PNC Financial Services Group Inc. decreased its stake in shares of Invesco PLC (NYSE:IVZ) by 21.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 591,698 shares of the company’s stock after selling 157,546 shares during the period. PNC Financial Services Group Inc. owned 0.14% of Invesco PLC worth $18,503,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. First Republic Investment Management Inc. raised its stake in shares of Invesco PLC by 2.4% in the first quarter. First Republic Investment Management Inc. now owns 35,897 shares of the company’s stock valued at $1,104,000 after buying an additional 825 shares in the last quarter. Cullinan Associates Inc. increased its position in Invesco PLC by 19.0% in the second quarter. Cullinan Associates Inc. now owns 139,100 shares of the company’s stock valued at $3,553,000 after buying an additional 22,200 shares during the last quarter. British Columbia Investment Management Corp increased its position in Invesco PLC by 24.2% in the second quarter. British Columbia Investment Management Corp now owns 260,590 shares of the company’s stock valued at $6,655,000 after buying an additional 50,796 shares during the last quarter. DNB Asset Management AS increased its position in Invesco PLC by 2.0% in the second quarter. DNB Asset Management AS now owns 41,684 shares of the company’s stock valued at $1,065,000 after buying an additional 800 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX increased its position in Invesco PLC by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 108,010 shares of the company’s stock valued at $2,759,000 after buying an additional 6,623 shares during the last quarter. 79.85% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Invesco PLC (NYSE:IVZ) traded up 1.49% during trading on Wednesday, hitting $31.40. The company had a trading volume of 875,129 shares. The firm’s 50 day moving average is $30.13 and its 200-day moving average is $29.48. The stock has a market capitalization of $12.83 billion, a P/E ratio of 15.83 and a beta of 1.82. Invesco PLC has a 52 week low of $23.02 and a 52 week high of $35.00.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Stockholders 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 dividend yield of 3.62%. The ex-dividend date is Thursday, November 10th. Invesco PLC’s dividend payout ratio (DPR) is 56.57%.

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IVZ has been the subject of several research reports. Barclays PLC set a $36.00 price target on Invesco PLC and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Jefferies Group reiterated a “buy” rating on shares of Invesco PLC in a research note on Friday, August 5th. Deutsche Bank AG set a $34.00 price target on Invesco PLC and gave the stock a “buy” rating in a research note on Friday, August 5th. Bank of America Corp. reiterated a “buy” rating and set a $37.00 price target on shares of Invesco PLC in a research note on Monday, September 26th. Finally, Wells Fargo & Co. restated a “buy” rating on shares of Invesco PLC in a research note on Wednesday, September 21st. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $36.00.

In other news, insider Andrew Tak Shing Lo sold 150,000 shares of the company’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 completion of the transaction, the insider now owns 251,603 shares of the company’s stock, valued at $6,971,919.13. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Philip Taylor sold 140,000 shares of the company’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $31.33, for a total value of $4,386,200.00. Following the completion of the transaction, the insider now directly owns 147,751 shares of the company’s stock, valued at approximately $4,629,038.83. The disclosure for this sale can be found here. 1.90% of the stock is owned by 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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