Invesco PLC (NYSE:IVZ) – Analysts at Jefferies Group upped their Q3 2016 earnings per share estimates for shares of Invesco PLC in a research note issued to investors on Tuesday. Jefferies Group analyst D. Fannon now anticipates that the firm will post earnings of $0.60 per share for the quarter, up from their previous estimate of $0.58. Jefferies Group currently has a “Buy” rating and a $37.00 target price on the stock. Jefferies Group also issued estimates for Invesco PLC’s Q4 2016 earnings at $0.61 EPS, FY2016 earnings at $2.25 EPS and FY2017 earnings at $2.55 EPS.
IVZ has been the subject of a number of other research reports. Wells Fargo & Co. reiterated a “buy” rating on shares of Invesco PLC in a research note on Wednesday, September 21st. Bank of America Corp. reiterated a “buy” rating and set a $37.00 price target on shares of Invesco PLC in a research note on Monday, September 26th. Deutsche Bank AG increased their price target on shares of Invesco PLC from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, September 9th. Citigroup Inc. cut shares of Invesco PLC from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $38.00 to $27.00 in a research note on Monday, June 27th. Finally, Barclays PLC increased their price target on shares of Invesco PLC from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, July 29th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $36.33.
Shares of Invesco PLC (NYSE:IVZ) opened at 30.80 on Wednesday. The stock’s 50 day moving average is $30.97 and its 200-day moving average is $29.67. Invesco PLC has a 1-year low of $23.02 and a 1-year high of $35.00. The stock has a market cap of $12.63 billion, a PE ratio of 15.56 and a beta of 1.96.
Invesco PLC (NYSE:IVZ) last released its earnings results on Thursday, July 28th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The business earned $1.19 billion during the quarter, compared to analysts’ expectations of $853.16 million. Invesco PLC had a net margin of 17.27% and a return on equity of 11.35%. The company’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 earnings per share.
Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in shares of Invesco PLC by 4.2% in the third quarter. Nisa Investment Advisors LLC now owns 142,641 shares of the company’s stock worth $4,460,000 after buying an additional 5,765 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Invesco PLC during the third quarter worth approximately $610,000. Atria Investments LLC increased its stake in shares of Invesco PLC by 27.7% in the third quarter. Atria Investments LLC now owns 40,487 shares of the company’s stock worth $1,266,000 after buying an additional 8,773 shares during the period. Creative Planning increased its stake in shares of Invesco PLC by 244.8% in the third quarter. Creative Planning now owns 60,437 shares of the company’s stock worth $1,890,000 after buying an additional 42,908 shares during the period. Finally, E&G Advisors LP purchased a new stake in shares of Invesco PLC during the third quarter worth approximately $419,000. Institutional investors and hedge funds own 82.18% of the company’s stock.
In other news, Director Edward P. Lawrence sold 1,609 shares of Invesco PLC stock in a transaction dated 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 sale, the director now directly owns 33,848 shares in the company, valued at $1,043,872.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ben F. Johnson III purchased 2,000 shares of the stock in a transaction dated 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 completion of the acquisition, the director now owns 28,653 shares of the company’s stock, valued at $837,813.72. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.
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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