440 Investment Group LLC Buys 430 Shares of Invesco PLC (IVZ)
440 Investment Group LLC increased its stake in shares of Invesco PLC (NYSE:IVZ) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 21,550 shares of the asset manager’s stock after buying an additional 430 shares during the period. 440 Investment Group LLC’s holdings in Invesco PLC were worth $758,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in IVZ. IFC Holdings Incorporated FL raised its stake in Invesco PLC by 0.7% in the second quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock valued at $428,000 after buying an additional 90 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Invesco PLC by 11.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 60,198 shares of the asset manager’s stock valued at $2,211,000 after buying an additional 6,162 shares in the last quarter. Bank of The Ozarks raised its stake in Invesco PLC by 4.6% in the second quarter. Bank of The Ozarks now owns 22,830 shares of the asset manager’s stock valued at $803,000 after buying an additional 1,010 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Invesco PLC by 7.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,344,769 shares of the asset manager’s stock valued at $47,323,000 after buying an additional 87,755 shares in the last quarter. Finally, Wetherby Asset Management Inc. raised its stake in Invesco PLC by 18.0% in the second quarter. Wetherby Asset Management Inc. now owns 8,372 shares of the asset manager’s stock valued at $294,000 after buying an additional 1,280 shares in the last quarter. 79.80% of the stock is owned by institutional investors and hedge funds.
Shares of Invesco PLC (IVZ) opened at 33.99 on Friday. Invesco PLC has a 12 month low of $27.46 and a 12 month high of $36.84. The stock has a market capitalization of $13.83 billion, a P/E ratio of 15.15 and a beta of 1.80. The firm’s 50-day moving average price is $35.33 and its 200-day moving average price is $32.75.
Invesco PLC (NYSE:IVZ) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The business had revenue of $906.30 million for the quarter, compared to analyst estimates of $891.19 million. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 earnings per share. On average, equities research analysts forecast that Invesco PLC will post $2.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be given a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. Invesco PLC’s dividend payout ratio is presently 52.02%.
Several analysts have issued reports on the company. Zacks Investment Research lowered Invesco PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub lowered Invesco PLC from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and set a $41.00 price target on shares of Invesco PLC in a report on Sunday, July 30th. Wells Fargo & Company reissued an “outperform” rating on shares of Invesco PLC in a report on Sunday, July 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Invesco PLC in a research note on Sunday, July 30th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average 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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