Buckingham Capital Management Inc. Sells 1,436 Shares of Invesco PLC (IVZ)
Buckingham Capital Management Inc. lowered its stake in Invesco PLC (NYSE:IVZ) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,118 shares of the asset manager’s stock after selling 1,436 shares during the period. Buckingham Capital Management Inc.’s holdings in Invesco PLC were worth $1,125,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Architects Inc grew its position in Invesco PLC by 54.3% in the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock worth $109,000 after acquiring an additional 1,082 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Invesco PLC during the second quarter valued at approximately $185,000. Gilbert & Cook Inc. purchased a new position in shares of Invesco PLC during the second quarter valued at approximately $203,000. IBM Retirement Fund purchased a new position in shares of Invesco PLC during the second quarter valued at approximately $210,000. Finally, Duncker Streett & Co. Inc. boosted its position in shares of Invesco PLC by 0.9% during the second quarter. Duncker Streett & Co. Inc. now owns 6,120 shares of the asset manager’s stock valued at $215,000 after buying an additional 53 shares during the period. Institutional investors own 80.77% of the company’s stock.
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Several research analysts have issued reports on the company. Jefferies Group LLC restated a “buy” rating and set a $41.00 target price on shares of Invesco PLC in a research report on Sunday, July 30th. Zacks Investment Research lowered Invesco PLC from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Citigroup Inc. boosted their target price on Invesco PLC from $38.50 to $39.50 and gave the company a “buy” rating in a research report on Tuesday, October 3rd. Barclays PLC assumed coverage on Invesco PLC in a research report on Friday, September 8th. They set an “overweight” rating and a $38.00 target price for the company. Finally, BidaskClub lowered Invesco PLC from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $38.50.
In related news, insider Colin Meadows sold 54,215 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total value of $1,952,282.15. Following the completion of the transaction, the insider now owns 164,420 shares of the company’s stock, valued at $5,920,764.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.
Shares of Invesco PLC (NYSE IVZ) traded up $0.09 during trading hours on Friday, reaching $34.57. 2,280,100 shares of the company were exchanged, compared to its average volume of 2,732,245. The company has a market capitalization of $14,250.00, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 1.09 and a beta of 1.81. Invesco PLC has a 52 week low of $28.75 and a 52 week high of $37.75. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $976.60 million during the quarter, compared to the consensus estimate of $940.96 million. Invesco PLC had a net margin of 18.99% and a return on equity of 13.02%. Invesco PLC’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. equities analysts anticipate 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. Investors 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 yield of 3.36%. The ex-dividend date of this dividend is Monday, November 13th. Invesco PLC’s dividend payout ratio (DPR) is 50.22%.
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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