Massachusetts Financial Services Co. MA purchased a new stake in Invesco PLC (NYSE:IVZ) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,054,029 shares of the asset manager’s stock, valued at approximately $32,285,000. Massachusetts Financial Services Co. MA owned approximately 0.26% of Invesco PLC as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of IVZ. IFP Advisors Inc raised its stake in shares of Invesco PLC by 5.9% in the first quarter. IFP Advisors Inc now owns 3,950 shares of the asset manager’s stock valued at $121,000 after buying an additional 221 shares during the period. Bessemer Group Inc. raised its stake in shares of Invesco PLC by 99.8% in the fourth quarter. Bessemer Group Inc. now owns 5,110 shares of the asset manager’s stock valued at $155,000 after buying an additional 2,552 shares during the period. Duncker Streett & Co. Inc. raised its stake in shares of Invesco PLC by 110.1% in the first quarter. Duncker Streett & Co. Inc. now owns 6,067 shares of the asset manager’s stock valued at $186,000 after buying an additional 3,180 shares during the period. Americafirst Capital Management LLC purchased a new stake in shares of Invesco PLC during the first quarter valued at about $188,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Invesco PLC during the first quarter valued at about $203,000. 79.83% of the stock is owned by hedge funds and other institutional investors.
Shares of Invesco PLC (IVZ) traded down 0.607% on Tuesday, reaching $35.185. The company had a trading volume of 738,494 shares. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 16.008 and a beta of 1.81. The stock’s 50 day moving average is $32.75 and its 200 day moving average is $31.67. Invesco PLC has a 52 week low of $23.02 and a 52 week high of $35.48.
Invesco PLC (NYSE:IVZ) last announced its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.05. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.22 billion. Invesco PLC had a net margin of 18.94% and a return on equity of 12.51%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. On average, equities analysts anticipate that Invesco PLC will post $2.50 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 12th were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $1.16 annualized dividend and a yield of 3.28%. This is an increase from Invesco PLC’s previous quarterly dividend of $0.28. Invesco PLC’s dividend payout ratio (DPR) is presently 52.97%.
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Several equities research analysts have issued reports on the company. Zacks Investment Research lowered Invesco PLC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 21st. Credit Suisse Group reaffirmed a “hold” rating and set a $34.00 price target on shares of Invesco PLC in a research note on Friday, April 7th. ValuEngine raised Invesco PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $33.00 price target on shares of Invesco PLC in a research note on Thursday, April 6th. Finally, Goldman Sachs Group, Inc. (The) raised Invesco PLC from a “neutral” rating to a “conviction-buy” rating and lifted their price target for the stock from $30.00 to $37.00 in a research note on Wednesday, March 15th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $35.75.
In other Invesco PLC news, insider Philip Taylor sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $32.40, for a total value of $1,944,000.00. Following the completion of the sale, the insider now owns 146,222 shares of the company’s stock, valued at $4,737,592.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.
Invesco PLC Company 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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