Invesco PLC (IVZ) Insider Sells $1,952,282.15 in Stock
Invesco PLC (NYSE:IVZ) insider Colin Meadows sold 54,215 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total value of $1,952,282.15. Following the completion of the sale, the insider now owns 164,420 shares of the company’s stock, valued at $5,920,764.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Invesco PLC (NYSE:IVZ) last announced its earnings results on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05. The firm had revenue of $976.60 million for the quarter, compared to the consensus estimate of $940.96 million. Invesco PLC had a return on equity of 13.02% and a net margin of 18.99%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Tuesday, November 14th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Monday, November 13th. Invesco PLC’s dividend payout ratio is 50.44%.
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A number of brokerages have recently commented on IVZ. Royal Bank Of Canada reiterated a “buy” rating and set a $41.00 price target on shares of Invesco PLC in a report on Friday, October 27th. Citigroup Inc. upped their price target on Invesco PLC from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Jefferies Group LLC reiterated a “buy” rating and set a $41.00 price target on shares of Invesco PLC in a report on Sunday, July 30th. ValuEngine upgraded Invesco PLC from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $39.00 price objective on shares of Invesco PLC in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. Invesco PLC has an average rating of “Buy” and an average target price of $38.42.
Several large investors have recently made changes to their positions in IVZ. Janus Henderson Group PLC lifted its stake in shares of Invesco PLC by 5,060.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,787,996 shares of the asset manager’s stock valued at $98,110,000 after purchasing an additional 2,733,970 shares during the period. FMR LLC lifted its stake in shares of Invesco PLC by 137.5% in the 2nd quarter. FMR LLC now owns 2,959,243 shares of the asset manager’s stock valued at $104,135,000 after purchasing an additional 1,713,338 shares during the period. Kiltearn Partners LLP lifted its stake in shares of Invesco PLC by 38.5% in the 2nd quarter. Kiltearn Partners LLP now owns 5,765,510 shares of the asset manager’s stock valued at $202,888,000 after purchasing an additional 1,602,510 shares during the period. Vanguard Group Inc. lifted its stake in shares of Invesco PLC by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 41,189,076 shares of the asset manager’s stock valued at $1,449,444,000 after purchasing an additional 1,092,898 shares during the period. Finally, Bain Capital Public Equity Management LLC acquired a new position in shares of Invesco PLC in the 2nd quarter valued at about $24,946,000. 79.77% of the stock is currently owned by institutional investors.
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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