Brokerages Set Invesco PLC (IVZ) Price Target at $36.10
Shares of Invesco PLC (NYSE:IVZ) have been given an average recommendation of “Buy” by the sixteen brokerages that are presently covering the company. Four equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $36.27.
Several equities research analysts have recently issued reports on IVZ shares. Barclays PLC restated an “overweight” rating and issued a $36.00 target price on shares of Invesco PLC in a report on Friday, September 23rd. Citigroup Inc. lowered shares of Invesco PLC from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $38.00 to $27.00 in a report on Monday, June 27th. Deutsche Bank AG raised their target price on shares of Invesco PLC from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, October 5th. Bank of America Corp. restated a “buy” rating and issued a $37.00 target price on shares of Invesco PLC in a report on Monday, September 26th. Finally, Jefferies Group raised their target price on shares of Invesco PLC from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday.
Shares of Invesco PLC (NYSE:IVZ) opened at 30.31 on Tuesday. The stock has a market cap of $12.42 billion, a PE ratio of 15.31 and a beta of 1.96. Invesco PLC has a one year low of $23.02 and a one year high of $35.00. The firm has a 50-day moving average of $30.96 and a 200-day moving average of $29.67.
Invesco PLC (NYSE:IVZ) last released its earnings results on Thursday, July 28th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The firm earned $1.19 billion during 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%. The business’s revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the business earned $0.63 EPS. On average, equities research analysts expect that Invesco PLC will post $2.26 earnings per share for the current fiscal year.
In related news, Director Ben F. Johnson III bought 2,000 shares of the company’s stock in a transaction on Monday, August 1st. The shares were bought at an average price of $29.24 per share, with a total value of $58,480.00. Following the transaction, the director now owns 28,653 shares in the company, valued at $837,813.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward P. Lawrence sold 1,609 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $30.84, for a total transaction of $49,621.56. Following the sale, the director now directly owns 33,848 shares in the company, valued at approximately $1,043,872.32. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Genesee Valley Trust Co. increased its stake in Invesco PLC by 0.7% in the second quarter. Genesee Valley Trust Co. now owns 9,067 shares of the company’s stock valued at $232,000 after buying an additional 65 shares in the last quarter. Mackenzie Financial Corp increased its stake in Invesco PLC by 0.5% in the second quarter. Mackenzie Financial Corp now owns 13,699 shares of the company’s stock valued at $350,000 after buying an additional 71 shares in the last quarter. SSI Investment Management Inc. increased its stake in Invesco PLC by 1.5% in the second quarter. SSI Investment Management Inc. now owns 8,214 shares of the company’s stock valued at $213,000 after buying an additional 121 shares in the last quarter. First Allied Advisory Services Inc. increased its stake in Invesco PLC by 1.2% in the second quarter. First Allied Advisory Services Inc. now owns 14,592 shares of the company’s stock valued at $373,000 after buying an additional 167 shares in the last quarter. Finally, Investment Management of Virginia LLC increased its stake in Invesco PLC by 0.5% in the third quarter. Investment Management of Virginia LLC now owns 38,400 shares of the company’s stock valued at $1,201,000 after buying an additional 210 shares in the last quarter. 82.18% of the stock is currently owned by institutional investors.
Invesco PLC Company Profile
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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