American National Insurance Co. TX maintained its position in shares of Invesco PLC (NYSE:IVZ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,515 shares of the asset manager’s stock at the end of the second quarter. American National Insurance Co. TX’s holdings in Invesco PLC were worth $6,775,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of IVZ. BlackRock Inc. increased its stake in shares of Invesco PLC by 2,611.3% in the first quarter. BlackRock Inc. now owns 32,067,091 shares of the asset manager’s stock valued at $982,213,000 after buying an additional 30,884,375 shares during the period. Kentucky Retirement Systems purchased a new stake in shares of Invesco PLC during the fourth quarter valued at approximately $899,000. Russell Investments Group Ltd. purchased a new stake in shares of Invesco PLC during the fourth quarter valued at approximately $2,392,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Invesco PLC during the fourth quarter valued at approximately $401,000. Finally, Quantbot Technologies LP increased its stake in shares of Invesco PLC by 474.2% in the first quarter. Quantbot Technologies LP now owns 111,611 shares of the asset manager’s stock valued at $3,418,000 after buying an additional 92,173 shares during the period. Institutional investors and hedge funds own 79.80% of the company’s stock.
Invesco PLC (NYSE:IVZ) traded up 1.34% on Friday, reaching $33.99. 2,768,167 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $35.33 and a 200-day moving average price of $32.75. The stock has a market capitalization of $13.83 billion, a price-to-earnings ratio of 15.15 and a beta of 1.80. Invesco PLC has a 52 week low of $27.46 and a 52 week high of $36.84.
Invesco PLC (NYSE:IVZ) last issued its earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The company had revenue of $906.30 million during the quarter, compared to the consensus estimate of $891.19 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. The company’s revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that Invesco PLC will post $2.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 17th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Tuesday, August 15th. Invesco PLC’s dividend payout ratio is currently 52.02%.
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A number of analysts have recently issued reports on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $41.00 price target on shares of Invesco PLC in a report on Sunday, July 30th. BidaskClub downgraded shares of Invesco PLC from a “buy” rating to a “hold” rating in a report on Monday, July 31st. ValuEngine raised shares of Invesco PLC from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Zacks Investment Research downgraded shares of Invesco PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $39.00 price objective on shares of Invesco PLC in a report on Sunday, July 30th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Invesco PLC currently has a consensus rating of “Buy” and a consensus price target of $37.29.
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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