Blair William & Co. IL lowered its position in shares of Invesco PLC (NYSE:IVZ) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 470,997 shares of the asset manager’s stock after selling 17,823 shares during the period. Blair William & Co. IL owned about 0.12% of Invesco PLC worth $16,574,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IVZ. Korea Investment CORP increased its position in shares of Invesco PLC by 64.1% in the first quarter. Korea Investment CORP now owns 42,973 shares of the asset manager’s stock worth $1,316,000 after buying an additional 16,789 shares during the last quarter. IFC Holdings Incorporated FL increased its position in shares of Invesco PLC by 48.4% in the first quarter. IFC Holdings Incorporated FL now owns 12,071 shares of the asset manager’s stock worth $369,000 after buying an additional 3,936 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position 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 worth $312,000 after buying an additional 271 shares during the last quarter. Northwest Investment Counselors LLC increased its position in shares of Invesco PLC by 1.5% in the first quarter. Northwest Investment Counselors LLC now owns 57,619 shares of the asset manager’s stock worth $1,765,000 after buying an additional 853 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Invesco PLC by 31.6% in the first quarter. Nationwide Fund Advisors now owns 374,526 shares of the asset manager’s stock worth $11,472,000 after buying an additional 90,038 shares during the last quarter. 79.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Invesco PLC (IVZ) opened at 32.86 on Friday. The company’s 50 day moving average is $35.10 and its 200 day moving average is $32.87. The company has a market capitalization of $13.37 billion, a P/E ratio of 14.65 and a beta of 1.80. Invesco PLC has a 12-month low of $27.46 and a 12-month high of $36.84.

Invesco PLC (NYSE:IVZ) last released its earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The business had revenue of $906.30 million during the quarter, compared to analysts’ expectations of $891.19 million. During the same period last year, the business earned $0.56 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. Analysts expect that Invesco PLC will post $2.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 17th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 3.53%. Invesco PLC’s dividend payout ratio is presently 52.02%.

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Several analysts have commented on the stock. Morgan Stanley reissued an “overweight” rating and issued a $38.00 target price (up from $36.00) on shares of Invesco PLC in a research report on Monday, July 10th. Jefferies Group LLC boosted their target price on shares of Invesco PLC from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, July 4th. Zacks Investment Research raised shares of Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Tuesday, July 4th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $36.00 target price on shares of Invesco PLC in a research report on Sunday, July 2nd. Finally, Royal Bank Of Canada assumed coverage on shares of Invesco PLC in a research report on Thursday, June 29th. They issued an “outperform” rating and a $41.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Invesco PLC presently has an average rating of “Buy” and an average target price of $37.29.

Invesco PLC Company Profile

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

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