Invesco PLC (NYSE:IVZ) had its price target boosted by equities researchers at Barclays PLC from $36.00 to $37.00 in a research note issued to investors on Thursday. The brokerage currently has an “overweight” rating on the stock. Barclays PLC’s price objective would indicate a potential upside of 23.70% from the stock’s previous close.
Several other research firms have also recently commented on IVZ. Citigroup Inc. cut shares of Invesco PLC from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $38.00 to $27.00 in a report on Monday, June 27th. Deutsche Bank AG boosted their price target on shares of Invesco PLC from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, October 5th. Bank of America Corp. reiterated a “buy” rating and set a $37.00 price target on shares of Invesco PLC in a report on Monday, September 26th. Jefferies Group upped their target price on shares of Invesco PLC from $30.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, October 11th. Finally, Wells Fargo & Co. restated a “buy” rating on shares of Invesco PLC in a report on Wednesday, September 21st. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Invesco PLC presently has an average rating of “Buy” and an average price target of $36.25.
Shares of Invesco PLC (NYSE:IVZ) opened at 29.91 on Thursday. The firm has a market cap of $12.26 billion, a price-to-earnings ratio of 15.11 and a beta of 1.96. Invesco PLC has a 52-week low of $23.02 and a 52-week high of $35.00. The company’s 50-day moving average is $30.93 and its 200 day moving average is $29.67.
Invesco PLC (NYSE:IVZ) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. Invesco PLC had a net margin of 17.27% and a return on equity of 11.35%. The company earned $1.19 billion during the quarter, compared to analysts’ expectations of $853.16 million. During the same quarter in the previous year, the business posted $0.63 EPS. The firm’s revenue was down 9.8% on a year-over-year basis. On average, analysts expect that Invesco PLC will post $2.26 earnings per share for the current fiscal year.
In other Invesco PLC news, Director Edward P. Lawrence sold 1,609 shares of the company’s 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 approximately $1,043,872.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ben F. Johnson III acquired 2,000 shares of the business’s stock in a transaction on Monday, August 1st. The shares were purchased at an average price of $29.24 per share, with a total value of $58,480.00. Following the transaction, the director now 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.
A number of institutional investors have recently made changes to their positions in IVZ. Vanguard Group Inc. increased its position in shares of Invesco PLC by 1.0% in the second quarter. Vanguard Group Inc. now owns 31,376,066 shares of the company’s stock worth $801,345,000 after buying an additional 319,989 shares during the last quarter. State Street Corp increased its position in shares of Invesco PLC by 0.7% in the first quarter. State Street Corp now owns 17,469,359 shares of the company’s stock worth $537,535,000 after buying an additional 120,361 shares during the last quarter. UBS Group AG increased its position in shares of Invesco PLC by 13.6% in the first quarter. UBS Group AG now owns 14,334,235 shares of the company’s stock worth $441,064,000 after buying an additional 1,716,501 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Invesco PLC by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,279,226 shares of the company’s stock worth $288,071,000 after buying an additional 34,059 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Invesco PLC by 1.5% in the second quarter. BlackRock Fund Advisors now owns 7,344,640 shares of the company’s stock worth $187,582,000 after buying an additional 107,962 shares during the last quarter. 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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