Invesco PLC (NYSE:IVZ) – Analysts at William Blair issued their Q1 2018 earnings per share (EPS) estimates for shares of Invesco PLC in a research note issued on Friday. William Blair analyst C. Shutler expects that the asset manager will post earnings of $0.65 per share for the quarter. William Blair also issued estimates for Invesco PLC’s Q2 2018 earnings at $0.66 EPS, Q3 2018 earnings at $0.69 EPS and Q4 2018 earnings at $0.69 EPS.

Other analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating in a report on Monday. Jefferies Group LLC restated a “buy” rating and issued a $41.00 price objective on shares of Invesco PLC in a report on Sunday, July 30th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $39.00 price objective on shares of Invesco PLC in a report on Tuesday. Citigroup Inc. raised their target price on shares of Invesco PLC from $38.50 to $39.50 and gave the stock a “buy” rating in a research report on Tuesday. Finally, UBS AG raised their target price on shares of Invesco PLC from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $37.46.

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Invesco PLC (IVZ) traded down 0.59% during midday trading on Monday, reaching $35.55. 648,167 shares of the company’s stock were exchanged. Invesco PLC has a 12-month low of $27.46 and a 12-month high of $36.84. The firm has a 50-day moving average price of $33.23 and a 200 day moving average price of $33.20. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 15.85 and a beta of 1.80.

Invesco PLC (NYSE:IVZ) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, beating 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 business had revenue of $906.30 million for the quarter, compared to analysts’ expectations of $891.19 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year.

Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake 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 worth $2,702,000 after buying an additional 8,722 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Invesco PLC by 11.9% during 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 buying an additional 165,363 shares in the last quarter. Schroder Investment Management Group increased its position in Invesco PLC by 16.4% during the 1st quarter. Schroder Investment Management Group now owns 66,238 shares of the asset manager’s stock valued at $2,035,000 after buying an additional 9,339 shares in the last quarter. Cibc World Markets Corp increased its position in Invesco PLC by 50.3% during the 1st quarter. Cibc World Markets Corp now owns 42,165 shares of the asset manager’s stock valued at $1,292,000 after buying an additional 14,105 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in Invesco PLC by 6.9% during the 1st quarter. Neuberger Berman Group LLC now owns 53,363 shares of the asset manager’s stock valued at $1,635,000 after buying an additional 3,441 shares in the last quarter. Hedge funds and other institutional investors own 79.79% 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.

Earnings History and Estimates for Invesco PLC (NYSE:IVZ)

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