BidaskClub Lowers Invesco PLC (IVZ) to Hold

Paterniano Del Favero
Agosto 13, 2017

Russell Investments Group Ltd. acquired a new stake in Invesco PLC during the fourth quarter valued at approximately $2,392,000. The fund owned 350,505 shares of the asset manager's stock after buying an additional 2,613 shares during the period. Tealwood Asset Management Inc.'s holdings in Invesco PLC were worth $4,841,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 79.80% of the company's stock. Gilbert & Cook Inc. purchased a new position in shares of Invesco PLC during the second quarter worth about $203,000. Huntington National Bank now owns 14,321 shares of the asset manager's stock valued at $504,000 after buying an additional 103 shares during the period.

American National Registered Investment Advisor Inc. continued to hold its position in Invesco PLC (NYSE:IVZ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. IFP Advisors Inc now owns 3,950 shares of the asset manager's stock worth $121,000 after buying an additional 221 shares during the last quarter. Global X Management Co. As of quarter end New York State Teachers Retirement System had sold 11,396 shares trimming its holdings by 1.7%. Highland Capital Management LLC now owns 140,341 shares of the asset manager's stock worth $4,299,000 after buying an additional 5,233 shares during the period. Inc. boosted its position in shares of Invesco PLC by 110.1% in the first quarter. The fund owned 133,755 shares of the asset manager's stock after buying an additional 1,200 shares during the period. Teachers Advisors LLC increased its position in shares of Invesco PLC by 13.6% in the fourth quarter.

Shares of Invesco PLC (IVZ) traded up 1.34% on Friday, hitting $33.99. The company's stock had a trading volume of 2,768,167 shares. Invesco PLC has a 1-year low of $27.46 and a 1-year high of $36.84. The firm has a 50 day moving average price of $35.33 and a 200-day moving average price of $32.75.

The company now has a P/E ratio of 15.156 and market capitalization is 13.83B.

UBS downgraded Invesco Ltd. (NYSE:IVZ) on Thursday, June 2 to "Neutral" rating. The asset manager reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.03. The firm had revenue of $906.30 million during the quarter, compared to the consensus estimate of $891.19 million. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Equities analysts predict that Invesco PLC will post $2.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Systematic Fincl Mngmt Limited Partnership has 0.3% invested in Invesco Ltd. (NYSE:IVZ) for 619,197 shares. The ex-dividend date will be Wednesday the 10th of May 2017. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. Jefferies Group LLC lifted their target price on shares of Invesco PLC from $33.00 to $34.00 and gave the stock a buy rating in a research note on Monday, April 17th.

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Several equities analysts have issued reports on IVZ shares. Deutsche Bank initiated the stock with "Buy" rating in Friday, August 14 report.

On July 7 Jefferies maintained a company rating of "Buy" and raised the price target to $40.00 from $37.00. ValuEngine lowered shares of Invesco PLC from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd.

Among 25 analysts covering CSX Corporation (NYSE:CSX), 17 have Buy rating, 1 Sell and 7 Hold. Morgan Stanley reaffirmed an overweight rating and issued a $38.00 price target (up previously from $36.00) on shares of Invesco PLC in a research report on Monday, July 10th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. The stock of Radius Health Inc (NASDAQ:RDUS) earned "Buy" rating by Canaccord Genuity on Thursday, September 24.

Beta is also an important valuation ratio for analyzing the stock of the company, IVZ has Beta of 1.78 while its industry and Sector's beta remains at 1.49 and 1.47 respectively.

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