Invesco PLC (IVZ) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. decreased its position in shares of Invesco PLC (NYSE:IVZ) by 21.0% during the third quarter, Holdings Channel reports. The firm owned 591,698 shares of the company’s stock after selling 157,546 shares during the period. PNC Financial Services Group Inc.’s holdings in Invesco PLC were worth $18,503,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Ropes Wealth Advisors LLC increased its stake 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 period. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Invesco PLC during the second quarter valued at $115,000. Point72 Asia Hong Kong Ltd increased its stake 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 valued at $120,000 after buying an additional 500 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its stake 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 valued at $142,000 after buying an additional 2,406 shares during the last quarter. Finally, Investment Counselors of Maryland LLC increased its stake 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 valued at $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.
Invesco PLC (NYSE:IVZ) traded up 1.49% during mid-day trading on Wednesday, hitting $31.40. The stock had a trading volume of 875,129 shares. The stock has a market cap of $12.83 billion, a P/E ratio of 15.83 and a beta of 1.82. The firm has a 50-day moving average of $30.13 and a 200-day moving average of $29.48. Invesco PLC has a 52-week low of $23.02 and a 52-week high of $35.00.
Invesco PLC (NYSE:IVZ) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. Invesco PLC had a net margin of 17.36% and a return on equity of 11.52%. The business earned $1.20 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s revenue was down 5.3% on a year-over-year basis. On average, analysts forecast that Invesco PLC will post $2.24 EPS for the current fiscal year.
The company also recently announced 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. This represents a $1.12 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Thursday, November 10th. Invesco PLC’s payout ratio is 56.57%.
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Several equities research analysts have recently weighed in on IVZ shares. Deutsche Bank AG set a $34.00 price target on Invesco PLC and gave the stock a “buy” rating in a report on Friday, August 5th. Jefferies Group reiterated a “buy” rating on shares of Invesco PLC in a report on Friday, August 5th. Barclays PLC set a $36.00 price target on Invesco PLC and gave the stock a “buy” rating in a report on Tuesday, August 9th. Zacks Investment Research upgraded Invesco PLC from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 30th. Finally, TheStreet upgraded Invesco PLC from a “hold” rating to a “buy” rating in a report on Wednesday, September 7th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $36.00.
In other Invesco PLC news, insider Philip Taylor sold 140,000 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $31.33, for a total value of $4,386,200.00. Following the sale, the insider now owns 147,751 shares of the company’s stock, valued at $4,629,038.83. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Edward P. Lawrence sold 1,609 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $30.84, for a total value of $49,621.56. Following the completion of the sale, 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. 1.90% of the stock is 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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