Washington Capital Management Inc. held 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 14,800 shares of the asset manager’s stock at the end of the second quarter. Washington Capital Management Inc.’s holdings in Invesco PLC were worth $521,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Invesco PLC by 2.2% in the first quarter. Vanguard Group Inc. now owns 40,096,178 shares of the asset manager’s stock valued at $1,228,146,000 after buying an additional 870,284 shares during the period. BlackRock Inc. boosted 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 in the last quarter. State Street Corp boosted its stake in shares of Invesco PLC by 1.2% in the first quarter. State Street Corp now owns 19,457,316 shares of the asset manager’s stock valued at $595,977,000 after buying an additional 240,087 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Invesco PLC by 2.0% in the first quarter. JPMorgan Chase & Co. now owns 10,981,317 shares of the asset manager’s stock valued at $336,358,000 after buying an additional 210,558 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Invesco PLC by 28.7% in the first quarter. American Century Companies Inc. now owns 9,005,772 shares of the asset manager’s stock valued at $275,847,000 after buying an additional 2,007,736 shares during the period. 79.20% of the stock is owned by institutional investors.
Invesco PLC (IVZ) opened at 32.86 on Friday. The stock’s 50 day moving average price is $35.10 and its 200 day moving average price is $32.87. Invesco PLC has a 1-year low of $27.46 and a 1-year high of $36.84. The firm has a market cap of $13.37 billion, a P/E ratio of 14.65 and a beta of 1.80.
Invesco PLC (NYSE:IVZ) last announced its earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, beating 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 business had revenue of $906.30 million during the quarter, compared to analysts’ expectations of $891.19 million. During the same quarter last year, the business posted $0.56 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts predict that Invesco PLC will post $2.54 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 17th will be paid a dividend of $0.29 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.16 annualized dividend and a yield of 3.53%. Invesco PLC’s dividend payout ratio is currently 52.02%.
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A number of analysts have weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Invesco PLC in a research report on Thursday, June 29th. They set an “outperform” rating and a $41.00 target price on the stock. Zacks Investment Research upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Tuesday, July 4th. Jefferies Group LLC restated a “buy” rating and set a $35.00 target price on shares of Invesco PLC in a research report on Wednesday, May 17th. Citigroup Inc. upgraded shares of Invesco PLC from a “neutral” rating to a “buy” rating and raised their target price for the stock from $35.00 to $37.50 in a research report on Monday, June 5th. Finally, ValuEngine lowered shares of Invesco PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $37.29.
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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