Invesco (NYSE:IVZ) – Research analysts at William Blair lowered their Q1 2018 earnings estimates for shares of Invesco in a report released on Friday, April 20th. William Blair analyst C. Shutler now anticipates that the asset manager will post earnings per share of $0.69 for the quarter, down from their previous forecast of $0.72. William Blair also issued estimates for Invesco’s Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.77 EPS, FY2018 earnings at $2.91 EPS and FY2019 earnings at $3.16 EPS.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.03. Invesco had a return on equity of 13.20% and a net margin of 21.85%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $982.86 million. During the same period in the previous year, the firm earned $0.59 EPS. The firm’s revenue was up 16.3% compared to the same quarter last year.

Other research analysts have also recently issued reports about the company. Deutsche Bank raised Invesco from a “hold” rating to a “buy” rating and lowered their price target for the stock from $39.00 to $38.00 in a report on Tuesday, February 13th. Zacks Investment Research raised Invesco from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Friday, February 9th. Credit Suisse Group reissued a “buy” rating on shares of Invesco in a report on Thursday, February 1st. JPMorgan Chase set a $45.00 price target on Invesco and gave the stock a “buy” rating in a report on Monday, January 8th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $37.00 price target on shares of Invesco in a report on Wednesday, April 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $40.21.

NYSE IVZ opened at $31.06 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.55 and a current ratio of 1.55. Invesco has a 12 month low of $30.19 and a 12 month high of $38.43. The company has a market capitalization of $12,645.99, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 1.02 and a beta of 1.71.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Republic Investment Management Inc. increased its position in shares of Invesco by 17.5% during the 4th quarter. First Republic Investment Management Inc. now owns 43,416 shares of the asset manager’s stock valued at $1,586,000 after purchasing an additional 6,457 shares during the last quarter. Atlantic Trust Group LLC increased its position in shares of Invesco by 19.2% during the 3rd quarter. Atlantic Trust Group LLC now owns 31,818 shares of the asset manager’s stock valued at $1,115,000 after purchasing an additional 5,131 shares during the last quarter. MUFG Americas Holdings Corp increased its position in shares of Invesco by 302.7% during the 4th quarter. MUFG Americas Holdings Corp now owns 29,684 shares of the asset manager’s stock valued at $1,085,000 after purchasing an additional 22,312 shares during the last quarter. FDx Advisors Inc. increased its position in shares of Invesco by 2.1% during the 4th quarter. FDx Advisors Inc. now owns 102,153 shares of the asset manager’s stock valued at $3,733,000 after purchasing an additional 2,108 shares during the last quarter. Finally, ETRADE Capital Management LLC grew its position in Invesco by 137.8% in the 4th quarter. ETRADE Capital Management LLC now owns 13,937 shares of the asset manager’s stock valued at $509,000 after acquiring an additional 8,076 shares during the last quarter. 82.42% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Annette Lege sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $34.31, for a total transaction of $171,550.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Sarah Beshar bought 2,970 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were bought at an average cost of $33.32 per share, for a total transaction of $98,960.40. Following the transaction, the director now owns 8,837 shares in the company, valued at approximately $294,448.84. The disclosure for this purchase can be found here. Insiders have sold a total of 452,860 shares of company stock worth $15,011,173 over the last ninety days. Insiders own 1.80% of the company’s stock.

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Invesco Company Profile

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.

Earnings History and Estimates for Invesco (NYSE:IVZ)

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