BidaskClub downgraded shares of Invesco PLC (NYSE:IVZ) from a hold rating to a sell rating in a research report report published on Saturday.
A number of other equities analysts also recently commented on IVZ. Deutsche Bank AG increased their price objective on shares of Invesco PLC from $32.00 to $33.00 and gave the stock a hold rating in a research note on Friday, April 28th. Jefferies Group LLC restated a buy rating and set a $35.00 price objective on shares of Invesco PLC in a research note on Wednesday, May 17th. ValuEngine downgraded shares of Invesco PLC from a buy rating to a hold rating in a research note on Friday, June 2nd. Citigroup Inc. upgraded shares of Invesco PLC from a neutral rating to a buy rating and increased their price objective for the stock from $35.00 to $37.50 in a research note on Monday, June 5th. Finally, Royal Bank Of Canada initiated coverage on shares of Invesco PLC in a research note on Thursday, June 29th. They set an outperform rating and a $41.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $37.29.
Shares of Invesco PLC (NYSE IVZ) traded up 0.27% during mid-day trading on Friday, hitting $32.86. The stock had a trading volume of 2,974,908 shares. The stock’s 50-day moving average price is $35.10 and its 200-day moving average price is $32.87. Invesco PLC has a 12-month low of $27.46 and a 12-month high of $36.84. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 14.65 and a beta of 1.80.
Invesco PLC (NYSE:IVZ) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The company had revenue of $906.30 million during the quarter, compared to the consensus estimate of $891.19 million. During the same period in the prior year, the business posted $0.56 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts anticipate that Invesco PLC will post $2.54 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.53%. Invesco PLC’s payout ratio is 52.02%.
Several large investors have recently modified their holdings of the stock. Financial Architects Inc boosted its stake in shares of 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 last quarter. IFP Advisors Inc boosted its stake in shares of 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 last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Invesco PLC during the second quarter worth about $185,000. Global X Management Co. LLC boosted 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. Finally, Gilbert & Cook Inc. bought a new position in Invesco PLC during the second quarter valued at $203,000. 79.20% of the stock is currently owned by institutional investors.
Invesco PLC Company Profile
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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