First American Bank increased its stake in shares of Invesco PLC (NYSE:IVZ) by 6.6% during the second quarter, Holdings Channel reports. The institutional investor owned 49,605 shares of the asset manager’s stock after buying an additional 3,068 shares during the period. First American Bank’s holdings in Invesco PLC were worth $1,746,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Invesco PLC by 2,611.3% in the first quarter. BlackRock Inc. now owns 32,067,091 shares of the asset manager’s stock valued at $982,213,000 after buying an additional 30,884,375 shares in the last quarter. Kiltearn Partners LLP bought a new position in shares of Invesco PLC during the first quarter valued at approximately $127,513,000. American Century Companies Inc. raised its position in shares of Invesco PLC by 28.7% in the first quarter. American Century Companies Inc. now owns 9,005,772 shares of the asset manager’s stock valued at $275,847,000 after buying an additional 2,007,736 shares in the last quarter. Norges Bank bought a new position in shares of Invesco PLC during the fourth quarter valued at approximately $59,973,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Invesco PLC during the first quarter valued at approximately $32,285,000. Institutional investors own 79.83% of the company’s stock.
Invesco PLC (NYSE IVZ) traded up 1.59% during mid-day trading on Monday, reaching $36.49. The company’s stock had a trading volume of 2,252,535 shares. The firm has a 50-day moving average of $33.32 and a 200 day moving average of $31.84. Invesco PLC has a 1-year low of $25.49 and a 1-year high of $36.63. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 16.60 and a beta of 1.81.
Invesco PLC (NYSE:IVZ) last posted its earnings results on Thursday, April 27th. The asset manager reported $0.61 EPS for the quarter, beating the consensus estimate of $0.56 by $0.05. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.22 billion. Invesco PLC had a return on equity of 12.51% and a net margin of 18.94%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. Equities analysts expect that Invesco PLC will post $2.51 earnings per share for the current year.
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Several equities analysts have commented on IVZ shares. Jefferies Group LLC increased their price target on shares of Invesco PLC from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, April 17th. Credit Suisse Group reiterated a “hold” rating and issued a $34.00 price target on shares of Invesco PLC in a research note on Friday, April 7th. Goldman Sachs Group, Inc. (The) upgraded shares of Invesco PLC from a “neutral” rating to a “conviction-buy” rating and raised their target price for the stock from $30.00 to $37.00 in a research report on Wednesday, March 15th. Zacks Investment Research upgraded shares of Invesco PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 14th. Finally, ValuEngine lowered shares of Invesco PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $36.96.
In other Invesco PLC news, insider Philip Taylor sold 60,000 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $32.40, for a total transaction of $1,944,000.00. Following the completion of the sale, the insider now directly owns 146,222 shares in the company, valued at approximately $4,737,592.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.
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.
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