W. E. Donoghue & Co. LLC bought a new position in Invesco PLC (NYSE:IVZ) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 469,293 shares of the asset manager’s stock, valued at approximately $16,514,000. Invesco PLC comprises 1.9% of W. E. Donoghue & Co. LLC’s portfolio, making the stock its 15th biggest position. W. E. Donoghue & Co. LLC owned 0.12% of Invesco PLC at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. lifted its holdings in shares of Invesco PLC by 0.9% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 6,120 shares of the asset manager’s stock worth $215,000 after acquiring an additional 53 shares during the last quarter. Flinton Capital Management LLC lifted its holdings in shares of Invesco PLC by 0.8% in the 2nd quarter. Flinton Capital Management LLC now owns 10,368 shares of the asset manager’s stock worth $365,000 after acquiring an additional 80 shares during the last quarter. IFC Holdings Incorporated FL lifted its holdings in shares of Invesco PLC by 0.7% in the 2nd quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock worth $428,000 after acquiring an additional 90 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Invesco PLC by 0.7% in the 2nd quarter. Huntington National Bank now owns 14,321 shares of the asset manager’s stock worth $504,000 after acquiring an additional 103 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its holdings in shares of Invesco PLC by 1.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 11,593 shares of the asset manager’s stock worth $408,000 after acquiring an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 79.80% of the company’s stock.

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Invesco PLC (NYSE:IVZ) traded up 0.76% on Friday, reaching $37.16. 510,146 shares of the company’s stock were exchanged. Invesco PLC has a one year low of $27.46 and a one year high of $37.38. The stock has a market cap of $15.12 billion, a price-to-earnings ratio of 16.57 and a beta of 1.80. The firm has a 50 day moving average of $34.35 and a 200-day moving average of $33.65.

Invesco PLC (NYSE:IVZ) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. The company had revenue of $906.30 million for the quarter, compared to analyst estimates of $891.19 million. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 earnings per share. Equities research analysts forecast that Invesco PLC will post $2.58 EPS for the current fiscal year.

IVZ has been the subject of several analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $39.00 target price on shares of Invesco PLC in a report on Sunday, July 30th. Jefferies Group LLC restated a “buy” rating and issued a $41.00 target price on shares of Invesco PLC in a report on Sunday, July 30th. Zacks Investment Research upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Tuesday, July 4th. ValuEngine raised shares of Invesco PLC from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Citigroup Inc. raised their price target on shares of Invesco PLC from $38.50 to $39.50 and gave the stock a “buy” rating in a research note on Tuesday, October 3rd. One 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’s stock. Invesco PLC presently has a consensus rating of “Buy” and an average price target of $38.04.

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

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