Associated Banc Corp Acquires 24,290 Shares of Invesco PLC (IVZ)
Associated Banc Corp increased its holdings in shares of Invesco PLC (NYSE:IVZ) by 29.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,716 shares of the asset manager’s stock after purchasing an additional 24,290 shares during the period. Associated Banc Corp’s holdings in Invesco PLC were worth $3,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Financial Architects Inc raised its holdings in shares of Invesco PLC by 54.3% during the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock worth $109,000 after purchasing an additional 1,082 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Invesco PLC by 5.9% during the first quarter. IFP Advisors Inc now owns 3,950 shares of the asset manager’s stock worth $121,000 after purchasing an additional 221 shares during the last quarter. Global X Management Co. LLC raised its holdings in shares of Invesco PLC by 29.4% during the first quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock worth $171,000 after purchasing an additional 1,267 shares during the last quarter. Gilbert & Cook Inc. purchased a new position in shares of Invesco PLC during the second quarter worth $203,000. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Invesco PLC during the second quarter worth $206,000. 79.71% of the stock is owned by hedge funds and other institutional investors.
Shares of Invesco PLC (NYSE:IVZ) remained flat at $32.51 during trading on Wednesday. 845,422 shares of the stock traded hands. The firm has a market cap of $13.23 billion, a PE ratio of 14.49 and a beta of 1.80. Invesco PLC has a 52 week low of $27.46 and a 52 week high of $36.84. The company’s 50-day moving average is $33.65 and its 200-day moving average is $33.00.
Invesco PLC (NYSE:IVZ) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. The business had revenue of $906.30 million during the quarter, compared to the consensus estimate of $891.19 million. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 earnings per share. Equities research analysts anticipate that Invesco PLC will post $2.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.57%. The ex-dividend date was Tuesday, August 15th. Invesco PLC’s dividend payout ratio (DPR) is presently 52.02%.
COPYRIGHT VIOLATION NOTICE: “Associated Banc Corp Acquires 24,290 Shares of Invesco PLC (IVZ)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.thecerbatgem.com/2017/09/13/associated-banc-corp-acquires-24290-shares-of-invesco-plc-ivz.html.
A number of research analysts have weighed in on IVZ shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Invesco PLC in a report on Wednesday, May 17th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $39.00 target price on shares of Invesco PLC in a report on Sunday, July 30th. Zacks Investment Research upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Tuesday, July 4th. BidaskClub upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, ValuEngine upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Invesco PLC has a consensus rating of “Buy” and an average target price of $37.38.
About Invesco PLC
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.
Want to see what other hedge funds are holding IVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco PLC (NYSE:IVZ).
Receive News & Stock Ratings for Invesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco PLC and related stocks with our FREE daily email newsletter.