TIAA CREF Investment Management LLC grew its stake in Invesco PLC (NYSE:IVZ) by 19.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 937,472 shares of the asset manager’s stock after acquiring an additional 150,641 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.23% of Invesco PLC worth $32,990,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in IVZ. Duncker Streett & Co. Inc. boosted its position in shares of Invesco PLC by 0.9% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 6,120 shares of the asset manager’s stock worth $215,000 after purchasing an additional 53 shares in the last quarter. IFC Holdings Incorporated FL boosted its position in shares of Invesco PLC by 0.7% in the 2nd quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock worth $428,000 after purchasing an additional 90 shares in the last quarter. Huntington National Bank boosted its position in shares of Invesco PLC by 0.7% in the 2nd quarter. Huntington National Bank now owns 14,321 shares of the asset manager’s stock worth $504,000 after purchasing an additional 103 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Invesco PLC by 1.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 11,593 shares of the asset manager’s stock worth $408,000 after purchasing an additional 144 shares in the last quarter. Finally, Greenwood Capital Associates LLC boosted its position in shares of Invesco PLC by 1.0% in the 2nd quarter. Greenwood Capital Associates LLC now owns 20,753 shares of the asset manager’s stock worth $730,000 after purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 79.79% of the company’s stock.

A number of research firms have recently weighed in on IVZ. Barclays PLC began coverage on Invesco PLC in a research report on Friday, September 8th. They issued an “overweight” rating and a $38.00 price objective for the company. ValuEngine cut Invesco PLC from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub cut Invesco PLC from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Jefferies Group LLC set a $41.00 price objective on Invesco PLC and gave the stock a “buy” rating in a research report on Thursday, August 17th. Finally, Zacks Investment Research cut Invesco PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given 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 target price of $37.38.

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Shares of Invesco PLC (IVZ) opened at 34.20 on Friday. The firm’s 50-day moving average price is $33.22 and its 200-day moving average price is $33.02. The firm has a market cap of $13.92 billion, a PE ratio of 15.25 and a beta of 1.80. Invesco PLC has a 12 month low of $27.46 and a 12 month high of $36.84.

Invesco PLC (NYSE:IVZ) last released its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating the 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 earnings per share. Invesco PLC’s revenue for the quarter was up 4.5% on a year-over-year basis. Analysts expect that Invesco PLC will post $2.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were paid a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.16 annualized dividend and a yield of 3.39%. Invesco PLC’s dividend payout ratio is presently 52.02%.

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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