in the first quarter. Credit Agricole S A now owns 82,811 shares of the company’s stock worth $2,548,000 after buying an additional 6,033 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Invesco PLC by 5.8% in the first quarter. Canada Pension Plan Investment Board now owns 652,457 shares of the company’s stock worth $20,076,000 after buying an additional 35,600 shares in the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.
Invesco PLC (NYSE:IVZ) traded down 1.32% during trading on Friday, hitting $29.91. The company had a trading volume of 4,686,758 shares. The stock has a market capitalization of $12.26 billion, a price-to-earnings ratio of 15.11 and a beta of 1.96. The firm’s 50 day moving average is $30.96 and its 200-day moving average is $29.67. 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 earnings results on Thursday, July 28th. The company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02. Invesco PLC had a net margin of 17.27% and a return on equity of 11.35%. The firm earned $1.19 billion during the quarter, compared to the consensus estimate of $853.16 million. During the same quarter last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, equities analysts forecast that Invesco PLC will post $2.26 earnings per share for the current year.
IVZ has been the topic of a number of analyst reports. Deutsche Bank AG cut their target price on Invesco PLC from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, June 16th. Jefferies Group reiterated a “buy” rating and issued a $35.00 price target on shares of Invesco PLC in a report on Monday, June 20th. Citigroup Inc. lowered Invesco PLC from a “buy” rating to a “neutral” rating and lowered their price target for the company from $38.00 to $27.00 in a report on Monday, June 27th. TheStreet lowered Invesco PLC from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Barclays PLC lowered their price target on Invesco PLC from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Invesco PLC presently has a consensus rating of “Buy” and a consensus price target of $36.08.
In related news, Director Ben F. Johnson III bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average price of $29.24 per share, for a total transaction of $58,480.00. Following the acquisition, the director now owns 28,653 shares of the company’s stock, valued at $837,813.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward P. Lawrence sold 1,609 shares of Invesco PLC 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 completion of the sale, the director now owns 33,848 shares of the company’s stock, valued at approximately $1,043,872.32. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate 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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