Invesco PLC (NYSE:IVZ) had its target price upped by equities research analysts at Citigroup Inc. from $38.50 to $39.50 in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the asset manager’s stock. Citigroup Inc.’s price target indicates a potential upside of 10.99% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. BidaskClub raised shares of Invesco PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. ValuEngine raised shares of Invesco PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $39.00 target price on shares of Invesco PLC in a research note on Sunday, July 30th. Jefferies Group LLC raised their target price on shares of Invesco PLC from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, July 4th. Finally, Zacks Investment Research raised shares of Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Tuesday, July 4th. 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’s stock. The company has a consensus rating of “Buy” and an average target price of $37.46.

Shares of Invesco PLC (IVZ) traded up 0.84% during mid-day trading on Tuesday, reaching $35.89. The company’s stock had a trading volume of 718,885 shares. Invesco PLC has a 1-year low of $27.46 and a 1-year high of $36.84. The firm’s 50 day moving average price is $33.28 and its 200-day moving average price is $33.22. The company has a market capitalization of $14.60 billion, a price-to-earnings ratio of 16.00 and a beta of 1.80.

Invesco PLC (NYSE:IVZ) last announced its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share 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 company had revenue of $906.30 million for the quarter, compared to analyst estimates of $891.19 million. During the same quarter last year, the business earned $0.56 EPS. Invesco PLC’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts predict that Invesco PLC will post $2.55 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Duncker Streett & Co. Inc. boosted its stake in Invesco PLC by 0.9% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 6,120 shares of the asset manager’s stock valued at $215,000 after purchasing an additional 53 shares during the period. Flinton Capital Management LLC boosted its stake in Invesco PLC by 0.8% during the 2nd quarter. Flinton Capital Management LLC now owns 10,368 shares of the asset manager’s stock valued at $365,000 after purchasing an additional 80 shares during the period. IFC Holdings Incorporated FL boosted its stake in Invesco PLC by 0.7% during the 2nd quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock valued at $428,000 after purchasing an additional 90 shares during the period. Huntington National Bank boosted its stake in Invesco PLC by 0.7% during the 2nd quarter. Huntington National Bank now owns 14,321 shares of the asset manager’s stock valued at $504,000 after purchasing an additional 103 shares during the period. Finally, Riverhead Capital Management LLC boosted its stake in Invesco PLC by 1.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 11,593 shares of the asset manager’s stock valued at $408,000 after purchasing an additional 144 shares during the period. 79.79% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Invesco PLC (NYSE:IVZ)

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