Invesco PLC (NYSE:IVZ)‘s stock had its “outperform” rating reiterated by equities researchers at Wells Fargo & Company in a research report issued on Sunday.
Several other analysts have also recently weighed in on the stock. Jefferies Group LLC increased their price target on shares of Invesco PLC from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, April 17th. Credit Suisse Group reissued a “hold” rating and issued a $34.00 price target on shares of Invesco PLC in a research note on Friday, April 7th. Zacks Investment Research raised shares of Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Tuesday, July 4th. Royal Bank Of Canada started coverage on shares of Invesco PLC in a research note on Thursday, June 29th. They issued an “outperform” rating and a $41.00 price target for the company. Finally, Citigroup Inc. raised shares of Invesco PLC from a “neutral” rating to a “buy” rating and increased their price target for the company from $35.00 to $37.50 in a research note on Monday, June 5th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $37.29.
Shares of Invesco PLC (NYSE IVZ) traded down 0.69% during mid-day trading on Friday, reaching $34.36. 4,236,109 shares of the company’s stock traded hands. The company’s 50-day moving average price is $35.39 and its 200-day moving average price is $32.49. Invesco PLC has a 12-month low of $27.46 and a 12-month high of $36.83. The stock has a market capitalization of $13.98 billion, a PE ratio of 15.34 and a beta of 1.81.
Invesco PLC (NYSE:IVZ) last posted its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. Invesco PLC had a net margin of 18.98% and a return on equity of 12.91%. The business had revenue of $906.30 million during the quarter, compared to analysts’ expectations of $891.19 million. During the same quarter in the prior year, the company posted $0.56 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Analysts anticipate that Invesco PLC will post $2.54 earnings per share for the current year.
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In other Invesco PLC news, insider Philip Taylor sold 60,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $32.40, for a total transaction of $1,944,000.00. Following the sale, the insider now directly owns 146,222 shares in the company, valued at approximately $4,737,592.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.80% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the company. Financial Architects Inc raised its stake in Invesco PLC by 54.3% in the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock worth $109,000 after buying an additional 1,082 shares during the period. IFP Advisors Inc raised its stake in Invesco PLC by 5.9% in the first quarter. IFP Advisors Inc now owns 3,950 shares of the asset manager’s stock worth $121,000 after buying an additional 221 shares during the period. Global X Management Co. LLC raised its stake in shares of Invesco PLC by 29.4% in the first quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock worth $171,000 after buying an additional 1,267 shares during the last quarter. Duncker Streett & Co. Inc. raised its stake in shares of Invesco PLC by 110.1% in the first quarter. Duncker Streett & Co. Inc. now owns 6,067 shares of the asset manager’s stock worth $186,000 after buying an additional 3,180 shares during the last quarter. Finally, Americafirst Capital Management LLC purchased a new stake in shares of Invesco PLC during the first quarter worth $188,000. Institutional investors own 79.87% of the company’s stock.
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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