HighTower Advisors LLC Purchases 79,257 Shares of Invesco PLC (IVZ)
HighTower Advisors LLC lifted its position in shares of Invesco PLC (NYSE:IVZ) by 35.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 300,175 shares of the asset manager’s stock after purchasing an additional 79,257 shares during the period. HighTower Advisors LLC owned about 0.07% of Invesco PLC worth $10,575,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of IVZ. Russell Investments Group Ltd. lifted its position in shares of Invesco PLC by 11.0% during the first quarter. Russell Investments Group Ltd. now owns 88,228 shares of the asset manager’s stock worth $2,702,000 after purchasing an additional 8,722 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Invesco PLC by 11.9% in the first quarter. UBS Asset Management Americas Inc. now owns 1,558,878 shares of the asset manager’s stock valued at $47,748,000 after acquiring an additional 165,363 shares in the last quarter. Aberdeen Asset Management PLC UK raised its holdings in Invesco PLC by 5.4% in the first quarter. Aberdeen Asset Management PLC UK now owns 99,656 shares of the asset manager’s stock valued at $3,053,000 after acquiring an additional 5,143 shares in the last quarter. Winfield Associates Inc. raised its holdings in Invesco PLC by 16.5% in the first quarter. Winfield Associates Inc. now owns 14,110 shares of the asset manager’s stock valued at $432,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in Invesco PLC by 16.4% in the first quarter. Schroder Investment Management Group now owns 66,238 shares of the asset manager’s stock valued at $2,035,000 after acquiring an additional 9,339 shares in the last quarter. 79.79% of the stock is currently owned by institutional investors and hedge funds.
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Several research firms have weighed in on IVZ. ValuEngine lowered shares of Invesco PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Citigroup Inc. upgraded shares of Invesco PLC from a “neutral” rating to a “buy” rating and upped their price target for the stock from $35.00 to $37.50 in a research report on Monday, June 5th. BidaskClub upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Royal Bank Of Canada initiated coverage on shares of Invesco PLC in a research report on Thursday, June 29th. They issued an “outperform” rating and a $41.00 target price for the company. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $36.00 target price on shares of Invesco PLC in a research report on Sunday, July 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $37.32.
Invesco PLC (IVZ) traded up 2.22% during midday trading on Friday, hitting $35.04. The stock had a trading volume of 3,333,879 shares. Invesco PLC has a 1-year low of $27.46 and a 1-year high of $36.84. The firm has a market capitalization of $14.26 billion, a price-to-earnings ratio of 15.62 and a beta of 1.80. The firm 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 posted its earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $906.30 million for 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 firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 EPS. On average, equities research analysts anticipate that Invesco PLC will post $2.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, August 17th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Tuesday, August 15th. Invesco PLC’s payout ratio is presently 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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