ARGI Investment Services LLC raised its stake in Invesco PLC (NYSE:IVZ) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,720 shares of the asset manager’s stock after purchasing an additional 2,330 shares during the period. ARGI Investment Services LLC’s holdings in Invesco were worth $1,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of IVZ. Vanguard Group Inc. grew its stake in shares of Invesco 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 acquiring an additional 1,092,898 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Invesco by 4.9% during the third quarter. JPMorgan Chase & Co. now owns 11,517,149 shares of the asset manager’s stock worth $394,807,000 after acquiring an additional 538,969 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Invesco by 6.3% during the third quarter. American Century Companies Inc. now owns 9,478,671 shares of the asset manager’s stock worth $332,133,000 after acquiring an additional 563,407 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Invesco by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 9,374,021 shares of the asset manager’s stock worth $328,466,000 after acquiring an additional 88,330 shares during the last quarter. Finally, Kiltearn Partners LLP grew its stake in shares of Invesco by 38.5% during the second quarter. Kiltearn Partners LLP now owns 5,765,510 shares of the asset manager’s stock worth $202,888,000 after acquiring an additional 1,602,510 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

In other Invesco news, insider Colin Meadows sold 54,215 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total value of $1,952,282.15. Following the completion of the transaction, the insider now directly owns 164,420 shares of the company’s stock, valued at $5,920,764.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

A number of equities research analysts have recently weighed in on IVZ shares. ValuEngine upgraded Invesco from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Royal Bank Of Canada restated a “buy” rating and set a $41.00 price target on shares of Invesco in a research note on Friday, October 27th. UBS boosted their price target on Invesco from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. Zacks Investment Research raised Invesco from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, October 11th. Finally, Wells Fargo & Company lifted their target price on Invesco from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $38.50.

Shares of Invesco PLC (NYSE:IVZ) traded up $0.04 during trading hours on Monday, reaching $36.21. The company’s stock had a trading volume of 3,226,400 shares, compared to its average volume of 2,724,870. Invesco PLC has a one year low of $28.75 and a one year high of $37.75. The firm has a market capitalization of $14,740.29, a P/E ratio of 14.20, a PEG ratio of 1.14 and a beta of 1.81. 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 (NYSE:IVZ) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. Invesco had a return on equity of 13.02% and a net margin of 18.99%. The company had revenue of $976.60 million during the quarter, compared to the consensus estimate of $940.96 million. During the same period in the previous year, the company posted $0.60 earnings per share. Invesco’s revenue for the quarter was up 14.3% on a year-over-year basis. equities research analysts anticipate that Invesco PLC will post 2.66 EPS for the current year.

The business 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 $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Monday, November 13th. Invesco’s payout ratio is presently 50.44%.

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About Invesco

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 (NYSE:IVZ)

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