Invesco PLC (NYSE:IVZ) had its price objective hoisted by Jefferies Group LLC from $41.00 to $42.00 in a report published on Friday, November 3rd. They currently have a buy rating on the asset manager’s stock. Jefferies Group also issued estimates for Invesco PLC’s Q4 2017 earnings at $0.68 EPS, FY2017 earnings at $2.65 EPS, FY2018 earnings at $2.83 EPS and FY2019 earnings at $3.15 EPS.
Several other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods reiterated a buy rating and set a $39.00 target price on shares of Invesco PLC in a research note on Tuesday, October 3rd. Citigroup Inc. increased their price objective on shares of Invesco PLC from $38.50 to $39.50 and gave the company a buy rating in a research note on Tuesday, October 3rd. ValuEngine upgraded shares of Invesco PLC from a hold rating to a buy rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Invesco PLC from a hold rating to a buy rating and set a $40.00 target price on the stock in a report on Wednesday, October 11th. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $41.00 target price on shares of Invesco PLC in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $38.50.
Shares of Invesco PLC (IVZ) traded down $0.40 on Friday, reaching $35.23. 1,426,824 shares of the company were exchanged, compared to its average volume of 2,725,225. Invesco PLC has a 52-week low of $28.75 and a 52-week high of $37.75. The stock has a market capitalization of $14,434.99, a P/E ratio of 13.91, a PEG ratio of 1.12 and a beta of 1.81. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.50 and a quick ratio of 1.50.
Invesco PLC (NYSE:IVZ) last posted its earnings results on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05. The company had revenue of $976.60 million during the quarter, compared to the consensus estimate of $940.96 million. Invesco PLC had a net margin of 18.99% and a return on equity of 13.02%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. equities analysts predict that Invesco PLC will post 2.66 earnings per share for the current year.
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The company also recently announced 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 of this dividend is Monday, November 13th. This represents a $1.16 annualized dividend and a dividend yield of 3.29%. Invesco PLC’s dividend payout ratio is presently 50.44%.
In related news, insider Colin Meadows sold 54,215 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total value of $1,952,282.15. Following the completion of the transaction, the insider now directly owns 164,420 shares of the company’s stock, valued at $5,920,764.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in IVZ. OppenheimerFunds Inc. boosted its position in Invesco PLC by 9.0% during the first quarter. OppenheimerFunds Inc. now owns 21,852 shares of the asset manager’s stock worth $669,000 after purchasing an additional 1,809 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Invesco PLC during the first quarter worth $20,360,000. Bank of Nova Scotia lifted its holdings in shares of Invesco PLC by 2.9% during the first quarter. Bank of Nova Scotia now owns 9,586 shares of the asset manager’s stock worth $294,000 after buying an additional 270 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Invesco PLC by 1.3% during the first quarter. Nomura Asset Management Co. Ltd. now owns 50,672 shares of the asset manager’s stock worth $1,552,000 after buying an additional 637 shares in the last quarter. Finally, First American Bank lifted its holdings in shares of Invesco PLC by 6.6% during the second quarter. First American Bank now owns 49,605 shares of the asset manager’s stock worth $1,746,000 after buying an additional 3,068 shares in the last quarter. 81.84% of the stock is owned by hedge funds and other institutional investors.
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.
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