Invesco PLC (NYSE:IVZ) had its price target upped by Jefferies Group LLC from $41.00 to $42.00 in a research note issued to investors on Friday. Jefferies Group LLC currently has a buy rating on the asset manager’s stock. Jefferies Group also issued estimates for Invesco PLC’s Q4 2017 earnings at $0.68 EPS, FY2017 earnings at $2.65 EPS, FY2018 earnings at $2.83 EPS and FY2019 earnings at $3.15 EPS.
IVZ has been the subject of a number of other reports. Zacks Investment Research lowered shares of Invesco PLC from a buy rating to a hold rating in a research report on Thursday, October 12th. Keefe, Bruyette & Woods reissued a buy rating and set a $39.00 price target on shares of Invesco PLC in a research report on Tuesday, October 3rd. Wells Fargo & Company raised their price target on shares of Invesco PLC from $38.00 to $40.00 and gave the stock an outperform rating in a research report on Wednesday, October 11th. Goldman Sachs Group, Inc. (The) lowered shares of Invesco PLC from a buy rating to a neutral rating and reduced their price target for the stock from $38.00 to $36.00 in a research report on Thursday, September 28th. Finally, ValuEngine lowered shares of Invesco PLC from a buy rating to a hold rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. Invesco PLC currently has a consensus rating of Buy and an average price target of $38.50.
Invesco PLC (NYSE:IVZ) traded down $0.11 on Friday, reaching $36.05. 2,448,831 shares of the company’s stock were exchanged, compared to its average volume of 2,629,035. Invesco PLC has a 12 month low of $27.58 and a 12 month high of $37.75. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. The stock has a market cap of $14,668.42, a price-to-earnings ratio of 14.14, a PEG ratio of 1.14 and a beta of 1.81.
Invesco PLC (NYSE:IVZ) last posted its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Invesco PLC had a net margin of 18.99% and a return on equity of 13.02%. The company had revenue of $976.60 million during the quarter, compared to analyst estimates of $940.96 million. During the same period last year, the firm posted $0.60 EPS. Invesco PLC’s revenue for the quarter was up 14.3% compared to the same quarter last year. equities research analysts anticipate that Invesco PLC will post 2.65 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Tuesday, November 14th will be paid a $0.29 dividend. The ex-dividend date is Monday, November 13th. This represents a $1.16 dividend on an annualized basis and a yield of 3.22%. Invesco PLC’s dividend payout ratio is currently 50.44%.
In related news, insider Colin Meadows sold 54,215 shares of Invesco PLC stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total value of $1,952,282.15. Following the sale, the insider now owns 164,420 shares of the company’s stock, valued at approximately $5,920,764.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. grew its stake in Invesco PLC by 0.9% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 6,120 shares of the asset manager’s stock valued at $215,000 after acquiring an additional 53 shares during the period. Flinton Capital Management LLC grew its stake in Invesco PLC by 0.8% in the 2nd quarter. Flinton Capital Management LLC now owns 10,368 shares of the asset manager’s stock valued at $365,000 after acquiring an additional 80 shares during the period. IFC Holdings Incorporated FL grew its stake in Invesco PLC by 0.7% in the 2nd quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock valued at $428,000 after acquiring an additional 90 shares during the period. Huntington National Bank grew its stake in Invesco PLC by 0.7% in the 2nd quarter. Huntington National Bank now owns 14,321 shares of the asset manager’s stock valued at $504,000 after acquiring an additional 103 shares during the period. Finally, Riverhead Capital Management LLC grew its stake in Invesco PLC by 1.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 11,593 shares of the asset manager’s stock valued at $408,000 after acquiring an additional 144 shares during the period. 79.77% of the stock is currently owned by hedge funds and other institutional investors.
About Invesco PLC
Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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