Barclays PLC Raises Invesco PLC (IVZ) Price Target to $37.00
Invesco PLC (NYSE:IVZ) had its target price hoisted by Barclays PLC from $36.00 to $37.00 in a research note issued to investors on Thursday morning. They currently have an overweight rating on the stock.
Several other research analysts also recently issued reports on IVZ. Deutsche Bank AG reiterated a buy rating on shares of Invesco PLC in a report on Sunday, July 10th. Jefferies Group reiterated a buy rating and set a $30.00 price target (down from $35.00) on shares of Invesco PLC in a report on Monday, July 11th. Citigroup Inc. upped their price target on shares of Invesco PLC from $27.00 to $31.00 and gave the stock a neutral rating in a report on Friday, July 29th. Keefe, Bruyette & Woods upped their price target on shares of Invesco PLC from $33.00 to $34.00 and gave the stock an outperform rating in a report on Friday, July 29th. Finally, Zacks Investment Research downgraded shares of Invesco PLC from a hold rating to a strong sell rating in a report on Monday, July 11th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $36.25.
Invesco PLC (NYSE:IVZ) opened at 29.59 on Thursday. The company has a market capitalization of $12.13 billion, a price-to-earnings ratio of 14.94 and a beta of 1.96. The firm’s 50-day moving average price is $30.86 and its 200 day moving average price is $29.63. Invesco PLC has a 12-month low of $23.02 and a 12-month high of $35.00.
Invesco PLC (NYSE:IVZ) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. The company earned $1.19 billion during the quarter, compared to the consensus estimate of $853.16 million. Invesco PLC had a net margin of 17.27% and a return on equity of 11.35%. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 earnings per share. On average, analysts expect that Invesco PLC will post $2.26 earnings per share for the current year.
In other Invesco PLC news, Director Edward P. Lawrence sold 1,609 shares of the stock in a transaction on Friday, September 9th. The shares were sold at an average price of $30.84, for a total transaction of $49,621.56. Following the completion of the transaction, the director now owns 33,848 shares in the company, valued at $1,043,872.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ben F. Johnson III bought 2,000 shares of the stock in a transaction dated Monday, August 1st. The stock was purchased at an average price of $29.24 per share, with a total value of $58,480.00. Following the acquisition, the director now directly 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 large investors have recently added to or reduced their stakes in IVZ. American Century Companies Inc. raised its stake in Invesco PLC by 129.7% in the second quarter. American Century Companies Inc. now owns 4,519,350 shares of the company’s stock valued at $115,424,000 after buying an additional 2,551,675 shares during the period. BlackRock Investment Management LLC raised its stake in Invesco PLC by 144.5% in the second quarter. BlackRock Investment Management LLC now owns 3,102,381 shares of the company’s stock valued at $79,235,000 after buying an additional 1,833,447 shares during the period. Prudential Financial Inc. raised its stake in Invesco PLC by 344.4% in the second quarter. Prudential Financial Inc. now owns 2,312,359 shares of the company’s stock valued at $59,058,000 after buying an additional 1,792,000 shares during the period. UBS Group AG raised its stake in Invesco PLC by 13.6% in the first quarter. UBS Group AG now owns 14,334,235 shares of the company’s stock valued at $441,064,000 after buying an additional 1,716,501 shares during the period. Finally, Lord Abbett & CO. LLC raised its stake in Invesco PLC by 42.1% in the second quarter. Lord Abbett & CO. LLC now owns 4,967,980 shares of the company’s stock valued at $126,882,000 after buying an additional 1,472,930 shares during the period. Hedge funds and other institutional investors own 82.08% of the company’s stock.
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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