Chevy Chase Trust Holdings Inc. decreased its stake in shares of Invesco PLC (NYSE:IVZ) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 342,061 shares of the company’s stock after selling 14,699 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.08% of Invesco PLC worth $10,696,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Ropes Wealth Advisors LLC raised its position in Invesco PLC by 606.0% in the second quarter. Ropes Wealth Advisors LLC now owns 4,377 shares of the company’s stock valued at $112,000 after buying an additional 3,757 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in Invesco PLC during the second quarter valued at $115,000. Point72 Asia Hong Kong Ltd raised its position in Invesco PLC by 11.9% in the second quarter. Point72 Asia Hong Kong Ltd now owns 4,700 shares of the company’s stock valued at $120,000 after buying an additional 500 shares during the period. Mizuho Asset Management Co. Ltd. raised its position in Invesco PLC by 76.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 5,557 shares of the company’s stock valued at $142,000 after buying an additional 2,406 shares during the period. Finally, Investment Counselors of Maryland LLC raised its position in Invesco PLC by 123.0% in the second quarter. Investment Counselors of Maryland LLC now owns 6,661 shares of the company’s stock valued at $170,000 after buying an additional 3,674 shares during the period. Institutional investors own 80.19% of the company’s stock.

Institutional Ownership by Quarter for Invesco PLC (NYSE:IVZ)

Shares of Invesco PLC (NYSE:IVZ) traded down 0.03% during trading on Friday, reaching $31.66. The company’s stock had a trading volume of 901,828 shares. Invesco PLC has a 52 week low of $23.02 and a 52 week high of $35.00. The stock’s 50 day moving average price is $30.13 and its 200 day moving average price is $29.46. The company has a market cap of $12.93 billion, a PE ratio of 15.96 and a beta of 1.82.

Invesco PLC (NYSE:IVZ) last posted its earnings results on Thursday, October 27th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.23 billion. Invesco PLC had a return on equity of 11.52% and a net margin of 17.36%. Invesco PLC’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Equities research analysts predict that Invesco PLC will post $2.24 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, November 10th. This represents a $1.12 annualized dividend and a dividend yield of 3.54%. Invesco PLC’s payout ratio is currently 56.57%.

TRADEMARK VIOLATION WARNING: “Chevy Chase Trust Holdings Inc. Lowers Position in Invesco PLC (IVZ)” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.thecerbatgem.com/2016/11/26/chevy-chase-trust-holdings-inc-lowers-position-in-invesco-plc-ivz.html.

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods set a $36.00 price objective on shares of Invesco PLC and gave the company a “buy” rating in a research report on Saturday, October 15th. Jefferies Group reaffirmed a “buy” rating on shares of Invesco PLC in a research note on Friday, August 5th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Invesco PLC in a research note on Friday, July 29th. Citigroup Inc. upped their price objective on shares of Invesco PLC from $27.00 to $31.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Finally, Barclays PLC upped their price objective on shares of Invesco PLC from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, October 13th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $36.00.

In other news, Director Edward P. Lawrence sold 1,609 shares of the business’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $30.84, for a total transaction of $49,621.56. Following the completion of the transaction, the director now directly owns 33,848 shares in the company, valued at approximately $1,043,872.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew Tak Shing Lo sold 150,000 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $27.71, for a total value of $4,156,500.00. Following the transaction, the insider now owns 251,603 shares of the company’s stock, valued at $6,971,919.13. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

About Invesco PLC

Invesco Ltd. (Invesco) is an independent global investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a diverse set of investment vehicles, to help clients achieve their investment objectives. It operates in the investment management segment.

5 Day Chart for NYSE:IVZ

Receive News & Stock Ratings for Invesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco PLC and related stocks with our FREE daily email newsletter.