Capital Guardian Trust Co. Has $17.45 Million Stake in Invesco PLC (IVZ)
Capital Guardian Trust Co. grew its holdings in shares of Invesco PLC (NYSE:IVZ) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 497,965 shares of the asset manager’s stock after purchasing an additional 1,565 shares during the period. Capital Guardian Trust Co. owned approximately 0.12% of Invesco worth $17,449,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Sun Life Financial INC purchased a new position in Invesco in the 3rd quarter worth $145,000. C M Bidwell & Associates Ltd. purchased a new position in Invesco in the 2nd quarter worth $185,000. ETRADE Capital Management LLC purchased a new position in Invesco in the 3rd quarter worth $205,000. Financial Counselors Inc. purchased a new position in Invesco in the 2nd quarter worth $215,000. Finally, Bluefin Trading LLC purchased a new position in Invesco in the 2nd quarter worth $216,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.
In other 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 transaction of $1,952,282.15. Following the sale, the insider now directly owns 164,420 shares in the company, valued at approximately $5,920,764.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.
Invesco PLC (NYSE IVZ) traded up $0.33 during midday trading on Monday, hitting $37.67. The company’s stock had a trading volume of 1,489,200 shares, compared to its average volume of 2,711,749. The stock has a market cap of $15,334.63, a price-to-earnings ratio of 14.77, a P/E/G ratio of 1.19 and a beta of 1.81. Invesco PLC has a twelve month low of $28.75 and a twelve month high of $37.82. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.50 and a quick ratio of 1.50.
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, beating the Zacks’ consensus estimate of $0.66 by $0.05. The business 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 company’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. sell-side analysts expect that Invesco PLC will post 2.66 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Tuesday, November 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Monday, November 13th. Invesco’s dividend payout ratio (DPR) is presently 50.44%.
IVZ has been the subject of a number of research analyst reports. ValuEngine upgraded Invesco from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $41.00 target price on shares of Invesco in a research note on Friday, October 27th. UBS raised their target price on Invesco from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded Invesco from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Wednesday, October 11th. Finally, Wells Fargo & Company raised their target price on Invesco from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $38.50.
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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