Chartwell Investment Partners LLC Holds Position in Invesco PLC (IVZ)
Chartwell Investment Partners LLC continued to hold its stake in Invesco PLC (NYSE:IVZ) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 50,060 shares of the asset manager’s stock at the end of the second quarter. Chartwell Investment Partners LLC’s holdings in Invesco PLC were worth $1,762,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Financial Architects Inc increased its stake in Invesco PLC by 54.3% in the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock worth $109,000 after buying an additional 1,082 shares during the period. IFP Advisors Inc increased its stake in Invesco PLC by 5.9% in the first quarter. IFP Advisors Inc now owns 3,950 shares of the asset manager’s stock worth $121,000 after buying an additional 221 shares during the period. Global X Management Co. LLC increased its stake in Invesco PLC by 29.4% in the first quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock worth $171,000 after buying an additional 1,267 shares during the period. Gilbert & Cook Inc. acquired a new stake in Invesco PLC during the second quarter worth about $203,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in Invesco PLC during the second quarter worth about $206,000. Institutional investors own 79.20% of the company’s stock.
Shares of Invesco PLC (NYSE:IVZ) opened at 32.87 on Thursday. The company has a market cap of $13.37 billion, a PE ratio of 14.65 and a beta of 1.80. The company’s 50-day moving average is $34.91 and its 200 day moving average is $32.96. Invesco PLC has a 52-week low of $27.46 and a 52-week high of $36.84.
Invesco PLC (NYSE:IVZ) last announced its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $906.30 million during the quarter, compared to analyst estimates of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.56 earnings per share. On average, analysts anticipate 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 paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Tuesday, August 15th. Invesco PLC’s payout ratio is 52.02%.
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A number of research firms have recently issued reports on IVZ. Jefferies Group LLC reiterated a “buy” rating and issued a $41.00 price objective on shares of Invesco PLC in a report on Sunday, July 30th. ValuEngine upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating in a report on Friday, June 9th. BidaskClub downgraded shares of Invesco PLC from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Keefe, Bruyette & Woods restated a “buy” rating and set a $39.00 target price on shares of Invesco PLC in a report on Sunday, July 30th. Finally, Deutsche Bank AG boosted their target price on shares of Invesco PLC from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, April 28th. One equities research 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. The company currently has a consensus 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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