Invesco PLC (IVZ) Forecasted to Earn FY2016 Earnings of $2.22 Per Share

Invesco PLC (NYSE:IVZ) – Equities research analysts at Jefferies Group dropped their FY2016 earnings estimates for Invesco PLC in a report issued on Tuesday. Jefferies Group analyst D. Fannon now anticipates that the brokerage will post earnings of $2.22 per share for the year, down from their previous estimate of $2.23. Jefferies Group has a “Buy” rating and a $37.00 price objective on the stock. Jefferies Group also issued estimates for Invesco PLC’s Q4 2016 earnings at $0.58 EPS, Q1 2017 earnings at $0.58 EPS, Q2 2017 earnings at $0.61 EPS, Q3 2017 earnings at $0.63 EPS, Q4 2017 earnings at $0.65 EPS, FY2017 earnings at $2.47 EPS and FY2018 earnings at $2.68 EPS.

IVZ has been the subject of several other research reports. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Invesco PLC in a research report on Tuesday, December 13th. Zacks Investment Research cut shares of Invesco PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, December 13th. Morgan Stanley reissued an “overweight” rating on shares of Invesco PLC in a research report on Saturday, December 17th. Deutsche Bank AG increased their price target on shares of Invesco PLC from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, October 5th. Finally, Barclays PLC increased their price target on shares of Invesco PLC from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, October 13th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $36.00.

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Invesco PLC (NYSE:IVZ) traded up 0.65% on Wednesday, reaching $30.87. The company’s stock had a trading volume of 930,652 shares. The firm has a market cap of $12.61 billion, a P/E ratio of 15.56 and a beta of 1.86. The firm’s 50 day moving average is $31.47 and its 200-day moving average is $29.95. Invesco PLC has a 12 month low of $23.02 and a 12 month high of $33.34.

Invesco PLC (NYSE:IVZ) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.01. Invesco PLC had a return on equity of 11.52% and a net margin of 17.36%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company posted $0.61 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year.

In other news, insider Karen Dunn Kelley sold 157,615 shares of the firm’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $31.56, for a total value of $4,974,329.40. Following the completion of the sale, the insider now directly owns 721,989 shares of the company’s stock, valued at approximately $22,785,972.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew Tak Shing Lo sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $27.71, for a total transaction of $4,156,500.00. Following the completion of the sale, the insider now directly owns 251,603 shares of the company’s stock, valued at $6,971,919.13. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: This report was originally published by Community Financial News and is owned by of Community Financial News. If you are reading this report on another publication, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this report can be accessed at https://www.com-unik.info/2017/01/11/invesco-plc-ivz-forecasted-to-earn-fy2016-earnings-of-2-22-per-share.html.

Large investors have recently bought and sold shares of the company. Virtus Investment Advisers Inc. acquired a new position in shares of Invesco PLC during the third quarter valued at about $107,000. Global X Management Co. LLC raised its position in shares of Invesco PLC by 111.2% in the third quarter. Global X Management Co. LLC now owns 3,605 shares of the company’s stock valued at $113,000 after buying an additional 1,898 shares during the last quarter. Point72 Asia Hong Kong Ltd raised its position in shares of Invesco PLC by 11.9% in the second quarter. Point72 Asia Hong Kong Ltd now owns 4,700 shares of the company’s stock valued at $120,000 after buying an additional 500 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in shares of Invesco PLC by 76.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 5,557 shares of the company’s stock valued at $142,000 after buying an additional 2,406 shares during the last quarter. Finally, Ropes Wealth Advisors LLC raised its position in shares of Invesco PLC by 8.6% in the third quarter. Ropes Wealth Advisors LLC now owns 4,754 shares of the company’s stock valued at $149,000 after buying an additional 377 shares during the last quarter. 79.81% of the stock is owned by hedge funds and other 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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