Analysts Set Invesco PLC (IVZ) PT at $37.55
Invesco PLC (NYSE:IVZ) has earned an average recommendation of “Buy” from the fifteen analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $37.55.
IVZ has been the topic of several research analyst reports. Citigroup Inc. raised Invesco PLC from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $37.50 in a research note on Monday, June 5th. ValuEngine downgraded Invesco PLC from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $41.00 price objective on shares of Invesco PLC in a research note on Sunday, July 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $38.00 price objective (up previously from $36.00) on shares of Invesco PLC in a research note on Monday, July 10th. Finally, BidaskClub downgraded Invesco PLC from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th.
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Several hedge funds and other institutional investors have recently made changes to their positions in IVZ. Russell Investments Group Ltd. grew its holdings in shares of Invesco PLC by 11.0% in the 1st quarter. Russell Investments Group Ltd. now owns 88,228 shares of the asset manager’s stock valued at $2,702,000 after acquiring an additional 8,722 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Invesco PLC by 19.3% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 9,245 shares of the asset manager’s stock valued at $283,000 after acquiring an additional 1,496 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Invesco PLC by 11.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,558,878 shares of the asset manager’s stock valued at $47,748,000 after acquiring an additional 165,363 shares in the last quarter. Meadow Creek Investment Management LLC grew its holdings in shares of Invesco PLC by 8.6% in the 1st quarter. Meadow Creek Investment Management LLC now owns 14,146 shares of the asset manager’s stock valued at $433,000 after acquiring an additional 1,122 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Invesco PLC by 27.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,936 shares of the asset manager’s stock valued at $917,000 after acquiring an additional 6,517 shares in the last quarter. Institutional investors own 79.79% of the company’s stock.
Shares of Invesco PLC (NYSE IVZ) traded down 0.18% on Friday, hitting $33.45. The stock had a trading volume of 2,140,873 shares. The firm has a 50 day moving average price of $33.22 and a 200 day moving average price of $33.02. Invesco PLC has a one year low of $27.46 and a one year high of $36.84. The company has a market capitalization of $13.61 billion, a P/E ratio of 14.91 and a beta of 1.80.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The business had revenue of $906.30 million for the quarter, compared to the consensus estimate of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. On average, equities research analysts predict that Invesco PLC will post $2.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Tuesday, August 15th. Invesco PLC’s payout ratio is 52.02%.
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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