Yorktown Management & Research Co Inc Acquires New Position in Invesco PLC (IVZ)
Yorktown Management & Research Co Inc acquired a new position in Invesco PLC (NYSE:IVZ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,800 shares of the asset manager’s stock, valued at approximately $273,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Flinton Capital Management LLC raised its stake in shares of Invesco PLC by 0.8% in the second quarter. Flinton Capital Management LLC now owns 10,368 shares of the asset manager’s stock worth $365,000 after buying an additional 80 shares during the period. IFC Holdings Incorporated FL raised its stake in Invesco PLC by 0.7% during the 2nd quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock valued at $428,000 after purchasing an additional 90 shares during the period. Huntington National Bank raised its stake in Invesco PLC by 0.7% during the 2nd quarter. Huntington National Bank now owns 14,321 shares of the asset manager’s stock valued at $504,000 after purchasing an additional 103 shares during the period. Riverhead Capital Management LLC raised its stake in Invesco PLC by 1.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 11,593 shares of the asset manager’s stock valued at $408,000 after purchasing an additional 144 shares during the period. Finally, Cubist Systematic Strategies LLC raised its stake in Invesco PLC by 0.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 61,079 shares of the asset manager’s stock valued at $2,149,000 after purchasing an additional 202 shares during the period. 81.84% of the stock is currently owned by hedge funds and other institutional investors.
In other Invesco PLC news, insider Colin Meadows sold 54,215 shares of Invesco PLC stock in a transaction that occurred on 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 sale, the insider now owns 164,420 shares of the company’s stock, valued at approximately $5,920,764.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.
Several analysts recently issued reports on the company. 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. Zacks Investment Research downgraded Invesco PLC from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Citigroup Inc. lifted their target price on Invesco PLC from $38.50 to $39.50 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Barclays PLC assumed coverage on Invesco PLC in a research note on Friday, September 8th. They set an “overweight” rating and a $38.00 target price on the stock. Finally, BidaskClub downgraded Invesco PLC from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $38.50.
Invesco PLC (NYSE:IVZ) traded down $0.40 during trading hours on Friday, reaching $35.23. The company’s stock had a trading volume of 1,426,800 shares, compared to its average volume of 2,725,225. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75. Invesco PLC has a 1-year low of $28.75 and a 1-year high of $37.75. The company has a market cap of $14,300.00, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.81.
Invesco PLC (NYSE:IVZ) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.05. Invesco PLC had a return on equity of 13.02% and a net margin of 18.99%. The business had revenue of $976.60 million for the quarter, compared to the consensus estimate of $940.96 million. During the same quarter in the previous year, the company posted $0.60 EPS. The company’s revenue was up 14.3% compared to the same quarter last year. equities research analysts expect that Invesco PLC will post 2.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders 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 3.29%. The ex-dividend date is Monday, November 13th. Invesco PLC’s payout ratio is 50.22%.
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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.
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