Invesco PLC (IVZ) Holdings Raised by Mn Services Vermogensbeheer B.V.
Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Invesco PLC (NYSE:IVZ) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,087 shares of the asset manager’s stock after acquiring an additional 1,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Invesco PLC were worth $2,351,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. 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 purchasing an additional 1,082 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Invesco PLC in the 2nd quarter valued at approximately $185,000. Gilbert & Cook Inc. purchased a new stake in Invesco PLC in the 2nd quarter valued at approximately $203,000. Cornerstone Investment Partners LLC purchased a new stake in Invesco PLC in the 2nd quarter valued at approximately $206,000. Finally, IBM Retirement Fund purchased a new stake in Invesco PLC in the 2nd quarter valued at approximately $210,000. 79.87% of the stock is owned by institutional investors.
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IVZ has been the topic of several research analyst reports. BidaskClub lowered Invesco PLC from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. ValuEngine upgraded Invesco PLC from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Wells Fargo & Company reiterated an “outperform” rating on shares of Invesco PLC in a report on Sunday, July 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $41.00 price target on shares of Invesco PLC in a report on Friday, October 27th. Finally, UBS AG upped their price objective on Invesco PLC from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $38.50.
In related news, insider Colin Meadows sold 54,215 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total transaction of $1,952,282.15. Following the completion of the transaction, the insider now owns 164,420 shares in the company, valued at $5,920,764.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.
Shares of Invesco PLC (IVZ) opened at $35.69 on Thursday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. The stock has a market cap of $14,496.05, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 1.12 and a beta of 1.81. Invesco PLC has a 12-month low of $28.06 and a 12-month high of $37.75.
Invesco PLC (NYSE:IVZ) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. The firm had revenue of $976.60 million for the quarter, compared to analyst estimates of $940.96 million. Invesco PLC had a net margin of 18.99% and a return on equity of 13.02%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. sell-side analysts predict that Invesco PLC will post 2.66 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Tuesday, November 14th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Monday, November 13th. Invesco PLC’s dividend payout ratio is presently 50.44%.
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.
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