Positive News Coverage Somewhat Unlikely to Affect Invesco PLC (IVZ) Stock Price
Media coverage about Invesco PLC (NYSE:IVZ) has been trending positive on Friday, Accern reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Invesco PLC earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave media stories about the asset manager an impact score of 47.0169558389257 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern’s rankings:
- Invesco PLC (IVZ) Insider Sells $1,952,282.15 in Stock (americanbankingnews.com)
- Invesco Ltd. To Present at 2017 Bank of America Merrill Lynch Future of Financials Conference (finance.yahoo.com)
- Invesco Advisers Announces Private Placement of Variable Rate Muni Term Preferred Shares by Invesco Municipal Income Opportunities Trust (finance.yahoo.com)
- Traders Alert: CenturyLink, Inc., (NYSE: CTL), Invesco Ltd., (NYSE: IVZ), Allegion plc, (NYSE: ALLE), NXP … – Stocks In The News (press release) (tradingnewsnow.com)
- ETFs with exposure to Invesco Ltd. : October 30, 2017 (finance.yahoo.com)
Invesco PLC (NYSE:IVZ) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.05. The business had revenue of $976.60 million during the quarter, compared to the consensus estimate of $940.96 million. Invesco PLC had a return on equity of 13.02% and a net margin of 18.99%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Tuesday, November 14th will be paid a $0.29 dividend. The ex-dividend date is Monday, November 13th. This represents a $1.16 annualized dividend and a yield of 3.21%. Invesco PLC’s dividend payout ratio (DPR) is presently 50.44%.
IVZ has been the subject of a number of research analyst reports. Zacks Investment Research lowered Invesco PLC from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $39.00 price target on shares of Invesco PLC in a report on Tuesday, October 3rd. Wells Fargo & Company upped their price target on Invesco PLC from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, October 11th. Goldman Sachs Group, Inc. (The) lowered Invesco PLC from a “buy” rating to a “neutral” rating and cut their price target for the stock from $38.00 to $36.00 in a report on Thursday, September 28th. Finally, ValuEngine lowered Invesco PLC from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Invesco PLC presently has a consensus rating of “Buy” and an average price target of $38.42.
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In related news, insider Colin Meadows sold 54,215 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total value of $1,952,282.15. Following the completion of the sale, the insider now directly owns 164,420 shares in the company, valued at approximately $5,920,764.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% 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.
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