Brookstone Capital Management cut its holdings in shares of Invesco PLC (NYSE:IVZ) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,568 shares of the asset manager’s stock after selling 10,946 shares during the quarter. Brookstone Capital Management’s holdings in Invesco PLC were worth $5,661,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in IVZ. Janus Henderson Group PLC increased its position in shares of Invesco PLC by 5,060.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,787,996 shares of the asset manager’s stock valued at $98,110,000 after purchasing an additional 2,733,970 shares during the last quarter. FMR LLC increased its position in shares of Invesco PLC by 137.5% during the 2nd quarter. FMR LLC now owns 2,959,243 shares of the asset manager’s stock valued at $104,135,000 after purchasing an additional 1,713,338 shares during the last quarter. Kiltearn Partners LLP increased its position in shares of Invesco PLC by 38.5% during the 2nd quarter. Kiltearn Partners LLP now owns 5,765,510 shares of the asset manager’s stock valued at $202,888,000 after purchasing an additional 1,602,510 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Invesco PLC by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 41,189,076 shares of the asset manager’s stock valued at $1,449,444,000 after purchasing an additional 1,092,898 shares during the last quarter. Finally, Bain Capital Public Equity Management LLC purchased a new stake in shares of Invesco PLC during the 2nd quarter valued at $24,946,000. 79.77% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on IVZ shares. BidaskClub lowered Invesco PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. ValuEngine raised Invesco PLC from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Invesco PLC in a research report on Sunday, July 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $38.00 target price (up from $36.00) on shares of Invesco PLC in a research report on Monday, July 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $41.00 target price on shares of Invesco PLC in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Invesco PLC presently has a consensus rating of “Buy” and a consensus target price of $38.50.
Shares of Invesco PLC (NYSE:IVZ) traded down $0.11 during midday trading on Friday, reaching $36.05. The company’s stock had a trading volume of 2,448,831 shares, compared to its average volume of 2,629,035. Invesco PLC has a fifty-two week low of $27.58 and a fifty-two week high of $37.75. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75. The company has a market cap of $14,668.42, a P/E ratio of 14.14, a P/E/G ratio of 1.14 and a beta of 1.81.
Invesco PLC (NYSE:IVZ) last issued its earnings results on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. Invesco PLC had a return on equity of 13.02% and a net margin of 18.99%. The business had revenue of $976.60 million during the quarter, compared to the consensus estimate of $940.96 million. During the same quarter last year, the company earned $0.60 EPS. The firm’s revenue was up 14.3% compared to the same quarter last year. equities research analysts predict that Invesco PLC will post 2.65 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Tuesday, November 14th will be paid a $0.29 dividend. The ex-dividend date is Monday, November 13th. This represents a $1.16 annualized dividend and a yield of 3.22%. Invesco PLC’s dividend payout ratio is currently 50.44%.
In other Invesco PLC news, insider Colin Meadows sold 54,215 shares of the firm’s stock in a transaction dated 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 owns 164,420 shares in the company, valued at approximately $5,920,764.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.
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About Invesco PLC
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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