Philip Taylor Sells 140,000 Shares of Invesco PLC (IVZ) Stock
Invesco PLC (NYSE:IVZ) insider Philip Taylor sold 140,000 shares of the company’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $31.33, for a total transaction of $4,386,200.00. Following the sale, the insider now directly owns 147,751 shares of the company’s stock, valued at $4,629,038.83. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Invesco PLC (NYSE:IVZ) opened at 31.31 on Thursday. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 15.78 and a beta of 1.82. Invesco PLC has a 1-year low of $23.02 and a 1-year high of $35.00. The company’s 50-day moving average is $30.14 and its 200 day moving average is $29.51.
Invesco PLC (NYSE:IVZ) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.23 billion. Invesco PLC had a net margin of 17.36% and a return on equity of 11.52%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. On average, equities research analysts expect that Invesco PLC will post $2.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Tuesday, November 15th will be issued a $0.28 dividend. The ex-dividend date is Thursday, November 10th. This represents a $1.12 annualized dividend and a yield of 3.58%. Invesco PLC’s dividend payout ratio (DPR) is presently 56.57%.
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A number of analysts recently weighed in on the stock. Credit Suisse Group AG set a $34.00 price target on shares of Invesco PLC and gave the stock a “hold” rating in a research report on Sunday, October 30th. 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 reissued a “buy” rating on shares of Invesco PLC in a research report on Friday, August 5th. 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 report on Thursday, October 13th. Finally, Deutsche Bank AG upped their price objective on shares of Invesco PLC from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, October 5th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $36.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Invesco PLC by 1.0% in the second quarter. Vanguard Group Inc. now owns 31,376,066 shares of the company’s stock valued at $801,345,000 after buying an additional 319,989 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Invesco PLC by 2.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 11,524,670 shares of the company’s stock valued at $360,376,000 after buying an additional 245,444 shares during the period. Bank of New York Mellon Corp increased its position in shares of Invesco PLC by 7.0% in the third quarter. Bank of New York Mellon Corp now owns 9,523,670 shares of the company’s stock valued at $297,805,000 after buying an additional 621,095 shares during the period. BlackRock Fund Advisors increased its position in shares of Invesco PLC by 1.5% in the second quarter. BlackRock Fund Advisors now owns 7,344,640 shares of the company’s stock valued at $187,582,000 after buying an additional 107,962 shares during the period. Finally, BlackRock Advisors LLC increased its position in shares of Invesco PLC by 26.7% in the second quarter. BlackRock Advisors LLC now owns 6,245,621 shares of the company’s stock valued at $159,514,000 after buying an additional 1,316,393 shares during the period. Hedge funds and other institutional investors own 79.85% 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.
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