Invesco PLC (IVZ) Shares Bought by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky lifted its stake in Invesco PLC (NYSE:IVZ) by 68.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 816,300 shares of the asset manager’s stock after purchasing an additional 331,000 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.20% of Invesco PLC worth $28,603,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of IVZ. Financial Architects Inc increased its holdings in shares of Invesco PLC by 54.3% in 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 last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Invesco PLC in the second quarter valued at approximately $185,000. IBM Retirement Fund acquired a new stake in shares of Invesco PLC in the second quarter valued at approximately $210,000. Financial Counselors Inc. acquired a new stake in shares of Invesco PLC in the second quarter valued at approximately $215,000. Finally, Bluefin Trading LLC acquired a new stake in shares of Invesco PLC in the second quarter valued at approximately $216,000. 81.84% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on IVZ. Jefferies Group LLC reaffirmed a “buy” rating and issued a $41.00 price target on shares of Invesco PLC in a report on Sunday, July 30th. Zacks Investment Research lowered Invesco PLC from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Citigroup Inc. increased their price objective on Invesco PLC from $38.50 to $39.50 and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Barclays PLC initiated coverage on Invesco PLC in a research report on Friday, September 8th. They issued an “overweight” rating and a $38.00 price objective for the company. Finally, BidaskClub lowered Invesco PLC from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. Invesco PLC currently has a consensus rating of “Hold” and an average target price of $38.50.
Shares of Invesco PLC (NYSE IVZ) traded down $0.40 during trading on Friday, reaching $35.23. The company had a trading volume of 1,426,800 shares, compared to its average volume of 2,725,225. The stock has a market capitalization of $14,300.00, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.81. Invesco PLC has a 52 week low of $28.75 and a 52 week high of $37.75. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. The company had revenue of $976.60 million during the quarter, compared to analyst estimates of $940.96 million. Invesco PLC had a return on equity of 13.02% and a net margin of 18.99%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share. equities research analysts predict that Invesco PLC will post 2.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.29 per share. The ex-dividend date is Monday, November 13th. This represents a $1.16 annualized dividend and a dividend yield of 3.29%. Invesco PLC’s dividend payout ratio is currently 50.22%.
In other news, insider Colin Meadows sold 54,215 shares of the firm’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 completion of the transaction, the insider now directly owns 164,420 shares in the company, valued at $5,920,764.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.80% of the company’s stock.
Invesco PLC Profile
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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