Several other brokerages have also weighed in on IVZ. Deutsche Bank AG reissued a buy rating on shares of Invesco PLC in a report on Sunday, July 10th. Citigroup Inc. lifted their price objective on Invesco PLC from $27.00 to $31.00 and gave the stock a neutral rating in a report on Friday, July 29th. Barclays PLC reissued an overweight rating and set a $34.00 price objective on shares of Invesco PLC in a report on Friday, July 15th. Keefe, Bruyette & Woods lifted their price objective on Invesco PLC from $33.00 to $34.00 and gave the stock an outperform rating in a report on Friday, July 29th. Finally, Zacks Investment Research lowered Invesco PLC from a hold rating to a strong sell rating in a report on Monday, July 11th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $36.25.
Invesco PLC (NYSE:IVZ) opened at 29.91 on Tuesday. Invesco PLC has a one year low of $23.02 and a one year high of $35.00. The firm has a market capitalization of $12.26 billion, a price-to-earnings ratio of 15.11 and a beta of 1.96. The stock’s 50 day moving average price is $30.93 and its 200-day moving average price is $29.67.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $853.16 million. Invesco PLC had a return on equity of 11.35% and a net margin of 17.27%. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 EPS. On average, equities research analysts anticipate 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 business’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $30.84, for a total value of $49,621.56. Following the completion of the transaction, the director now directly owns 33,848 shares of the company’s stock, valued at $1,043,872.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ben F. Johnson III bought 2,000 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was acquired at an average cost of $29.24 per share, with a total value of $58,480.00. Following the completion of the purchase, the director now owns 28,653 shares of the company’s stock, valued at approximately $837,813.72. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Charter Trust Co. boosted its position in Invesco PLC by 16.2% in the third quarter. Charter Trust Co. now owns 10,032 shares of the company’s stock valued at $314,000 after buying an additional 1,400 shares in the last quarter. Investment Management of Virginia LLC boosted its position in Invesco PLC by 0.5% in the third quarter. Investment Management of Virginia LLC now owns 38,400 shares of the company’s stock valued at $1,201,000 after buying an additional 210 shares in the last quarter. Highland Capital Management LLC boosted its position in Invesco PLC by 8.2% in the third quarter. Highland Capital Management LLC now owns 147,113 shares of the company’s stock valued at $4,600,000 after buying an additional 11,140 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Invesco PLC by 4.2% in the third quarter. Nisa Investment Advisors LLC now owns 142,641 shares of the company’s stock valued at $4,460,000 after buying an additional 5,765 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in Invesco PLC during the third quarter valued at $610,000. 82.08% of the stock is owned by hedge funds and other institutional investors.
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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