British Columbia Investment Management Corp lowered its stake in shares of Invesco PLC (NYSE:IVZ) by 3.6% during the third quarter, Holdings Channel reports. The institutional investor owned 251,312 shares of the company’s stock after selling 9,278 shares during the period. British Columbia Investment Management Corp’s holdings in Invesco PLC were worth $7,859,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Cullinan Associates Inc. raised its position in shares of 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 shares of Invesco PLC by 27.1% in the second quarter. Alps Advisors Inc. now owns 925,205 shares of the company’s stock valued at $23,630,000 after buying an additional 197,102 shares in the last quarter. AGF Investments Inc. raised its position in shares of Invesco PLC by 9.8% in the second quarter. AGF Investments Inc. now owns 1,618,646 shares of the company’s stock valued at $41,332,000 after buying an additional 144,214 shares in the last quarter. Retirement Systems of Alabama raised its position in shares of Invesco PLC by 12.3% in the second quarter. Retirement Systems of Alabama now owns 1,327,328 shares of the company’s stock valued at $33,900,000 after buying an additional 145,534 shares in the last quarter. Finally, Aviva PLC raised its position in shares of Invesco PLC by 17.6% in the second quarter. Aviva PLC now owns 254,242 shares of the company’s stock valued at $6,493,000 after buying an additional 38,011 shares in the last quarter. Hedge funds and other institutional investors own 79.85% of the company’s stock.

Institutional Ownership by Quarter for Invesco PLC (NYSE:IVZ)

Invesco PLC (NYSE:IVZ) traded up 1.2046% on Wednesday, reaching $31.3127. 1,589,112 shares of the company traded hands. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 15.7826 and a beta of 1.82. The stock’s 50-day moving average is $30.13 and its 200-day moving average is $29.48. Invesco PLC has a 1-year low of $23.02 and a 1-year high of $35.00.

Invesco PLC (NYSE:IVZ) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.60 EPS for the quarter, missing the 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 business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm earned $0.61 EPS. The company’s revenue was down 5.3% on a year-over-year basis. Equities research analysts expect that Invesco PLC will post $2.24 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Thursday, November 10th. Invesco PLC’s payout ratio is currently 56.57%.

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A number of equities research analysts recently weighed in on the stock. Wells Fargo & Co. restated a “buy” rating on shares of Invesco PLC in a report on Wednesday, September 21st. Bank of America Corp. restated a “buy” rating and issued a $37.00 target price on shares of Invesco PLC in a report on Monday, September 26th. Deutsche Bank AG upped their target price on shares of Invesco PLC from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, September 9th. Jefferies Group upped their target price on shares of Invesco PLC from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, October 11th. Finally, Barclays PLC set a $36.00 target price on shares of Invesco PLC and gave the stock a “buy” rating in a report on Tuesday, August 9th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $36.00.

In other Invesco PLC news, insider Andrew Tak Shing Lo sold 150,000 shares of Invesco PLC stock in a transaction dated 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 completion of the transaction, the insider now directly owns 251,603 shares of the company’s stock, valued at $6,971,919.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edward P. Lawrence sold 1,609 shares of Invesco PLC stock in a transaction dated 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 transaction, the director now directly owns 33,848 shares of the company’s stock, valued at $1,043,872.32. The disclosure for this sale can be found here. Corporate 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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