FormulaFolio Investments LLC Purchases New Stake in Invesco PLC (IVZ)

FormulaFolio Investments LLC purchased a new stake in shares of Invesco PLC (NYSE:IVZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,813 shares of the asset manager’s stock, valued at approximately $414,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in IVZ. BlackRock Inc. grew its position in Invesco PLC by 2,611.3% in the 1st quarter. BlackRock Inc. now owns 32,067,091 shares of the asset manager’s stock worth $982,213,000 after purchasing an additional 30,884,375 shares during the period. Janus Henderson Group PLC grew its position in Invesco PLC by 5,060.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,787,996 shares of the asset manager’s stock worth $98,110,000 after purchasing an additional 2,733,970 shares during the period. FMR LLC grew its position in Invesco PLC by 137.5% in the 2nd quarter. FMR LLC now owns 2,959,243 shares of the asset manager’s stock worth $104,135,000 after purchasing an additional 1,713,338 shares during the period. Kiltearn Partners LLP grew its position in Invesco PLC by 38.5% in 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 during the period. Finally, Vanguard Group Inc. grew its position in Invesco PLC by 2.7% in 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 during the period. 79.80% of the stock is owned by institutional investors.

WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/20/formulafolio-investments-llc-purchases-new-stake-in-invesco-plc-ivz.html.

A number of equities research analysts have commented on IVZ shares. Royal Bank Of Canada started coverage on shares of Invesco PLC in a research report on Thursday, June 29th. They issued an “outperform” rating and a $41.00 target price for the company. Zacks Investment Research raised shares of Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Tuesday, July 4th. Barclays PLC started coverage on shares of Invesco PLC in a research report on Friday, September 8th. They issued an “overweight” rating and a $38.00 target price for the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $38.00 target price (up previously from $36.00) on shares of Invesco PLC in a research report on Monday, July 10th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating on shares of Invesco PLC in a research report on Sunday, July 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Invesco PLC currently has a consensus rating of “Buy” and an average price target of $38.04.

Shares of Invesco PLC (IVZ) traded up 1.25% during mid-day trading on Friday, reaching $37.34. 3,356,867 shares of the company’s stock were exchanged. The stock has a market capitalization of $15.19 billion, a PE ratio of 16.65 and a beta of 1.80. The company’s 50 day moving average is $34.35 and its 200 day moving average is $33.65. Invesco PLC has a 1-year low of $27.46 and a 1-year high of $37.42.

Invesco PLC (NYSE:IVZ) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The business had revenue of $906.30 million for 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%. The company’s revenue was up 4.5% compared to the same quarter last year. D

Several other institutional investors and hedge funds have also recently made changes to their positions in IVZ. BlackRock Inc. grew its position in Invesco PLC by 2,611.3% in the 1st quarter. BlackRock Inc. now owns 32,067,091 shares of the asset manager’s stock worth $982,213,000 after purchasing an additional 30,884,375 shares during the period. Janus Henderson Group PLC grew its position in Invesco PLC by 5,060.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,787,996 shares of the asset manager’s stock worth $98,110,000 after purchasing an additional 2,733,970 shares during the period. FMR LLC grew its position in Invesco PLC by 137.5% in the 2nd quarter. FMR LLC now owns 2,959,243 shares of the asset manager’s stock worth $104,135,000 after purchasing an additional 1,713,338 shares during the period. Kiltearn Partners LLP grew its position in Invesco PLC by 38.5% in 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 during the period. Finally, Vanguard Group Inc. grew its position in Invesco PLC by 2.7% in 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 during the period. 79.80% of the stock is owned by institutional investors.

WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/20/formulafolio-investments-llc-purchases-new-stake-in-invesco-plc-ivz.html.

A number of equities research analysts have commented on IVZ shares. Royal Bank Of Canada started coverage on shares of Invesco PLC in a research report on Thursday, June 29th. They issued an “outperform” rating and a $41.00 target price for the company. Zacks Investment Research raised shares of Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Tuesday, July 4th. Barclays PLC started coverage on shares of Invesco PLC in a research report on Friday, September 8th. They issued an “overweight” rating and a $38.00 target price for the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $38.00 target price (up previously from $36.00) on shares of Invesco PLC in a research report on Monday, July 10th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating on shares of Invesco PLC in a research report on Sunday, July 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Invesco PLC currently has a consensus rating of “Buy” and an average price target of $38.04.

Shares of Invesco PLC (IVZ) traded up 1.25% during mid-day trading on Friday, reaching $37.34. 3,356,867 shares of the company’s stock were exchanged. The stock has a market capitalization of $15.19 billion, a PE ratio of 16.65 and a beta of 1.80. The company’s 50 day moving average is $34.35 and its 200 day moving average is $33.65. Invesco PLC has a 1-year low of $27.46 and a 1-year high of $37.42.

Invesco PLC (NYSE:IVZ) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The business had revenue of $906.30 million for 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%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share. Equities research analysts anticipate that Invesco PLC will post $2.58 EPS for the current fiscal year.

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

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