Keybank National Association OH cut its position in Invesco PLC (NYSE:IVZ) by 9.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,377 shares of the asset manager’s stock after selling 17,404 shares during the period. Keybank National Association OH’s holdings in Invesco PLC were worth $6,172,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in shares of Invesco PLC during the first quarter worth about $203,000. Candriam Luxembourg S.C.A. raised its stake in shares of Invesco PLC by 30.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 29,656 shares of the asset manager’s stock worth $908,000 after buying an additional 6,905 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Invesco PLC by 31.6% in the first quarter. Nationwide Fund Advisors now owns 374,526 shares of the asset manager’s stock worth $11,472,000 after buying an additional 90,038 shares during the last quarter. Korea Investment CORP raised its stake in shares of Invesco PLC by 64.1% in the first quarter. Korea Investment CORP now owns 42,973 shares of the asset manager’s stock worth $1,316,000 after buying an additional 16,789 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of Invesco PLC by 2.3% in the first quarter. ProShare Advisors LLC now owns 121,746 shares of the asset manager’s stock worth $3,729,000 after buying an additional 2,692 shares during the last quarter. 79.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Invesco PLC (NYSE:IVZ) opened at 32.44 on Thursday. The company’s 50 day moving average price is $34.77 and its 200 day moving average price is $32.97. Invesco PLC has a one year low of $27.46 and a one year high of $36.83. The stock has a market capitalization of $13.20 billion, a P/E ratio of 14.46 and a beta of 1.80.

Invesco PLC (NYSE:IVZ) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The company had revenue of $906.30 million during the quarter, compared to analysts’ expectations of $891.19 million. During the same quarter last year, the company earned $0.56 EPS. Invesco PLC’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts expect that Invesco PLC will post $2.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 17th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Tuesday, August 15th. Invesco PLC’s payout ratio is currently 52.02%.

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A number of equities analysts have recently commented on the company. Jefferies Group LLC restated a “buy” rating and issued a $35.00 price objective on shares of Invesco PLC in a report on Wednesday, May 17th. ValuEngine downgraded Invesco PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Citigroup Inc. upgraded Invesco PLC from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $37.50 in a report on Monday, June 5th. BidaskClub upgraded Invesco PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, Royal Bank Of Canada assumed coverage on Invesco PLC in a report on Thursday, June 29th. They issued an “outperform” rating and a $41.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Invesco PLC currently has a consensus rating of “Buy” and an average target price of $37.29.

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.

Institutional Ownership by Quarter for Invesco PLC (NYSE:IVZ)

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