Exxonmobil Investment Management Inc. TX reduced its position in Invesco PLC (NYSE:IVZ) by 3.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,666 shares of the company’s stock after selling 3,344 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Invesco PLC were worth $3,273,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Ropes Wealth Advisors LLC raised its stake in shares of Invesco PLC by 606.0% in the second quarter. Ropes Wealth Advisors LLC now owns 4,377 shares of the company’s stock worth $112,000 after buying an additional 3,757 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Invesco PLC during the second quarter worth $115,000. Point72 Asia Hong Kong Ltd raised its stake in shares of Invesco PLC by 11.9% in the second quarter. Point72 Asia Hong Kong Ltd now owns 4,700 shares of the company’s stock worth $120,000 after buying an additional 500 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in shares of Invesco PLC by 76.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 5,557 shares of the company’s stock worth $142,000 after buying an additional 2,406 shares in the last quarter. Finally, Investment Counselors of Maryland LLC raised its stake in shares of Invesco PLC by 123.0% in the second quarter. Investment Counselors of Maryland LLC now owns 6,661 shares of the company’s stock worth $170,000 after buying an additional 3,674 shares in the last quarter. Hedge funds and other institutional investors own 79.85% of the company’s stock.

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

Shares of Invesco PLC (NYSE:IVZ) traded down 0.93% during mid-day trading on Tuesday, hitting $30.94. 2,611,383 shares of the stock were exchanged. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 15.59 and a beta of 1.82. Invesco PLC has a 52-week low of $23.02 and a 52-week high of $35.00. The stock has a 50-day moving average price of $30.13 and a 200 day moving average price of $29.48.

Invesco PLC (NYSE:IVZ) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.01. Invesco PLC had a return on equity of 11.52% and a net margin of 17.36%. The business earned $1.20 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company earned $0.61 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. On average, equities research analysts expect that Invesco PLC will post $2.24 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Tuesday, November 15th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Thursday, November 10th. Invesco PLC’s dividend payout ratio (DPR) is presently 56.57%.

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A number of brokerages have recently weighed in on IVZ. Keefe, Bruyette & Woods set a $36.00 price objective on Invesco PLC and gave the stock a “buy” rating in a research report on Saturday, October 15th. Jefferies Group reiterated a “buy” rating on shares of Invesco PLC in a report on Friday, August 5th. Barclays PLC raised their price objective on Invesco PLC from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, October 13th. Deutsche Bank AG cut shares of Invesco PLC from a “buy” rating to a “hold” rating and dropped their target price for the company from $36.00 to $32.00 in a report on Friday, October 14th. Finally, Zacks Investment Research raised shares of Invesco PLC from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Invesco PLC currently has an average rating of “Buy” and an average price target of $36.00.

In related news, insider Andrew Tak Shing Lo sold 150,000 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $27.71, for a total value of $4,156,500.00. Following the completion of the sale, the insider now directly owns 251,603 shares of the company’s stock, valued at $6,971,919.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Edward P. Lawrence sold 1,609 shares of the company’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 sale, the director now directly owns 33,848 shares of the company’s stock, valued at $1,043,872.32. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

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.

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