Los Angeles Capital Management & Equity Research Inc. lowered its stake in shares of Invesco PLC (NYSE:IVZ) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,775 shares of the asset manager’s stock after selling 425 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Invesco PLC were worth $1,470,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IVZ. BlackRock Inc. boosted its stake in shares of Invesco PLC by 2,611.3% during the 1st quarter. BlackRock Inc. now owns 32,067,091 shares of the asset manager’s stock valued at $982,213,000 after buying an additional 30,884,375 shares during the period. Kiltearn Partners LLP acquired a new stake in shares of Invesco PLC during the 1st quarter valued at $127,513,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Invesco PLC during the 1st quarter valued at $32,285,000. Vanguard Group Inc. boosted its stake in shares of Invesco PLC by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 40,096,178 shares of the asset manager’s stock valued at $1,228,146,000 after buying an additional 870,284 shares during the period. Finally, TCW Group Inc. boosted its stake in shares of Invesco PLC by 234.8% during the 1st quarter. TCW Group Inc. now owns 1,218,211 shares of the asset manager’s stock valued at $37,314,000 after buying an additional 854,394 shares during the period. 79.79% of the stock is owned by institutional investors.

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Invesco PLC (NYSE IVZ) opened at 33.08 on Monday. The firm’s 50-day moving average is $33.28 and its 200-day moving average is $32.99. The firm has a market cap of $13.46 billion, a price-to-earnings ratio of 14.75 and a beta of 1.80. Invesco PLC has a 52-week low of $27.46 and a 52-week high of $36.83.

Invesco PLC (NYSE:IVZ) last announced its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $906.30 million during the quarter, compared to analysts’ expectations of $891.19 million. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 earnings per share. Analysts forecast that Invesco PLC will post $2.54 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Tuesday, August 15th. Invesco PLC’s dividend payout ratio is currently 52.02%.

A number of brokerages have issued reports on IVZ. Jefferies Group LLC reissued a “buy” rating and set a $41.00 target price on shares of Invesco PLC in a research note on Sunday, July 30th. ValuEngine raised shares of Invesco PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $39.00 target price on shares of Invesco PLC in a research note on Sunday, July 30th. BidaskClub raised shares of Invesco PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Barclays PLC started coverage on shares of Invesco PLC in a research note on Friday, September 8th. They issued an “overweight” rating and a $38.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $37.38.

Invesco PLC 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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Institutional Ownership by Quarter for Invesco PLC (NYSE:IVZ)

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