Invesco PLC (NYSE:IVZ) Shares Sold by New Mexico Educational Retirement Board
New Mexico Educational Retirement Board cut its position in shares of Invesco PLC (NYSE:IVZ) by 7.6% during the second quarter, Holdings Channel reports. The firm owned 37,814 shares of the asset manager’s stock after selling 3,100 shares during the period. New Mexico Educational Retirement Board’s holdings in Invesco PLC were worth $1,315,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Invesco PLC by 2,611.3% in the first quarter. BlackRock Inc. now owns 32,067,091 shares of the asset manager’s stock worth $982,213,000 after buying an additional 30,884,375 shares in the last quarter. Kiltearn Partners LLP bought a new stake in shares of Invesco PLC during the first quarter worth $127,513,000. American Century Companies Inc. raised its stake in shares of Invesco PLC by 28.7% in the first quarter. American Century Companies Inc. now owns 9,005,772 shares of the asset manager’s stock worth $275,847,000 after buying an additional 2,007,736 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Invesco PLC during the first quarter worth $32,285,000. Finally, Vanguard Group Inc. raised its stake in shares of Invesco PLC by 2.2% in the first quarter. Vanguard Group Inc. now owns 40,096,178 shares of the asset manager’s stock worth $1,228,146,000 after buying an additional 870,284 shares in the last quarter. Institutional investors own 79.80% of the company’s stock.
Shares of Invesco PLC (NYSE 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 firm’s 50-day moving average is $35.33 and its 200-day moving average is $32.75. The firm has a market cap of $13.83 billion, a price-to-earnings ratio of 15.15 and a beta of 1.80.
Invesco PLC (NYSE:IVZ) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $891.19 million. During the same period in the prior year, the company posted $0.56 earnings per share. Invesco PLC’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts predict that Invesco PLC will post $2.54 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Tuesday, August 15th. Invesco PLC’s dividend payout ratio (DPR) is presently 52.02%.
A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Invesco PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub lowered shares of 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 issued 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 reissued a “buy” rating and issued a $39.00 price target on shares of Invesco PLC in a report on Sunday, July 30th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target 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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