Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Holdings in Invesco PLC (IVZ)
Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Invesco PLC (NYSE:IVZ) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,227 shares of the asset manager’s stock after buying an additional 291 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Invesco PLC were worth $1,064,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Invesco PLC by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 40,096,178 shares of the asset manager’s stock worth $1,228,146,000 after buying an additional 870,284 shares in the last quarter. BlackRock Inc. lifted its holdings in Invesco PLC by 2,611.3% during the 1st quarter. BlackRock Inc. now owns 32,067,091 shares of the asset manager’s stock worth $982,213,000 after buying an additional 30,884,375 shares in the last quarter. State Street Corp lifted its holdings in Invesco PLC by 1.2% during the 1st quarter. State Street Corp now owns 19,457,316 shares of the asset manager’s stock worth $595,977,000 after buying an additional 240,087 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Invesco PLC by 2.0% during the 1st quarter. JPMorgan Chase & Co. now owns 10,981,317 shares of the asset manager’s stock worth $336,358,000 after buying an additional 210,558 shares in the last quarter. Finally, Sound Shore Management Inc. CT lifted its holdings in Invesco PLC by 14.8% during the 1st quarter. Sound Shore Management Inc. CT now owns 5,145,083 shares of the asset manager’s stock worth $157,594,000 after buying an additional 663,336 shares in the last quarter. 79.71% of the stock is currently owned by hedge funds and other institutional investors.
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IVZ has been the topic of several research reports. Citigroup Inc. raised Invesco PLC from a “neutral” rating to a “buy” rating and upped their price objective for the stock 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 price objective on shares of Invesco PLC in a report on Sunday, July 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $38.00 price objective (up previously from $36.00) on shares of Invesco PLC in a report on Monday, July 10th. BidaskClub downgraded Invesco PLC from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Finally, ValuEngine downgraded Invesco PLC from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $37.38.
Shares of Invesco PLC (NYSE:IVZ) opened at 32.10 on Tuesday. Invesco PLC has a 52-week low of $27.46 and a 52-week high of $36.83. The company has a 50 day moving average of $33.69 and a 200-day moving average of $33.00. The company has a market cap of $13.06 billion, a PE ratio of 14.31 and a beta of 1.80.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $906.30 million for the quarter, compared to analyst estimates of $891.19 million. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. Invesco PLC’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share. Analysts forecast that Invesco PLC will post $2.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, August 17th were issued a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.16 annualized dividend and a yield of 3.61%. Invesco PLC’s payout ratio is 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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