Invesco PLC (IVZ) Shares Bought by Prudential Financial Inc.
Prudential Financial Inc. lifted its holdings in shares of Invesco PLC (NYSE:IVZ) by 40.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,547,138 shares of the asset manager’s stock after buying an additional 442,997 shares during the period. Prudential Financial Inc. owned about 0.38% of Invesco PLC worth $54,212,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Invesco PLC by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 41,189,076 shares of the asset manager’s stock worth $1,449,444,000 after acquiring an additional 1,092,898 shares during the last quarter. American Century Companies Inc. grew its position in Invesco PLC by 6.3% during the 3rd quarter. American Century Companies Inc. now owns 9,478,671 shares of the asset manager’s stock worth $332,133,000 after acquiring an additional 563,407 shares during the last quarter. Kiltearn Partners LLP grew its position in Invesco PLC by 38.5% during the 2nd quarter. Kiltearn Partners LLP now owns 5,765,510 shares of the asset manager’s stock worth $202,888,000 after acquiring an additional 1,602,510 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Invesco PLC by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,270,525 shares of the asset manager’s stock worth $115,090,000 after acquiring an additional 222,421 shares during the last quarter. Finally, FMR LLC grew its position in Invesco PLC by 137.5% during the 2nd quarter. FMR LLC now owns 2,959,243 shares of the asset manager’s stock worth $104,135,000 after acquiring an additional 1,713,338 shares during the last quarter. Institutional investors and hedge funds own 79.87% of the company’s stock.
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In other news, insider Colin Meadows sold 54,215 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total value of $1,952,282.15. Following the transaction, the insider now directly owns 164,420 shares of the company’s stock, valued at approximately $5,920,764.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.
Invesco PLC (IVZ) opened at $35.15 on Friday. The stock has a market capitalization of $14,451.27, a PE ratio of 13.92, a PEG ratio of 1.12 and a beta of 1.81. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.50 and a quick ratio of 1.50. Invesco PLC has a 52 week low of $28.75 and a 52 week high of $37.75.
Invesco PLC (NYSE:IVZ) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $976.60 million for the quarter, compared to the consensus estimate of $940.96 million. Invesco PLC had a return on equity of 13.02% and a net margin of 18.99%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS. sell-side analysts predict that Invesco PLC will post 2.66 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Tuesday, November 14th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Monday, November 13th. Invesco PLC’s dividend payout ratio is 50.44%.
A number of equities research analysts recently weighed in on the company. Jefferies Group LLC boosted their price objective on Invesco PLC from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. ValuEngine upgraded Invesco PLC from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $39.00 price objective on shares of Invesco PLC in a research report on Tuesday, October 3rd. Citigroup Inc. boosted their price objective on Invesco PLC from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, BidaskClub lowered Invesco PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $38.50.
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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