Macquarie Group Ltd. lowered its holdings in shares of Invesco PLC (NYSE:IVZ) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 307,491 shares of the asset manager’s stock after selling 11,975 shares during the quarter. Macquarie Group Ltd. owned approximately 0.08% of Invesco PLC worth $10,821,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in IVZ. Neuberger Berman Group LLC grew its position in shares of Invesco PLC by 6.9% during the first quarter. Neuberger Berman Group LLC now owns 53,363 shares of the asset manager’s stock worth $1,635,000 after purchasing an additional 3,441 shares in the last quarter. AXA grew its position in shares of Invesco PLC by 3.9% during the first quarter. AXA now owns 35,000 shares of the asset manager’s stock worth $1,072,000 after purchasing an additional 1,300 shares in the last quarter. OppenheimerFunds Inc. grew its position in shares of Invesco PLC by 9.0% during the first quarter. OppenheimerFunds Inc. now owns 21,852 shares of the asset manager’s stock worth $669,000 after purchasing an additional 1,809 shares in the last quarter. TCW Group Inc. grew its position in shares of Invesco PLC by 234.8% during the first quarter. TCW Group Inc. now owns 1,218,211 shares of the asset manager’s stock worth $37,314,000 after purchasing an additional 854,394 shares in the last quarter. Finally, South Dakota Investment Council grew its position in shares of Invesco PLC by 3.4% during the first quarter. South Dakota Investment Council now owns 204,400 shares of the asset manager’s stock worth $6,261,000 after purchasing an additional 6,800 shares in the last quarter. Hedge funds and other institutional investors own 79.79% of the company’s stock.

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Several analysts recently issued reports on the company. Zacks Investment Research cut Invesco PLC from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company increased their target price on Invesco PLC from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $39.00 target price on shares of Invesco PLC in a research report on Tuesday, October 3rd. Citigroup Inc. increased their target price on Invesco PLC from $38.50 to $39.50 and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Finally, ValuEngine upgraded Invesco PLC from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $38.04.

Shares of Invesco PLC (NYSE:IVZ) opened at 36.15 on Friday. The company has a market capitalization of $14.71 billion, a price-to-earnings ratio of 16.12 and a beta of 1.80. The company’s 50 day moving average price is $33.92 and its 200-day moving average price is $33.50. Invesco PLC has a 52 week low of $27.46 and a 52 week high of $36.84.

Invesco PLC (NYSE:IVZ) last issued its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. The company had revenue of $906.30 million during the quarter, compared to analyst estimates of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 earnings per share. Analysts anticipate that Invesco PLC will post $2.57 earnings per share for the current fiscal year.

Invesco PLC Company 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.

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

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