Invesco PLC (IVZ) Shares Bought by Todd Asset Management LLC
Todd Asset Management LLC boosted its position in shares of Invesco PLC (NYSE:IVZ) by 71.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,156,421 shares of the asset manager’s stock after purchasing an additional 482,569 shares during the quarter. Invesco PLC makes up 1.1% of Todd Asset Management LLC’s portfolio, making the stock its 21st biggest holding. Todd Asset Management LLC owned 0.28% of Invesco PLC worth $40,521,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its position in Invesco PLC by 7.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,344,769 shares of the asset manager’s stock worth $47,323,000 after purchasing an additional 87,755 shares in the last quarter. Eaton Vance Management boosted its position in Invesco PLC by 247.2% during the second quarter. Eaton Vance Management now owns 452,597 shares of the asset manager’s stock worth $15,927,000 after purchasing an additional 322,230 shares in the last quarter. Wells Fargo & Company MN boosted its position in Invesco PLC by 17.3% during the second quarter. Wells Fargo & Company MN now owns 1,300,168 shares of the asset manager’s stock worth $45,754,000 after purchasing an additional 192,018 shares in the last quarter. Vanguard Group Inc. boosted its position in Invesco PLC by 2.7% during the second quarter. Vanguard Group Inc. now owns 41,189,076 shares of the asset manager’s stock worth $1,449,444,000 after purchasing an additional 1,092,898 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in Invesco PLC by 5,060.5% during the second quarter. Janus Henderson Group PLC now owns 2,787,996 shares of the asset manager’s stock worth $98,110,000 after purchasing an additional 2,733,970 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.
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In other Invesco PLC news, insider Colin Meadows sold 54,215 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total transaction of $1,952,282.15. Following the completion of the sale, the insider now directly owns 164,420 shares in the company, valued at $5,920,764.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.
Invesco PLC (IVZ) traded down $0.35 during trading on Monday, reaching $35.15. The company had a trading volume of 1,598,100 shares, compared to its average volume of 2,731,662. The firm has a market capitalization of $14,040.00, a price-to-earnings ratio of 13.78, a P/E/G ratio of 1.11 and a beta of 1.81. Invesco PLC has a 52-week low of $28.75 and a 52-week high of $37.75. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.50 and a quick ratio of 1.50.
Invesco PLC (NYSE:IVZ) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05. The company had revenue of $976.60 million during the quarter, compared to analyst estimates of $940.96 million. Invesco PLC had a return on equity of 13.02% and a net margin of 18.99%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 earnings per share. equities research analysts forecast that Invesco PLC will post 2.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Monday, November 13th. This represents a $1.16 annualized dividend and a yield of 3.30%. Invesco PLC’s dividend payout ratio is presently 50.22%.
Several analysts have recently issued reports on IVZ shares. Zacks Investment Research downgraded Invesco PLC from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $39.00 price objective on shares of Invesco PLC in a research report on Tuesday, October 3rd. Wells Fargo & Company upped their price objective on Invesco PLC from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, October 11th. Goldman Sachs Group, Inc. (The) downgraded Invesco PLC from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $38.00 to $36.00 in a research report on Thursday, September 28th. Finally, ValuEngine downgraded Invesco PLC from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. 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 stock has a consensus rating of “Buy” and a consensus target price of $38.50.
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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