Peloton Wealth Strategists Raises Holdings in Invesco PLC (IVZ)
Peloton Wealth Strategists boosted its position in shares of Invesco PLC (NYSE:IVZ) by 4.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 48,100 shares of the asset manager’s stock after acquiring an additional 1,900 shares during the quarter. Peloton Wealth Strategists’ holdings in Invesco PLC were worth $1,693,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Duncker Streett & Co. Inc. lifted its holdings in shares of Invesco PLC by 0.9% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 6,120 shares of the asset manager’s stock valued at $215,000 after buying an additional 53 shares during the period. IFC Holdings Incorporated FL lifted its holdings in shares of Invesco PLC by 0.7% in the 2nd quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock valued at $428,000 after buying an additional 90 shares during the period. Huntington National Bank lifted its holdings in shares of Invesco PLC by 0.7% in the 2nd quarter. Huntington National Bank now owns 14,321 shares of the asset manager’s stock valued at $504,000 after buying an additional 103 shares during the period. Riverhead Capital Management LLC lifted its holdings in shares of Invesco PLC by 1.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 11,593 shares of the asset manager’s stock valued at $408,000 after buying an additional 144 shares during the period. Finally, Greenwood Capital Associates LLC lifted its holdings in shares of Invesco PLC by 1.0% in the 2nd quarter. Greenwood Capital Associates LLC now owns 20,753 shares of the asset manager’s stock valued at $730,000 after buying an additional 215 shares during the period. 79.71% of the stock is owned by institutional investors.
Invesco PLC (NYSE IVZ) traded up 0.78% during midday trading on Tuesday, hitting $32.35. The stock had a trading volume of 386,333 shares. The stock has a 50-day moving average price of $33.69 and a 200 day moving average price of $33.00. The firm has a market cap of $13.16 billion, a P/E ratio of 14.42 and a beta of 1.80. Invesco PLC has a 12-month low of $27.46 and a 12-month high of $36.83.
Invesco PLC (NYSE:IVZ) last posted its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $906.30 million during the quarter, compared to the consensus estimate of $891.19 million. During the same period last year, the firm earned $0.56 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts anticipate that Invesco PLC will post $2.54 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.61%. Invesco PLC’s dividend payout ratio (DPR) is 52.02%.
Several equities analysts have recently issued reports on the company. Jefferies Group LLC reissued a “buy” rating and issued a $41.00 price objective on shares of Invesco PLC in a report on Sunday, July 30th. ValuEngine upgraded Invesco PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Barclays PLC began coverage on Invesco PLC in a research note on Friday. They issued an “overweight” rating and a $38.00 price target for the company. BidaskClub upgraded Invesco PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $39.00 price target on shares of Invesco PLC in a research note on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $37.38.
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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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