Capital Guardian Trust Co. Trims Holdings in Invesco PLC (IVZ)
Capital Guardian Trust Co. reduced its stake in Invesco PLC (NYSE:IVZ) by 21.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 496,400 shares of the asset manager’s stock after selling 136,971 shares during the period. Capital Guardian Trust Co. owned 0.12% of Invesco PLC worth $17,468,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Financial Architects Inc raised its holdings in shares of Invesco PLC by 54.3% during the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock valued at $109,000 after purchasing an additional 1,082 shares during the period. Global X Management Co. LLC grew its stake in shares of Invesco PLC by 29.4% in the 1st quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock valued at $171,000 after buying an additional 1,267 shares during the period. Gilbert & Cook Inc. acquired a new stake in shares of Invesco PLC in the 2nd quarter valued at about $203,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Invesco PLC in the 2nd quarter valued at about $206,000. Finally, IBM Retirement Fund acquired a new stake in shares of Invesco PLC in the 2nd quarter valued at about $210,000. 79.79% of the stock is owned by hedge funds and other institutional investors.
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Shares of Invesco PLC (NYSE IVZ) traded down 0.23% during trading on Monday, hitting $34.96. 872,796 shares of the company were exchanged. The company has a 50 day moving average of $33.22 and a 200-day moving average of $33.02. Invesco PLC has a 1-year low of $27.46 and a 1-year high of $36.84. The stock has a market capitalization of $14.22 billion, a PE ratio of 15.59 and a beta of 1.80.
Invesco PLC (NYSE:IVZ) last posted its quarterly 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. The firm had revenue of $906.30 million during the quarter, compared to analysts’ expectations of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share. On average, analysts forecast that Invesco PLC will post $2.55 earnings per share for the current year.
A number of analysts recently commented on IVZ shares. UBS AG boosted their target price on Invesco PLC from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday. Goldman Sachs Group, Inc. (The) downgraded Invesco PLC from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $38.00 to $36.00 in a report on Thursday. Barclays PLC initiated coverage on Invesco PLC in a research report on Friday, September 8th. They set an “overweight” rating and a $38.00 target price on the stock. ValuEngine cut Invesco PLC from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub cut Invesco PLC from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. 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. The stock presently has a consensus rating of “Hold” and an average 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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