1st Global Advisors Inc. Sells 182 Shares of Invesco PLC (IVZ)
1st Global Advisors Inc. cut its holdings in shares of Invesco PLC (NYSE:IVZ) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,042 shares of the asset manager’s stock after selling 182 shares during the period. 1st Global Advisors Inc.’s holdings in Invesco PLC were worth $389,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Financial Architects Inc increased its position in shares of 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 acquiring an additional 1,082 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of Invesco PLC during the second quarter worth about $185,000. Global X Management Co. LLC increased its position in shares of 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 acquiring an additional 1,267 shares in the last quarter. Gilbert & Cook Inc. bought a new stake in shares of Invesco PLC during the second quarter worth about $203,000. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Invesco PLC during the second quarter worth about $206,000. 79.80% of the stock is owned by institutional investors.
Invesco PLC (NYSE IVZ) traded up 0.61% on Wednesday, reaching $36.41. 231,967 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $33.92 and its 200 day moving average price is $33.52. Invesco PLC has a 52-week low of $27.46 and a 52-week high of $36.84. The company has a market cap of $14.81 billion, a PE ratio of 16.23 and a beta of 1.80.
Invesco PLC (NYSE:IVZ) last announced 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 net margin of 18.98% and a return on equity of 12.74%. The firm had revenue of $906.30 million during the quarter, compared to analyst estimates of $891.19 million. During the same period in the previous year, the business posted $0.56 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts expect that Invesco PLC will post $2.57 earnings per share for the current year.
IVZ has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Invesco PLC from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Wells Fargo & Company upped their price objective on shares of Invesco PLC from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $38.00 price objective (up from $36.00) on shares of Invesco PLC in a research report on Monday, July 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Invesco PLC in a research report on Tuesday, October 3rd. Finally, ValuEngine raised shares of Invesco PLC from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. Invesco PLC currently has a consensus rating of “Buy” and a consensus target price of $38.04.
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Invesco PLC Company 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.
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