Invesco PLC (IVZ) Stake Lessened by Janus Henderson Group PLC
Janus Henderson Group PLC trimmed its holdings in Invesco PLC (NYSE:IVZ) by 21.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,193,295 shares of the asset manager’s stock after selling 594,701 shares during the quarter. Janus Henderson Group PLC owned about 0.54% of Invesco worth $76,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Sun Life Financial INC purchased a new stake in shares of Invesco in the third quarter worth approximately $145,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Invesco in the second quarter worth approximately $185,000. ETRADE Capital Management LLC purchased a new stake in shares of Invesco in the third quarter worth approximately $205,000. Financial Counselors Inc. purchased a new stake in shares of Invesco in the second quarter worth approximately $215,000. Finally, Bluefin Trading LLC purchased a new stake in shares of Invesco in the second quarter worth approximately $216,000. 81.38% of the stock is currently owned by institutional investors.
Invesco PLC (NYSE:IVZ) opened at $36.56 on Friday. Invesco PLC has a twelve month low of $28.75 and a twelve month high of $37.85. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $14,990.00, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 1.14 and a beta of 1.80.
Invesco (NYSE:IVZ) last posted its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.05. Invesco had a return on equity of 13.02% and a net margin of 18.99%. The firm had revenue of $976.60 million during the quarter, compared to analyst estimates of $940.96 million. During the same period last year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. equities research analysts predict 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. Stockholders of record on Tuesday, November 14th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Monday, November 13th. Invesco’s 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 value of $1,952,282.15. Following the completion of the transaction, the insider now directly owns 164,420 shares of the company’s stock, valued at $5,920,764.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.
IVZ has been the subject of several analyst reports. Zacks Investment Research downgraded Invesco from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. ValuEngine raised Invesco from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Wells Fargo & Company upped their target price on Invesco from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, October 11th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $39.00 target price on shares of Invesco in a report on Tuesday, October 3rd. Finally, Goldman Sachs Group lowered Invesco from a “buy” rating to a “neutral” rating and reduced their target price for the company from $38.00 to $36.00 in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Invesco currently has an average rating of “Buy” and an average price target of $38.50.
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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