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.
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.
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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