Public Sector Pension investment Board Sells 47,200 Shares of Invesco PLC (IVZ)
Public Sector Pension investment Board lowered its position in Invesco PLC (NYSE:IVZ) by 50.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,585 shares of the asset manager’s stock after selling 47,200 shares during the period. Public Sector Pension investment Board’s holdings in Invesco PLC were worth $1,604,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in IVZ. Financial Architects Inc boosted its holdings in Invesco PLC by 54.3% in the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock worth $109,000 after acquiring an additional 1,082 shares in the last quarter. Global X Management Co. LLC boosted its holdings in Invesco PLC by 29.4% in the first quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock worth $171,000 after acquiring an additional 1,267 shares in the last quarter. Gilbert & Cook Inc. bought a new position in Invesco PLC in the second quarter worth approximately $203,000. Cornerstone Investment Partners LLC bought a new position in Invesco PLC in the second quarter worth approximately $206,000. Finally, IBM Retirement Fund bought a new position in Invesco PLC in the second quarter worth approximately $210,000. Institutional investors and hedge funds own 79.79% of the company’s stock.
Shares of Invesco PLC (NYSE IVZ) opened at 34.40 on Thursday. Invesco PLC has a 52 week low of $27.46 and a 52 week high of $36.84. The stock has a market capitalization of $14.00 billion, a P/E ratio of 15.34 and a beta of 1.80. The stock has a 50 day moving average price of $33.22 and a 200 day moving average price of $33.02.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The firm had revenue of $906.30 million for the quarter, compared to analysts’ expectations of $891.19 million. During the same period in the previous year, the firm posted $0.56 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts expect that Invesco PLC will post $2.54 EPS 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. 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 3.37%. Invesco PLC’s dividend payout ratio is currently 52.02%.
IVZ has been the topic of several recent research reports. Royal Bank Of Canada initiated coverage on Invesco PLC in a report on Thursday, June 29th. They issued an “outperform” rating and a $41.00 price target on the stock. Zacks Investment Research upgraded Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Tuesday, July 4th. Citigroup Inc. upgraded Invesco PLC from a “neutral” rating to a “buy” rating and increased their price target for the stock from $35.00 to $37.50 in a report on Monday, June 5th. ValuEngine lowered Invesco PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Barclays PLC initiated coverage on Invesco PLC in a report on Friday, September 8th. They issued an “overweight” rating and a $38.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $37.41.
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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