Invesco PLC (IVZ) Given New $37.00 Price Target at UBS AG
Other research analysts also recently issued research reports about the company. Royal Bank Of Canada began coverage on Invesco PLC in a report on Thursday, June 29th. They issued an outperform rating and a $41.00 price target for the company. Jefferies Group LLC restated a buy rating and set a $41.00 price objective on shares of Invesco PLC in a report on Sunday, July 30th. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $36.00 target price on shares of Invesco PLC in a research report on Sunday, July 2nd. Barclays PLC began coverage on Invesco PLC in a research report on Friday, September 8th. They issued an overweight rating and a $38.00 target price on the stock. Finally, ValuEngine raised Invesco PLC from a hold rating to a buy rating in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Invesco PLC currently has an average rating of Buy and a consensus price target of $37.46.
Shares of Invesco PLC (NYSE IVZ) opened at 35.53 on Monday. Invesco PLC has a 12-month low of $27.46 and a 12-month high of $36.84. The firm’s 50-day moving average is $33.18 and its 200-day moving average is $33.17. The firm has a market cap of $14.46 billion, a PE ratio of 15.84 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $906.30 million during the quarter, compared to analysts’ expectations of $891.19 million. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. Equities analysts expect that Invesco PLC will post $2.54 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Architects Inc grew its position in shares of Invesco PLC by 54.3% during the 2nd quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock valued at $109,000 after buying an additional 1,082 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Invesco PLC during the second quarter worth about $185,000. Global X Management Co. LLC raised its stake in Invesco PLC by 29.4% during the first quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock worth $171,000 after acquiring an additional 1,267 shares during the period. Gilbert & Cook Inc. acquired a new stake in Invesco PLC during the second quarter worth about $203,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in Invesco PLC during the second quarter worth about $206,000. 79.79% of the stock is owned by institutional investors and hedge funds.
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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