Invesco PLC (IVZ) Position Lowered by Ameriprise Financial Inc.
Ameriprise Financial Inc. lessened its holdings in shares of Invesco PLC (NYSE:IVZ) by 23.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,193,441 shares of the asset manager’s stock after selling 1,280,463 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.03% of Invesco PLC worth $147,561,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in IVZ. BlackRock Inc. raised its holdings in Invesco PLC by 2,611.3% in the first quarter. BlackRock Inc. now owns 32,067,091 shares of the asset manager’s stock worth $982,213,000 after purchasing an additional 30,884,375 shares in the last quarter. Quantbot Technologies LP raised its holdings in Invesco PLC by 474.2% in the first quarter. Quantbot Technologies LP now owns 111,611 shares of the asset manager’s stock worth $3,418,000 after purchasing an additional 92,173 shares in the last quarter. Legal & General Group Plc raised its holdings in Invesco PLC by 5.4% in the first quarter. Legal & General Group Plc now owns 2,100,821 shares of the asset manager’s stock worth $64,347,000 after purchasing an additional 108,212 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in Invesco PLC by 19.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,245 shares of the asset manager’s stock worth $283,000 after purchasing an additional 1,496 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Invesco PLC by 29.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,724,702 shares of the asset manager’s stock worth $83,457,000 after purchasing an additional 626,364 shares in the last quarter. Institutional investors own 79.71% of the company’s stock.
A number of equities analysts have issued reports on IVZ shares. Jefferies Group LLC increased their price objective on Invesco PLC from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, July 4th. Zacks Investment Research upgraded Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Tuesday, July 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $36.00 price objective on shares of Invesco PLC in a report on Sunday, July 2nd. BidaskClub upgraded Invesco PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, ValuEngine upgraded Invesco PLC from a “hold” rating to a “buy” rating in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $37.38.
Shares of Invesco PLC (NYSE IVZ) opened at 33.08 on Friday. Invesco PLC has a 1-year low of $27.46 and a 1-year high of $36.84. The stock has a market capitalization of $13.46 billion, a PE ratio of 14.75 and a beta of 1.80. The stock has a 50 day moving average price of $33.28 and a 200-day moving average price of $32.99.
Invesco PLC (NYSE:IVZ) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The firm had revenue of $906.30 million during the quarter, compared to analyst estimates of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 EPS. On average, analysts forecast that Invesco PLC will post $2.54 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Tuesday, August 15th. Invesco PLC’s payout ratio is 52.02%.
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.
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