Sciencast Management LP Has $286,000 Stake in Invesco PLC (IVZ)

Sciencast Management LP trimmed its stake in Invesco PLC (NYSE:IVZ) by 79.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,129 shares of the asset manager’s stock after selling 31,422 shares during the quarter. Sciencast Management LP’s holdings in Invesco PLC were worth $286,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. raised its holdings in shares of Invesco PLC by 0.9% in the second quarter. Duncker Streett & Co. Inc. now owns 6,120 shares of the asset manager’s stock worth $215,000 after acquiring an additional 53 shares during the last quarter. Flinton Capital Management LLC raised its holdings in shares of Invesco PLC by 0.8% in the second quarter. Flinton Capital Management LLC now owns 10,368 shares of the asset manager’s stock worth $365,000 after acquiring an additional 80 shares during the last quarter. IFC Holdings Incorporated FL raised its holdings in shares of Invesco PLC by 0.7% in the second quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock worth $428,000 after acquiring an additional 90 shares during the last quarter. Huntington National Bank raised its holdings in shares of Invesco PLC by 0.7% in the second quarter. Huntington National Bank now owns 14,321 shares of the asset manager’s stock worth $504,000 after acquiring an additional 103 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its holdings in shares of Invesco PLC by 1.3% in the second quarter. Riverhead Capital Management LLC now owns 11,593 shares of the asset manager’s stock worth $408,000 after acquiring an additional 144 shares during the last quarter. 79.79% of the stock is owned by institutional investors.

Shares of Invesco PLC (IVZ) traded up 0.67% during midday trading on Tuesday, hitting $35.97. The stock had a trading volume of 245,617 shares. The firm has a market cap of $14.64 billion, a price-to-earnings ratio of 16.04 and a beta of 1.80. Invesco PLC has a 12-month low of $27.46 and a 12-month high of $36.84. The company’s 50-day moving average price is $33.51 and its 200-day moving average price is $33.35.

Invesco PLC (NYSE:IVZ) last released its earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. The company had revenue of $906.30 million during the quarter, compared to analyst estimates of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. Equities research analysts forecast that Invesco PLC will post $2.55 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Sciencast Management LP Has $286,000 Stake in Invesco PLC (IVZ)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://ledgergazette.com/2017/10/10/sciencast-management-lp-has-286000-stake-in-invesco-plc-ivz.html.

A number of equities analysts have recently weighed in on IVZ shares. Jefferies Group LLC boosted their price target on Invesco PLC from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, July 4th. BidaskClub cut Invesco PLC from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Wells Fargo & Company reissued an “outperform” rating on shares of Invesco PLC in a report on Sunday, July 30th. ValuEngine raised Invesco PLC from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $38.00 price tar

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. raised its holdings in shares of Invesco PLC by 0.9% in the second quarter. Duncker Streett & Co. Inc. now owns 6,120 shares of the asset manager’s stock worth $215,000 after acquiring an additional 53 shares during the last quarter. Flinton Capital Management LLC raised its holdings in shares of Invesco PLC by 0.8% in the second quarter. Flinton Capital Management LLC now owns 10,368 shares of the asset manager’s stock worth $365,000 after acquiring an additional 80 shares during the last quarter. IFC Holdings Incorporated FL raised its holdings in shares of Invesco PLC by 0.7% in the second quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock worth $428,000 after acquiring an additional 90 shares during the last quarter. Huntington National Bank raised its holdings in shares of Invesco PLC by 0.7% in the second quarter. Huntington National Bank now owns 14,321 shares of the asset manager’s stock worth $504,000 after acquiring an additional 103 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its holdings in shares of Invesco PLC by 1.3% in the second quarter. Riverhead Capital Management LLC now owns 11,593 shares of the asset manager’s stock worth $408,000 after acquiring an additional 144 shares during the last quarter. 79.79% of the stock is owned by institutional investors.

Shares of Invesco PLC (IVZ) traded up 0.67% during midday trading on Tuesday, hitting $35.97. The stock had a trading volume of 245,617 shares. The firm has a market cap of $14.64 billion, a price-to-earnings ratio of 16.04 and a beta of 1.80. Invesco PLC has a 12-month low of $27.46 and a 12-month high of $36.84. The company’s 50-day moving average price is $33.51 and its 200-day moving average price is $33.35.

Invesco PLC (NYSE:IVZ) last released its earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. The company had revenue of $906.30 million during the quarter, compared to analyst estimates of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. Equities research analysts forecast that Invesco PLC will post $2.55 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Sciencast Management LP Has $286,000 Stake in Invesco PLC (IVZ)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://ledgergazette.com/2017/10/10/sciencast-management-lp-has-286000-stake-in-invesco-plc-ivz.html.

A number of equities analysts have recently weighed in on IVZ shares. Jefferies Group LLC boosted their price target on Invesco PLC from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, July 4th. BidaskClub cut Invesco PLC from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Wells Fargo & Company reissued an “outperform” rating on shares of Invesco PLC in a report on Sunday, July 30th. ValuEngine raised Invesco PLC from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $38.00 price target (up from $36.00) on shares of Invesco PLC in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $37.46.

About Invesco PLC

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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Institutional Ownership by Quarter for Invesco PLC (NYSE:IVZ)

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