Sterling Capital Management LLC trimmed its position in shares of Invesco PLC (NYSE:IVZ) by 5.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,946,345 shares of the asset manager’s stock after selling 104,390 shares during the quarter. Sterling Capital Management LLC owned approximately 0.48% of Invesco PLC worth $68,492,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Architects Inc boosted its position in Invesco PLC by 54.3% during the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock worth $109,000 after purchasing an additional 1,082 shares in the last quarter. Global X Management Co. LLC boosted its position in Invesco PLC by 29.4% during the first quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock worth $171,000 after purchasing an additional 1,267 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Invesco PLC during the second quarter worth $185,000. Gilbert & Cook Inc. purchased a new stake in Invesco PLC during the second quarter worth $203,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in Invesco PLC during the second quarter worth $206,000. Institutional investors own 79.79% of the company’s stock.

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Invesco PLC (NYSE:IVZ) traded up 0.33% during trading on Wednesday, hitting $36.20. The stock had a trading volume of 1,083,192 shares. Invesco PLC has a 1-year low of $27.46 and a 1-year high of $36.83. The firm’s 50-day moving average price is $33.60 and its 200-day moving average price is $33.39. The stock has a market cap of $14.73 billion, a PE ratio of 16.16 and a beta of 1.80.

Invesco PLC (NYSE:IVZ) last released its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. The business 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 company’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.56 EPS. On average, equities research analysts predict that Invesco PLC will post $2.56 earnings per share for the current fiscal year.

A number of research firms have commented on IVZ. Royal Bank Of Canada began coverage on 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 $41.00 target price on shares of Invesco PLC in a research report on Sunday, July 30th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $36.00 target price on shares of Invesco PLC in a research report on Sunday, July 2nd. Citigroup Inc. boosted their target price on Invesco PLC from $38.50 to $39.50 and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Finally, Barclays PLC began coverage on 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 research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $37.46.

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.

Institutional Ownership by Quarter for Invesco PLC (NYSE:IVZ)

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