Invesco PLC (IVZ) Stake Increased by State of Wisconsin Investment Board
State of Wisconsin Investment Board raised its position in Invesco PLC (NYSE:IVZ) by 13.3% during the second quarter, Holdings Channel reports. The fund owned 882,537 shares of the asset manager’s stock after buying an additional 103,740 shares during the period. State of Wisconsin Investment Board’s holdings in Invesco PLC were worth $31,056,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of IVZ. BlackRock Inc. raised its position 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. Quantbot Technologies LP increased its stake in Invesco PLC by 474.2% in the first quarter. Quantbot Technologies LP now owns 111,611 shares of the asset manager’s stock worth $3,418,000 after buying an additional 92,173 shares during the last quarter. Legal & General Group Plc increased its stake in Invesco PLC by 5.4% in the first quarter. Legal & General Group Plc now owns 2,100,821 shares of the asset manager’s stock worth $64,347,000 after buying an additional 108,212 shares during the last quarter. First Trust Advisors LP increased its stake in Invesco PLC by 38.4% in the first quarter. First Trust Advisors LP now owns 895,680 shares of the asset manager’s stock worth $27,435,000 after buying an additional 248,286 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its stake in Invesco PLC by 19.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,245 shares of the asset manager’s stock worth $283,000 after buying an additional 1,496 shares during the last quarter. 79.20% of the stock is currently owned by institutional investors and hedge funds.
Invesco PLC (NYSE:IVZ) opened at 33.66 on Thursday. Invesco PLC has a 12 month low of $27.46 and a 12 month high of $36.84. The stock has a 50 day moving average price of $35.24 and a 200 day moving average price of $32.84. The stock has a market capitalization of $13.70 billion, a PE ratio of 15.01 and a beta of 1.80.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. The firm had revenue of $906.30 million during the quarter, compared to analyst estimates of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 earnings per share. On average, equities research analysts forecast that Invesco PLC will post $2.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 17th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Tuesday, August 15th. Invesco PLC’s payout ratio is 52.02%.
WARNING: This news story was first reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/08/17/invesco-plc-ivz-stake-increased-by-state-of-wisconsin-investment-board.html.
Several brokerages recently weighed in on IVZ. Deutsche Bank AG upped their price objective on Invesco PLC from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Jefferies Group LLC reissued a “buy” rating and issued a $35.00 price target on shares of Invesco PLC in a research note on Wednesday, May 17th. ValuEngine cut Invesco PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Citigroup Inc. raised Invesco PLC from a “neutral” rating to a “buy” rating and raised their target price for the stock from $35.00 to $37.50 in a research note on Monday, June 5th. Finally, BidaskClub raised Invesco PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Four equities 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 company. Invesco PLC currently has an average rating of “Buy” and a consensus target price 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.
Want to see what other hedge funds are holding IVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco PLC (NYSE:IVZ).
Receive News & Ratings for Invesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco PLC and related companies with MarketBeat.com's FREE daily email newsletter.