Shares of Invesco PLC (NYSE:IVZ) have received an average recommendation of “Buy” from the sixteen brokerages that are covering the company. Four analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $36.27.

IVZ has been the topic of several recent research reports. Barclays PLC reaffirmed an “overweight” rating and issued a $36.00 price target on shares of Invesco PLC in a research report on Friday, September 23rd. Citigroup Inc. cut shares of Invesco PLC from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $38.00 to $27.00 in a research report on Monday, June 27th. Deutsche Bank AG lifted their target price on shares of Invesco PLC from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, October 5th. Bank of America Corp. reissued a “buy” rating and set a $37.00 target price on shares of Invesco PLC in a research report on Monday, September 26th. Finally, Jefferies Group lifted their target price on shares of Invesco PLC from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday.

Invesco PLC (NYSE:IVZ) opened at 30.31 on Tuesday. Invesco PLC has a 52-week low of $23.02 and a 52-week high of $35.00. The stock has a 50 day moving average price of $30.96 and a 200 day moving average price of $29.67. The firm has a market cap of $12.42 billion, a P/E ratio of 15.31 and a beta of 1.96.

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, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02. Invesco PLC had a net margin of 17.27% and a return on equity of 11.35%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $853.16 million. During the same quarter last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. Equities analysts predict that Invesco PLC will post $2.26 earnings per share for the current fiscal year.

In other news, Director Edward P. Lawrence sold 1,609 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 33,848 shares in the company, valued at approximately $1,043,872.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ben F. Johnson III purchased 2,000 shares of Invesco PLC stock in a transaction dated Monday, August 1st. The shares were purchased at an average price of $29.24 per share, with a total value of $58,480.00. Following the completion of the transaction, the director now directly owns 28,653 shares in the company, valued at $837,813.72. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services Inc raised its position in Invesco PLC by 11.2% in the first quarter. Commonwealth Equity Services Inc now owns 15,744 shares of the company’s stock worth $484,000 after buying an additional 1,584 shares during the period. TimesSquare Capital Management LLC raised its position in Invesco PLC by 1.9% in the first quarter. TimesSquare Capital Management LLC now owns 2,510,700 shares of the company’s stock worth $77,254,000 after buying an additional 46,600 shares during the period. Bessemer Group Inc. raised its position in Invesco PLC by 243.1% in the first quarter. Bessemer Group Inc. now owns 11,375 shares of the company’s stock worth $350,000 after buying an additional 8,060 shares during the period. M&T Bank Corp raised its position in Invesco PLC by 13.6% in the first quarter. M&T Bank Corp now owns 744,032 shares of the company’s stock worth $22,894,000 after buying an additional 89,116 shares during the period. Finally, Wunderlich Capital Managemnt raised its position in Invesco PLC by 1.6% in the first quarter. Wunderlich Capital Managemnt now owns 47,564 shares of the company’s stock worth $1,464,000 after buying an additional 736 shares during the period. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Invesco PLC Company Profile

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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