Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Invesco PLC (NYSE:IVZ) by 9.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,088 shares of the asset manager’s stock after acquiring an additional 2,861 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Invesco were worth $1,159,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Invesco by 2.7% during the second quarter. Vanguard Group Inc. now owns 41,189,076 shares of the asset manager’s stock valued at $1,449,444,000 after acquiring an additional 1,092,898 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Invesco by 4.9% during the third quarter. JPMorgan Chase & Co. now owns 11,517,149 shares of the asset manager’s stock valued at $394,807,000 after purchasing an additional 538,969 shares during the period. American Century Companies Inc. grew its holdings in Invesco by 6.3% during the third quarter. American Century Companies Inc. now owns 9,478,671 shares of the asset manager’s stock valued at $332,133,000 after purchasing an additional 563,407 shares during the period. Bank of New York Mellon Corp grew its holdings in 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 valued at $328,466,000 after purchasing an additional 88,330 shares during the period. Finally, Kiltearn Partners LLP grew its holdings in Invesco by 38.5% during the second 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 period. Institutional investors own 81.38% of the company’s stock.
Several analysts have issued reports on IVZ shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $39.00 price target on shares of Invesco in a report on Tuesday, October 3rd. Citigroup boosted their price target on Invesco from $38.50 to $39.50 and gave the company a “buy” rating in a report on Tuesday, October 3rd. ValuEngine raised Invesco from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised Invesco from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Wednesday, October 11th. Finally, Jefferies Group set a $41.00 price target on Invesco and gave the company a “buy” rating in a report on Thursday, August 17th. One equities 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 stock. Invesco currently has a consensus rating of “Hold” and a consensus price target of $38.50.
Invesco (NYSE:IVZ) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The firm had revenue of $976.60 million during the quarter, compared to analyst estimates of $940.96 million. Invesco had a return on equity of 13.02% and a net margin of 18.99%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. sell-side analysts forecast that Invesco PLC will post 2.66 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Tuesday, November 14th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Monday, November 13th. Invesco’s dividend payout ratio (DPR) is 50.44%.
In other news, insider Colin Meadows sold 54,215 shares of the company’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 of the company’s stock, valued at $5,920,764.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.
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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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