Cambridge Investment Research Advisors Inc. Decreases Position in Invesco PLC (IVZ)
Cambridge Investment Research Advisors Inc. cut its stake in shares of Invesco PLC (NYSE:IVZ) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,955 shares of the asset manager’s stock after selling 207 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Invesco PLC were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Financial Architects Inc grew its holdings in shares of Invesco PLC by 54.3% during the 2nd quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock valued at $109,000 after purchasing an additional 1,082 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Invesco PLC by 5.9% during the 1st quarter. IFP Advisors Inc now owns 3,950 shares of the asset manager’s stock valued at $121,000 after purchasing an additional 221 shares during the last quarter. Global X Management Co. LLC grew its holdings in shares of Invesco PLC by 29.4% during the 1st quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock valued at $171,000 after purchasing an additional 1,267 shares during the last quarter. Gilbert & Cook Inc. bought a new stake in shares of Invesco PLC during the 2nd quarter valued at approximately $203,000. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Invesco PLC during the 2nd quarter valued at approximately $206,000. 79.71% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on IVZ shares. Royal Bank Of Canada started coverage on shares of Invesco PLC in a research report on Thursday, June 29th. They set an “outperform” rating and a $41.00 target price on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $35.00 target price on shares of Invesco PLC in a research report on Wednesday, May 17th. Wells Fargo & Company reiterated an “outperform” rating on shares of Invesco PLC in a research report on Sunday, July 30th. BidaskClub downgraded shares of Invesco PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Barclays PLC started coverage on shares of Invesco PLC in a research report on Friday, September 8th. They set an “overweight” rating and a $38.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Invesco PLC currently has an average rating of “Buy” and an average target price of $37.38.
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Invesco PLC (IVZ) opened at 32.51 on Wednesday. Invesco PLC has a 12 month low of $27.46 and a 12 month high of $36.84. The stock has a 50 day moving average of $33.65 and a 200-day moving average of $33.00. The firm has a market cap of $13.23 billion, a P/E ratio of 14.49 and a beta of 1.80.
Invesco PLC (NYSE:IVZ) last issued its earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $906.30 million for the quarter, compared to analysts’ expectations of $891.19 million. During the same quarter last year, the business earned $0.56 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. Equities research analysts predict that Invesco PLC will post $2.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Tuesday, August 15th. Invesco PLC’s dividend 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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