Invesco PLC (NYSE:IVZ)‘s stock had its “overweight” rating reiterated by research analysts at Barclays PLC in a note issued to investors on Friday. They presently have a $36.00 price objective on the stock. Barclays PLC’s target price would indicate a potential upside of 18.89% from the stock’s current price.
A number of other brokerages also recently commented on IVZ. Wells Fargo & Co. reiterated a “buy” rating on shares of Invesco PLC in a research report on Wednesday, June 8th. Citigroup Inc. downgraded Invesco PLC from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $38.00 to $27.00 in a research report on Monday, June 27th. Deutsche Bank AG set a $34.00 price objective on Invesco PLC and gave the stock a “buy” rating in a research report on Friday, August 5th. TheStreet upgraded Invesco PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. raised their price objective on Invesco PLC from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Invesco PLC presently has a consensus rating of “Buy” and an average target price of $35.85.
Invesco PLC (NYSE:IVZ) opened at 30.28 on Friday. The stock has a 50 day moving average price of $30.55 and a 200 day moving average price of $29.59. Invesco PLC has a 1-year low of $23.02 and a 1-year high of $35.00. The company has a market cap of $12.41 billion, a PE ratio of 15.29 and a beta of 1.97.
Invesco PLC (NYSE:IVZ) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. Invesco PLC had a return on equity of 11.35% and a net margin of 17.27%. The company earned $1.19 billion during the quarter, compared to the consensus estimate of $853.16 million. During the same quarter last year, the company earned $0.63 EPS. The company’s quarterly revenue was down 9.8% on a year-over-year basis. Equities analysts forecast that Invesco PLC will post $2.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Thursday, August 18th were paid a $0.28 dividend. The ex-dividend date was Tuesday, August 16th. This represents a $1.12 annualized dividend and a dividend yield of 3.70%. Invesco PLC’s dividend payout ratio (DPR) is currently 56.57%.
In other news, Director Edward P. Lawrence sold 1,609 shares of Invesco PLC stock in a transaction on 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 sale, the director now directly owns 33,848 shares of the company’s stock, valued at approximately $1,043,872.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ben F. Johnson III bought 2,000 shares of the stock in a transaction dated Monday, August 1st. The stock was purchased 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 directly owns 28,653 shares in the company, valued at approximately $837,813.72. The disclosure for this purchase can be found here. 1.90% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC boosted its stake in Invesco PLC by 39.8% in the first quarter. Nuveen Asset Management LLC now owns 1,141,298 shares of the company’s stock valued at $35,118,000 after buying an additional 325,008 shares during the period. Retirement Systems of Alabama raised its position in Invesco PLC by 12.3% in the second quarter. Retirement Systems of Alabama now owns 1,327,328 shares of the company’s stock valued at $33,900,000 after buying an additional 145,534 shares in the last quarter. Geode Capital Management LLC raised its position in Invesco PLC by 0.8% in the first quarter. Geode Capital Management LLC now owns 3,404,695 shares of the company’s stock valued at $104,552,000 after buying an additional 28,583 shares in the last quarter. Aviva PLC raised its position in Invesco PLC by 17.6% in the second quarter. Aviva PLC now owns 254,242 shares of the company’s stock valued at $6,493,000 after buying an additional 38,011 shares in the last quarter. Finally, OLD National Bancorp IN raised its position in Invesco PLC by 4.6% in the first quarter. OLD National Bancorp IN now owns 12,704 shares of the company’s stock valued at $391,000 after buying an additional 557 shares in the last quarter. 82.17% of the stock is owned by 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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