Quantbot Technologies LP Invests $4.08 Million in Invesco PLC (IVZ) Stock
Quantbot Technologies LP bought a new position in shares of Invesco PLC (NYSE:IVZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 116,364 shares of the asset manager’s stock, valued at approximately $4,077,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Architects Inc raised its stake 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 acquiring an additional 1,082 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Invesco PLC during the second quarter worth about $185,000. Gilbert & Cook Inc. acquired a new position in Invesco PLC during the second quarter worth about $203,000. IBM Retirement Fund acquired a new position in Invesco PLC during the second quarter worth about $210,000. Finally, Financial Counselors Inc. acquired a new position in Invesco PLC during the second quarter worth about $215,000. 80.77% of the stock is owned by hedge funds and other institutional investors.
IVZ has been the subject of several research analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $39.00 target price on shares of Invesco PLC in a research note on Sunday, July 30th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Invesco PLC in a research note on Sunday, July 30th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Invesco PLC in a research note on Sunday, July 30th. BidaskClub downgraded Invesco PLC from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research downgraded Invesco PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Invesco PLC has an average rating of “Hold” and an average price target of $38.50.
Invesco PLC (IVZ) traded up $0.01 during trading on Thursday, hitting $34.48. The company’s stock had a trading volume of 4,631,700 shares, compared to its average volume of 2,734,291. The company has a market cap of $14,031.98, a PE ratio of 13.52, a price-to-earnings-growth ratio of 1.09 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 posted its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The firm had revenue of $976.60 million for the quarter, compared to analysts’ expectations of $940.96 million. Invesco PLC had a return on equity of 13.02% and a net margin of 18.99%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 EPS. sell-side analysts expect that Invesco PLC will post 2.66 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Tuesday, November 14th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Monday, November 13th. Invesco PLC’s payout ratio is 50.44%.
In other Invesco PLC news, insider Colin Meadows sold 54,215 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 164,420 shares in the company, valued at approximately $5,920,764.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.
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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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