Huntington National Bank Has $504,000 Position in Invesco PLC (IVZ)
Huntington National Bank increased its stake in shares of Invesco PLC (NYSE:IVZ) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,321 shares of the asset manager’s stock after buying an additional 103 shares during the period. Huntington National Bank’s holdings in Invesco PLC were worth $504,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. IFP Advisors Inc boosted its stake in shares of Invesco PLC by 5.9% in the first quarter. IFP Advisors Inc now owns 3,950 shares of the asset manager’s stock valued at $121,000 after buying an additional 221 shares during the period. Bank of Nova Scotia boosted its stake in shares of Invesco PLC by 2.9% in the first quarter. Bank of Nova Scotia now owns 9,586 shares of the asset manager’s stock valued at $294,000 after buying an additional 270 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Invesco PLC by 2.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 10,895 shares of the asset manager’s stock valued at $312,000 after buying an additional 271 shares during the period. Trust Co boosted its stake in shares of Invesco PLC by 1.4% in the fourth quarter. Trust Co now owns 21,590 shares of the asset manager’s stock valued at $655,000 after buying an additional 293 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Invesco PLC by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 25,200 shares of the asset manager’s stock valued at $887,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 79.80% of the company’s stock.
Shares of Invesco PLC (IVZ) opened at 34.57 on Monday. Invesco PLC has a 12-month low of $27.46 and a 12-month high of $36.83. The firm has a market capitalization of $14.07 billion, a P/E ratio of 15.41 and a beta of 1.80. The company has a 50-day moving average price of $35.43 and a 200-day moving average price of $32.57.
Invesco PLC (NYSE:IVZ) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The company had revenue of $906.30 million during the quarter, compared to the consensus estimate of $891.19 million. During the same period in the previous year, the firm posted $0.56 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. Equities analysts predict that Invesco PLC will post $2.54 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Tuesday, August 15th. Invesco PLC’s dividend payout ratio is currently 52.02%.
Several equities research analysts recently issued reports on the company. Royal Bank Of Canada began coverage on Invesco PLC in a research note on Thursday, June 29th. They issued an “outperform” rating and a $41.00 price target for the company. Jefferies Group LLC restated a “buy” rating and set a $35.00 price objective on shares of Invesco PLC in a research report on Wednesday, May 17th. Wells Fargo & Company restated an “outperform” rating on shares of Invesco PLC in a research report on Sunday, July 30th. BidaskClub downgraded shares of Invesco PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $36.00 price objective on shares of Invesco PLC in a research report on Sunday, July 2nd. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $37.29.
About Invesco PLC
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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