ING Groep NV Raises Position in Invesco PLC (IVZ)
ING Groep NV boosted its position in shares of Invesco PLC (NYSE:IVZ) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,242 shares of the asset manager’s stock after acquiring an additional 1,422 shares during the period. ING Groep NV’s holdings in Invesco were worth $779,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of IVZ. C M Bidwell & Associates Ltd. bought a new stake in shares of Invesco in the 2nd quarter valued at approximately $185,000. IBM Retirement Fund bought a new stake in shares of Invesco in the 2nd quarter valued at approximately $210,000. Financial Counselors Inc. bought a new stake in shares of Invesco in the 2nd quarter valued at approximately $215,000. Bluefin Trading LLC bought a new stake in shares of Invesco in the 2nd quarter valued at approximately $216,000. Finally, Global X Management Co. LLC grew its stake in shares of Invesco by 14.6% in the 2nd quarter. Global X Management Co. LLC now owns 6,397 shares of the asset manager’s stock valued at $225,000 after purchasing an additional 815 shares during the period. Hedge funds and other institutional investors own 81.84% of the company’s stock.
In other Invesco news, insider Colin Meadows sold 54,215 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 164,420 shares of the company’s stock, valued at approximately $5,920,764.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.
Invesco PLC (NYSE IVZ) traded down $0.14 during midday trading on Monday, reaching $35.09. The company had a trading volume of 687,900 shares, compared to its average volume of 2,716,250. The company has a market cap of $14,284.37, a price-to-earnings ratio of 13.76, a PEG ratio of 1.11 and a beta of 1.81. Invesco PLC has a 1-year low of $28.75 and a 1-year high of $37.75. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.50.
Invesco (NYSE:IVZ) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.05. Invesco had a return on equity of 13.02% and a net margin of 18.99%. The business had revenue of $976.60 million for the quarter, compared to analyst estimates of $940.96 million. During the same period in the prior year, the company earned $0.60 EPS. Invesco’s revenue for the quarter was up 14.3% on a year-over-year basis. research analysts anticipate that Invesco PLC will post 2.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Tuesday, November 14th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Monday, November 13th. Invesco’s dividend payout ratio is 50.44%.
Several equities research analysts have recently weighed in on IVZ shares. BidaskClub lowered Invesco from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. ValuEngine upgraded Invesco from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Wells Fargo & Company restated an “outperform” rating on shares of Invesco in a research report on Sunday, July 30th. Royal Bank Of Canada restated a “buy” rating and set a $41.00 price target on shares of Invesco in a research report on Friday, October 27th. Finally, UBS AG increased their price target on Invesco from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $38.50.
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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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