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.

COPYRIGHT VIOLATION WARNING: This story was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.thecerbatgem.com/2017/09/16/invesco-plc-ivz-position-lowered-by-ameriprise-financial-inc.html.

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.

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).

Institutional Ownership by Quarter 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.