Invesco Ltd. Forecasted to Post Q1 2019 Earnings of $0.78 Per Share (IVZ)
Invesco Ltd. (NYSE:IVZ) – William Blair reduced their Q1 2019 earnings estimates for Invesco in a research report issued to clients and investors on Monday. William Blair analyst C. Shutler now expects that the asset manager will earn $0.78 per share for the quarter, down from their previous forecast of $0.81. William Blair also issued estimates for Invesco’s Q2 2019 earnings at $0.81 EPS, Q3 2019 earnings at $0.85 EPS and FY2019 earnings at $3.30 EPS.
Several other equities analysts also recently issued reports on the stock. Royal Bank of Canada set a $47.00 price target on shares of Invesco and gave the company a “buy” rating in a report on Saturday, December 16th. Bank of America lowered shares of Invesco from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research report on Monday, January 8th. Zacks Investment Research lowered shares of Invesco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Citigroup lowered shares of Invesco from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. Finally, ValuEngine raised shares of Invesco from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $40.50.
Invesco (NYSE:IVZ) last issued its earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.03. Invesco had a net margin of 21.85% and a return on equity of 13.51%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $982.86 million. During the same period in the previous year, the business earned $0.59 EPS. The firm’s revenue was up 16.3% on a year-over-year basis.
Several hedge funds have recently bought and sold shares of the company. Sun Life Financial INC purchased a new stake in Invesco in the third quarter worth approximately $145,000. Valeo Financial Advisors LLC purchased a new stake in shares of Invesco in the third quarter worth about $160,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Invesco in the second quarter worth about $185,000. ETRADE Capital Management LLC purchased a new stake in shares of Invesco in the third quarter worth about $205,000. Finally, Miles Capital Inc. purchased a new stake in shares of Invesco in the fourth quarter worth about $205,000. 81.07% of the stock is owned by hedge funds and other institutional investors.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Thursday, February 15th will be issued a $0.29 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. Invesco’s dividend payout ratio (DPR) is currently 42.34%.
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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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