JPMorgan Chase & Co. Has $386.32 Million Holdings in Invesco PLC (IVZ)
JPMorgan Chase & Co. decreased its position in Invesco PLC (NYSE:IVZ) by 0.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,978,180 shares of the asset manager’s stock after selling 3,137 shares during the quarter. JPMorgan Chase & Co. owned about 2.70% of Invesco PLC worth $386,322,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Financial Architects Inc lifted its holdings in shares of Invesco PLC by 54.3% in the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock valued at $109,000 after buying an additional 1,082 shares during the period. IFP Advisors Inc lifted its holdings 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. Global X Management Co. LLC lifted its holdings in shares of 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 valued at $171,000 after buying an additional 1,267 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Invesco PLC during the first quarter valued at $203,000. Finally, Gilbert & Cook Inc. purchased a new stake in shares of Invesco PLC during the second quarter valued at $203,000. Institutional investors and hedge funds own 79.71% of the company’s stock.
IVZ has been the subject of several analyst reports. Citigroup Inc. raised Invesco PLC from a “neutral” rating to a “buy” rating and upped their target price for the company from $35.00 to $37.50 in a report on Monday, June 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $41.00 target price on shares of Invesco PLC in a report on Sunday, July 30th. Morgan Stanley reissued an “overweight” rating and set a $38.00 price target (up from $36.00) on shares of Invesco PLC in a research report on Monday, July 10th. BidaskClub lowered Invesco PLC from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, Zacks Investment Research raised Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $37.29.
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Shares of Invesco PLC (NYSE IVZ) opened at 33.12 on Monday. The company’s 50-day moving average price is $34.29 and its 200 day moving average price is $33.02. The company has a market cap of $13.48 billion, a P/E ratio of 14.77 and a beta of 1.80. Invesco PLC has a 52 week low of $27.46 and a 52 week high of $36.83.
Invesco PLC (NYSE:IVZ) last issued 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 return on equity of 12.74% and a net margin of 18.98%. The company had revenue of $906.30 million during the quarter, compared to analysts’ expectations of $891.19 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. On average, equities analysts forecast that Invesco PLC will post $2.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Tuesday, August 15th. Invesco PLC’s dividend payout ratio is presently 52.02%.
Invesco PLC 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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