SG Americas Securities LLC Sells 64,246 Shares of Invesco PLC (IVZ)
SG Americas Securities LLC lessened its stake in Invesco PLC (NYSE:IVZ) by 84.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,407 shares of the asset manager’s stock after selling 64,246 shares during the quarter. SG Americas Securities LLC’s holdings in Invesco were worth $400,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. C M Bidwell & Associates Ltd. purchased a new stake in shares of Invesco during the second quarter valued at approximately $185,000. Financial Counselors Inc. purchased a new stake in shares of Invesco during the second quarter valued at approximately $215,000. Bluefin Trading LLC purchased a new stake in shares of Invesco during the second quarter valued at approximately $216,000. Global X Management Co. LLC increased its position in shares of Invesco by 14.6% during the second quarter. Global X Management Co. LLC now owns 6,397 shares of the asset manager’s stock valued at $225,000 after acquiring an additional 815 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Invesco during the second quarter valued at approximately $228,000. Institutional investors own 81.38% of the company’s stock.
IVZ has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $39.00 price target on shares of Invesco in a research report on Tuesday, October 3rd. Citigroup increased their price target on Invesco from $38.50 to $39.50 and gave the company a “buy” rating in a research report on Tuesday, October 3rd. ValuEngine raised Invesco from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised Invesco from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Wednesday, October 11th. Finally, Jefferies Group set a $41.00 price target on Invesco and gave the company a “buy” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. Invesco currently has an average rating of “Buy” and a consensus price target of $38.50.
In other Invesco news, insider Colin Meadows sold 54,215 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 164,420 shares of the company’s stock, valued at $5,920,764.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company’s stock.
Shares of Invesco PLC (NYSE:IVZ) opened at $36.96 on Thursday. 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 $37.85. The stock has a market capitalization of $15,131.09, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 1.17 and a beta of 1.81.
Invesco (NYSE:IVZ) last released its earnings results 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 had a return on equity of 13.02% and a net margin of 18.99%. The business had revenue of $976.60 million during the quarter, compared to the consensus estimate of $940.96 million. During the same period last year, the business posted $0.60 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. equities analysts predict that Invesco PLC will post 2.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Tuesday, November 14th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Monday, November 13th. Invesco’s dividend payout ratio is currently 50.44%.
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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