Bank of New York Mellon Corp Boosts Stake in Invesco PLC (IVZ)
Bank of New York Mellon Corp raised its position in shares of Invesco PLC (NYSE:IVZ) by 7.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 9,523,670 shares of the company’s stock after buying an additional 621,095 shares during the period. Bank of New York Mellon Corp’s holdings in Invesco PLC were worth $297,805,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ropes Wealth Advisors LLC boosted its position in shares of Invesco PLC by 606.0% in the second quarter. Ropes Wealth Advisors LLC now owns 4,377 shares of the company’s stock worth $112,000 after buying an additional 3,757 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Invesco PLC during the second quarter worth approximately $115,000. Point72 Asia Hong Kong Ltd boosted its position in shares of Invesco PLC by 11.9% in the second quarter. Point72 Asia Hong Kong Ltd now owns 4,700 shares of the company’s stock worth $120,000 after buying an additional 500 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of Invesco PLC by 76.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 5,557 shares of the company’s stock worth $142,000 after buying an additional 2,406 shares during the last quarter. Finally, Investment Counselors of Maryland LLC boosted its position in shares of Invesco PLC by 123.0% in the second quarter. Investment Counselors of Maryland LLC now owns 6,661 shares of the company’s stock worth $170,000 after buying an additional 3,674 shares during the last quarter. Institutional investors and hedge funds own 79.85% of the company’s stock.
Shares of Invesco PLC (NYSE:IVZ) opened at 31.23 on Tuesday. Invesco PLC has a 12-month low of $23.02 and a 12-month high of $35.00. The company has a 50-day moving average price of $30.13 and a 200 day moving average price of $29.48. The company has a market capitalization of $12.76 billion, a P/E ratio of 15.74 and a beta of 1.82.
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 Thomson Reuters’ consensus estimate of $0.61 by $0.01. The business earned $1.20 billion during the quarter, compared to the consensus estimate of $1.23 billion. Invesco PLC had a net margin of 17.36% and a return on equity of 11.52%. The business’s revenue was down 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. On average, equities analysts anticipate that Invesco PLC will post $2.24 earnings per share for the current fiscal year.
The company also recently declared 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. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Thursday, November 10th. Invesco PLC’s payout ratio is 56.57%.
Several research firms recently weighed in on IVZ. Keefe, Bruyette & Woods set a $36.00 price target on shares of Invesco PLC and gave the company a “buy” rating in a report on Saturday, October 15th. Jefferies Group reiterated a “buy” rating on shares of Invesco PLC in a report on Friday, August 5th. Barclays PLC lifted their price target on shares of Invesco PLC from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, October 13th. Deutsche Bank AG cut shares of Invesco PLC from a “buy” rating to a “hold” rating and cut their price target for the company from $36.00 to $32.00 in a report on Friday, October 14th. Finally, Zacks Investment Research upgraded shares of Invesco PLC from a “strong sell” rating to a “hold” rating in a report 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 company presently has an average rating of “Buy” and a consensus target price of $36.00.
In other news, insider Andrew Tak Shing Lo sold 150,000 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $6,971,919.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward P. Lawrence sold 1,609 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $30.84, for a total value of $49,621.56. Following the transaction, the director now directly owns 33,848 shares in the company, valued at approximately $1,043,872.32. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
About Invesco PLC
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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