Invesco PLC (NYSE:IVZ) had its price target upped by analysts at Jefferies Group from $30.00 to $37.00 in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price objective indicates a potential upside of 18.40% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. Bank of America Corp. reissued a “buy” rating and issued a $37.00 price objective on shares of Invesco PLC in a research report on Monday, September 26th. Wells Fargo & Co. reissued a “buy” rating on shares of Invesco PLC in a research report on Wednesday, September 21st. Citigroup Inc. cut shares of Invesco PLC from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $38.00 to $27.00 in a research report on Monday, June 27th. JPMorgan Chase & Co. upped their price objective on shares of Invesco PLC from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Finally, Barclays PLC decreased their price objective on shares of Invesco PLC from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $36.33.

Analyst Recommendations for Invesco PLC (NYSE:IVZ)

Invesco PLC (NYSE:IVZ) traded down 2.6390% during mid-day trading on Tuesday, hitting $30.4253. The stock had a trading volume of 3,177,670 shares. The company has a 50 day moving average price of $30.96 and a 200 day moving average price of $29.65. The stock has a market cap of $12.47 billion, a P/E ratio of 15.3663 and a beta of 1.96. Invesco PLC has a one year low of $23.02 and a one year high of $35.00.

Invesco PLC (NYSE:IVZ) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Invesco PLC had a net margin of 17.27% and a return on equity of 11.35%. The firm earned $1.19 billion during the quarter, compared to analysts’ expectations of $853.16 million. During the same period in the prior year, the company earned $0.63 EPS. The firm’s revenue was down 9.8% on a year-over-year basis. On average, equities analysts anticipate that Invesco PLC will post $2.26 EPS for the current year.

In other news, Director Ben F. Johnson III purchased 2,000 shares of the company’s stock in a transaction on Monday, August 1st. The shares were bought at an average price of $29.24 per share, for a total transaction of $58,480.00. Following the completion of the purchase, the director now owns 28,653 shares of the company’s stock, valued at $837,813.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward P. Lawrence sold 1,609 shares of the firm’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $30.84, for a total transaction of $49,621.56. Following the completion of the sale, the director now owns 33,848 shares in the company, valued at approximately $1,043,872.32. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Ropes Wealth Advisors LLC boosted its position in Invesco PLC by 606.0% in the second quarter. Ropes Wealth Advisors LLC now owns 4,377 shares of the company’s stock valued at $112,000 after buying an additional 3,757 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in Invesco PLC during the second quarter valued at about $115,000. Point72 Asia Hong Kong Ltd boosted its position in Invesco PLC by 11.9% in the second quarter. Point72 Asia Hong Kong Ltd now owns 4,700 shares of the company’s stock valued at $120,000 after buying an additional 500 shares during the period. Mizuho Asset Management Co. Ltd. boosted its position in Invesco PLC by 76.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 5,557 shares of the company’s stock valued at $142,000 after buying an additional 2,406 shares during the period. Finally, Investment Counselors of Maryland LLC boosted its position in Invesco PLC by 123.0% in the second quarter. Investment Counselors of Maryland LLC now owns 6,661 shares of the company’s stock valued at $170,000 after buying an additional 3,674 shares during the period. Institutional investors own 82.18% of the company’s stock.

About Invesco PLC

Invesco Ltd. (Invesco) is an independent global investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a diverse set of investment vehicles, to help clients achieve their investment objectives. It operates in the investment management segment.

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