Invesco PLC (IVZ) Shares Sold by Prospector Partners LLC
Prospector Partners LLC lowered its position in Invesco PLC (NYSE:IVZ) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 245,800 shares of the asset manager’s stock after selling 3,000 shares during the period. Invesco accounts for 1.3% of Prospector Partners LLC’s portfolio, making the stock its 28th largest holding. Prospector Partners LLC owned about 0.06% of Invesco worth $8,613,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of IVZ. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Invesco by 144.5% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 5,097,202 shares of the asset manager’s stock valued at $178,605,000 after buying an additional 3,012,871 shares during the period. Janus Henderson Group PLC lifted its position in Invesco by 5,060.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,787,996 shares of the asset manager’s stock worth $98,110,000 after buying an additional 2,733,970 shares in the last quarter. FMR LLC lifted its position in Invesco by 137.5% during the 2nd quarter. FMR LLC now owns 2,959,243 shares of the asset manager’s stock worth $104,135,000 after buying an additional 1,713,338 shares in the last quarter. Kiltearn Partners LLP lifted its position in Invesco by 38.5% during the 2nd quarter. Kiltearn Partners LLP now owns 5,765,510 shares of the asset manager’s stock worth $202,888,000 after buying an additional 1,602,510 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Invesco by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 41,189,076 shares of the asset manager’s stock worth $1,449,444,000 after buying an additional 1,092,898 shares in the last quarter. Institutional investors own 81.38% of the company’s stock.
In other Invesco news, insider Colin Meadows sold 54,215 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total value of $1,952,282.15. Following the transaction, the insider now directly owns 164,420 shares of the company’s stock, valued at approximately $5,920,764.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by corporate insiders.
Several equities research analysts have commented on the stock. ValuEngine raised shares of Invesco from a “hold” rating to a “buy” rating in a research report on Wednesday. Barclays assumed coverage on shares of Invesco in a research report on Friday, September 8th. They set an “overweight” rating and a $38.00 price target on the stock. Jefferies Group set a $41.00 price target on shares of Invesco and gave the stock a “buy” rating in a research report on Thursday, August 17th. Citigroup boosted their price target on shares of Invesco from $38.50 to $39.50 and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Finally, UBS boosted their price target on shares of Invesco from $36.00 to $37.00 and gave the stock a “neutral” rating in a research 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 assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $38.50.
Invesco PLC (NYSE:IVZ) traded up $0.46 during trading on Thursday, reaching $37.09. 2,394,200 shares of the company’s stock traded hands, compared to its average volume of 2,719,548. The company has a market cap of $14,911.27, a PE ratio of 14.36, a P/E/G ratio of 1.15 and a beta of 1.81. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.50. Invesco PLC has a 52-week low of $28.75 and a 52-week high of $37.75.
Invesco (NYSE:IVZ) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.05. The firm had revenue of $976.60 million for the quarter, compared to analysts’ expectations of $940.96 million. Invesco had a net margin of 18.99% and a return on equity of 13.02%. The business’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. equities analysts forecast that Invesco PLC will post 2.66 EPS for the current year.
The business also recently declared 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 was Monday, November 13th. This represents a $1.16 annualized dividend and a yield of 3.13%. Invesco’s dividend payout ratio is currently 50.44%.
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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