Invesco PLC (IVZ) Position Boosted by Bank of The Ozarks
Bank of The Ozarks boosted its position in shares of Invesco PLC (NYSE:IVZ) by 4.6% during the second quarter, Holdings Channel reports. The firm owned 22,830 shares of the asset manager’s stock after buying an additional 1,010 shares during the period. Bank of The Ozarks’ holdings in Invesco PLC were worth $803,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Financial Architects Inc boosted its stake in Invesco PLC by 54.3% in the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock worth $109,000 after buying an additional 1,082 shares during the period. IFP Advisors Inc boosted its stake in Invesco PLC by 5.9% in the first quarter. IFP Advisors Inc now owns 3,950 shares of the asset manager’s stock worth $121,000 after buying an additional 221 shares during the period. Global X Management Co. LLC boosted its stake in Invesco PLC by 29.4% in the first quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock worth $171,000 after buying an additional 1,267 shares during the period. Duncker Streett & Co. Inc. boosted its stake in Invesco PLC by 110.1% in the first quarter. Duncker Streett & Co. Inc. now owns 6,067 shares of the asset manager’s stock worth $186,000 after buying an additional 3,180 shares during the period. Finally, Americafirst Capital Management LLC purchased a new stake in Invesco PLC during the first quarter worth about $188,000. Institutional investors own 79.80% of the company’s stock.
Invesco PLC (NYSE IVZ) opened at 34.57 on Thursday. The company has a 50-day moving average of $35.39 and a 200 day moving average of $32.72. The firm has a market cap of $14.07 billion, a price-to-earnings ratio of 15.41 and a beta of 1.80. Invesco PLC has a 52-week low of $27.46 and a 52-week high of $36.84.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The company had revenue of $906.30 million during the quarter, compared to the consensus estimate of $891.19 million. During the same quarter in the prior year, the firm posted $0.56 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts anticipate that Invesco PLC will post $2.54 EPS 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 issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Tuesday, August 15th. Invesco PLC’s dividend payout ratio (DPR) is presently 52.02%.
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A number of research firms have issued reports on IVZ. Royal Bank Of Canada began coverage on shares of Invesco PLC in a report on Thursday, June 29th. They set an “outperform” rating and a $41.00 price target for the company. Jefferies Group LLC restated a “buy” rating and set a $41.00 price target on shares of Invesco PLC in a report on Sunday, July 30th. Keefe, Bruyette & Woods restated a “buy” rating and set a $36.00 price target on shares of Invesco PLC in a report on Sunday, July 2nd. ValuEngine upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Finally, Zacks Investment Research cut shares of Invesco PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Invesco PLC currently has a consensus rating of “Buy” and a consensus target price of $37.29.
Invesco PLC Company Profile
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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