First Allied Advisory Services Inc. Sells 1,034 Shares of Invesco PLC (IVZ)
First Allied Advisory Services Inc. decreased its position in Invesco PLC (NYSE:IVZ) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,490 shares of the asset manager’s stock after selling 1,034 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Invesco PLC were worth $538,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of IVZ. Financial Architects Inc boosted its stake in shares of Invesco PLC by 54.3% during the 2nd quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock valued at $109,000 after buying an additional 1,082 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of Invesco PLC by 29.4% during 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 last quarter. Gilbert & Cook Inc. purchased a new position in shares of Invesco PLC during the 2nd quarter valued at approximately $203,000. Cornerstone Investment Partners LLC purchased a new position in shares of Invesco PLC during the 2nd quarter valued at approximately $206,000. Finally, IBM Retirement Fund purchased a new position in shares of Invesco PLC during the 2nd quarter valued at approximately $210,000. 79.79% of the stock is owned by institutional investors.
Shares of Invesco PLC (IVZ) opened at 35.59 on Thursday. Invesco PLC has a 12 month low of $27.46 and a 12 month high of $36.84. The firm has a market capitalization of $14.48 billion, a price-to-earnings ratio of 15.87 and a beta of 1.80. The firm has a 50-day moving average price of $33.28 and a 200 day moving average price of $33.22.
Invesco PLC (NYSE:IVZ) last announced its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The business had revenue of $906.30 million for the quarter, compared to analyst estimates of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. Invesco PLC’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 EPS. On average, analysts anticipate that Invesco PLC will post $2.55 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This story was first published by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.watchlistnews.com/first-allied-advisory-services-inc-sells-1034-shares-of-invesco-plc-ivz/1610174.html.
IVZ has been the subject of several research analyst reports. ValuEngine upgraded Invesco PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. BidaskClub upgraded Invesco PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Royal Bank Of Canada started coverage on Invesco PLC in a research note on Thursday, June 29th. They set an “outperform” rating and a $41.00 price objective on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $36.00 price objective on shares of Invesco PLC in a research note on Sunday, July 2nd. Finally, Zacks Investment Research upgraded Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Tuesday, July 4th. One 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 company has an average rating of “Buy” and a consensus target price of $37.46.
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.
Want to see what other hedge funds are holding IVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco PLC (NYSE:IVZ).
Receive News & Ratings for Invesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.