Invesco PLC (IVZ) PT Raised to $36.00
Invesco PLC (NYSE:IVZ) had its price objective hoisted by Deutsche Bank AG from $35.00 to $36.00 in a report published on Wednesday, StockTargetPrices.com reports. They currently have a buy rating on the stock.
Several other equities analysts have also weighed in on the stock. Bank of America Corp. restated a buy rating and set a $37.00 target price on shares of Invesco PLC in a report on Monday, September 26th. Wells Fargo & Co. restated a buy rating on shares of Invesco PLC in a report on Wednesday, September 21st. Citigroup Inc. lowered shares of Invesco PLC from a buy rating to a neutral rating and reduced their target price for the company from $38.00 to $27.00 in a report on Monday, June 27th. JPMorgan Chase & Co. lifted their target price on shares of Invesco PLC from $36.00 to $37.00 and gave the company an overweight rating in a report on Friday, July 29th. Finally, Jefferies Group restated a buy rating on shares of Invesco PLC in a report on Friday, June 10th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Invesco PLC presently has an average rating of Buy and an average target price of $35.75.
Invesco PLC (NYSE:IVZ) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $853.16 million. Invesco PLC had a net margin of 17.27% and a return on equity of 11.35%. Invesco PLC’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter last year, the business earned $0.63 EPS.
In other news, Director Edward P. Lawrence sold 1,609 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $30.84, for a total value of $49,621.56. Following the completion of the sale, the director now directly owns 33,848 shares of the company’s stock, valued at approximately $1,043,872.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ben F. Johnson III purchased 2,000 shares of Invesco PLC stock in a transaction dated Monday, August 1st. The stock was bought at an average cost of $29.24 per share, with a total value of $58,480.00. Following the completion of the purchase, the director now owns 28,653 shares in the company, valued at approximately $837,813.72. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of Invesco PLC by 129.7% in the second quarter. American Century Companies Inc. now owns 4,519,350 shares of the company’s stock worth $115,424,000 after buying an additional 2,551,675 shares in the last quarter. BlackRock Investment Management LLC raised its stake in shares of Invesco PLC by 144.5% in the second quarter. BlackRock Investment Management LLC now owns 3,102,381 shares of the company’s stock worth $79,235,000 after buying an additional 1,833,447 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Invesco PLC by 344.4% in the second quarter. Prudential Financial Inc. now owns 2,312,359 shares of the company’s stock worth $59,058,000 after buying an additional 1,792,000 shares in the last quarter. UBS Group AG raised its stake in shares of Invesco PLC by 13.6% in the first quarter. UBS Group AG now owns 14,334,235 shares of the company’s stock worth $441,064,000 after buying an additional 1,716,501 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in shares of Invesco PLC by 42.1% in the second quarter. Lord Abbett & CO. LLC now owns 4,967,980 shares of the company’s stock worth $126,882,000 after buying an additional 1,472,930 shares in the last quarter. 82.18% of the stock is owned by institutional investors.
About Invesco PLC
Invesco Ltd. (Invesco) is an independent global investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a diverse set of investment vehicles, to help clients achieve their investment objectives. It operates in the investment management segment.
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