Strs Ohio Cuts Position in Invesco PLC (NYSE:IVZ)
Strs Ohio cut its position in shares of Invesco PLC (NYSE:IVZ) by 18.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 210,000 shares of the asset manager’s stock after selling 46,427 shares during the period. Strs Ohio’s holdings in Invesco PLC were worth $7,389,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Regentatlantic Capital LLC boosted its stake in shares of Invesco PLC by 4.3% in the first quarter. Regentatlantic Capital LLC now owns 15,409 shares of the asset manager’s stock worth $472,000 after buying an additional 641 shares during the period. Gradient Investments LLC purchased a new stake in shares of Invesco PLC during the first quarter worth approximately $5,902,000. E&G Advisors LP boosted its stake in shares of Invesco PLC by 26.1% in the first quarter. E&G Advisors LP now owns 16,900 shares of the asset manager’s stock worth $518,000 after buying an additional 3,500 shares during the period. Highland Capital Management LLC boosted its stake in shares of Invesco PLC by 3.9% in the first quarter. Highland Capital Management LLC now owns 140,341 shares of the asset manager’s stock worth $4,299,000 after buying an additional 5,233 shares during the period. Finally, First American Bank boosted its stake in shares of Invesco PLC by 2.6% in the first quarter. First American Bank now owns 46,537 shares of the asset manager’s stock worth $1,426,000 after buying an additional 1,175 shares during the period. 79.88% of the stock is owned by hedge funds and other institutional investors.
Shares of Invesco PLC (NYSE:IVZ) opened at 34.57 on Friday. The company’s 50 day moving average price is $35.43 and its 200-day moving average price is $32.57. Invesco PLC has a 1-year low of $27.46 and a 1-year high of $36.83. The company has a market capitalization of $14.07 billion, a price-to-earnings ratio of 15.41 and a beta of 1.80.
Invesco PLC (NYSE:IVZ) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. The firm had revenue of $906.30 million for the quarter, compared to the consensus estimate of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS. On average, equities analysts forecast that Invesco PLC will post $2.54 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be paid a $0.29 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.36%. Invesco PLC’s dividend payout ratio (DPR) is currently 52.02%.
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Several research analysts recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $38.00 target price (up previously from $36.00) on shares of Invesco PLC in a research report on Monday, July 10th. Zacks Investment Research raised Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Tuesday, July 4th. Jefferies Group LLC lifted their target price on Invesco PLC from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, July 4th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $36.00 target price on shares of Invesco PLC in a research report on Sunday, July 2nd. Finally, Royal Bank Of Canada assumed coverage on Invesco PLC in a research report on Thursday, June 29th. They set an “outperform” rating and a $41.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $37.29.
About Invesco PLC
Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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