Mitsubishi UFJ Trust & Banking Corp grew its holdings in Invesco PLC (NYSE:IVZ) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 868,292 shares of the asset manager’s stock after buying an additional 37,076 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.21% of Invesco worth $30,425,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in IVZ. Amundi Pioneer Asset Management Inc. raised its stake 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 in the last quarter. Janus Henderson Group PLC raised its stake in shares of Invesco by 5,060.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,787,996 shares of the asset manager’s stock valued at $98,110,000 after buying an additional 2,733,970 shares in the last quarter. FMR LLC raised its stake in shares of Invesco by 137.5% in the 2nd quarter. FMR LLC now owns 2,959,243 shares of the asset manager’s stock valued at $104,135,000 after buying an additional 1,713,338 shares in the last quarter. Kiltearn Partners LLP increased its position in shares of 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 purchasing an additional 1,602,510 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of 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 purchasing 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 transaction of $1,952,282.15. Following the sale, the insider now owns 164,420 shares of the company’s stock, valued at approximately $5,920,764.20. The sale 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.
Invesco (NYSE:IVZ) last issued its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Invesco had a net margin of 18.99% and a return on equity of 13.02%. The firm had revenue of $976.60 million for the quarter, compared to analyst estimates of $940.96 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s revenue was up 14.3% on a year-over-year basis. analysts expect that Invesco PLC will post 2.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Tuesday, November 14th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Monday, November 13th. Invesco’s dividend payout ratio is currently 50.44%.
A number of equities research analysts recently issued reports on IVZ shares. Zacks Investment Research cut shares of Invesco from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Wells Fargo & Company increased their target price on shares of Invesco from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $39.00 target price on shares of Invesco in a research report on Tuesday, October 3rd. Goldman Sachs Group cut shares of Invesco from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $38.00 to $36.00 in a research report on Thursday, September 28th. Finally, Citigroup increased their target price on shares of Invesco from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $38.50.
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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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