Russell Investments Group Ltd. raised its holdings in shares of Invesco PLC (NYSE:IVZ) by 24.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,919 shares of the asset manager’s stock after buying an additional 23,591 shares during the period. Russell Investments Group Ltd.’s holdings in Invesco were worth $4,201,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Comerica Bank boosted its holdings in shares of Invesco by 1.4% in the third quarter. Comerica Bank now owns 105,507 shares of the asset manager’s stock valued at $3,802,000 after purchasing an additional 1,506 shares during the period. Bank of New York Mellon Corp lifted its holdings in Invesco by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 9,374,021 shares of the asset manager’s stock worth $328,466,000 after buying an additional 88,330 shares during the period. Sigma Planning Corp purchased a new stake in Invesco during the third quarter worth $254,000. Adell Harriman & Carpenter Inc. lifted its holdings in Invesco by 11.8% during the third quarter. Adell Harriman & Carpenter Inc. now owns 53,000 shares of the asset manager’s stock worth $1,857,000 after buying an additional 5,600 shares during the period. Finally, TCW Group Inc. lifted its holdings in Invesco by 25.5% during the third quarter. TCW Group Inc. now owns 2,344,695 shares of the asset manager’s stock worth $82,158,000 after buying an additional 476,332 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

A number of research firms have weighed in on IVZ. ValuEngine upgraded Invesco from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Zacks Investment Research downgraded Invesco from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Jefferies Group upped their target price on Invesco from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Royal Bank of Canada reissued a “buy” rating and issued a $41.00 target price on shares of Invesco in a research report on Friday, October 27th. Finally, Citigroup upped their target price on Invesco from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $38.50.

Shares of Invesco PLC (NYSE IVZ) traded down $0.67 during trading on Friday, reaching $36.29. 2,817,700 shares of the company were exchanged, compared to its average volume of 2,715,570. The stock has a market cap of $15,045.60, a price-to-earnings ratio of 14.49, a PEG ratio of 1.16 and a beta of 1.81. Invesco PLC has a 1 year low of $28.75 and a 1 year high of $37.85. 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 issued its quarterly earnings results 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 firm had revenue of $976.60 million for the quarter, compared to analyst estimates of $940.96 million. Invesco had a net margin of 18.99% and a return on equity of 13.02%. Invesco’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS. equities analysts anticipate that Invesco PLC will post 2.66 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Tuesday, November 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Monday, November 13th. This represents a $1.16 dividend on an annualized basis and a yield of 3.20%. Invesco’s payout ratio is 50.44%.

In other news, insider Colin Meadows sold 54,215 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total transaction of $1,952,282.15. Following the completion of the sale, the insider now owns 164,420 shares in the company, valued at approximately $5,920,764.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

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About Invesco

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.

Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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