Invesco PLC (IVZ) Price Target Increased to $37.00 by Analysts at Barclays PLC
A number of other research analysts also recently issued reports on IVZ. Deutsche Bank AG reduced their price objective on shares of Invesco PLC from $35.00 to $34.00 and set a buy rating on the stock in a research report on Thursday, June 16th. Jefferies Group reissued a buy rating and set a $35.00 price objective on shares of Invesco PLC in a research report on Monday, June 20th. Citigroup Inc. downgraded shares of Invesco PLC from a buy rating to a neutral rating and reduced their price objective for the company from $38.00 to $27.00 in a research report on Monday, June 27th. TheStreet downgraded shares of Invesco PLC from a buy rating to a hold rating in a research report on Wednesday, June 29th. Finally, Zacks Investment Research downgraded shares of Invesco PLC from a hold rating to a strong sell rating in a research report on Monday, July 11th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Invesco PLC currently has a consensus rating of Buy and an average price target of $36.42.
Invesco PLC (NYSE:IVZ) traded down 0.973% on Thursday, hitting $30.015. 1,948,068 shares of the company were exchanged. The company has a 50 day moving average price of $30.96 and a 200-day moving average price of $29.67. Invesco PLC has a 52 week low of $23.02 and a 52 week high of $35.00. The stock has a market capitalization of $12.30 billion, a P/E ratio of 15.159 and a beta of 1.96.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $853.16 million. Invesco PLC had a net margin of 17.27% and a return on equity of 11.35%. The company’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 EPS. On average, equities analysts expect that Invesco PLC will post $2.26 earnings per share for the current fiscal year.
In related news, Director Ben F. Johnson III acquired 2,000 shares of the business’s stock in a transaction on Monday, August 1st. The stock was acquired at an average cost of $29.24 per share, with a total value of $58,480.00. Following the acquisition, the director now directly owns 28,653 shares in the company, valued at approximately $837,813.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Edward P. Lawrence sold 1,609 shares of the 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 sale, the director now directly owns 33,848 shares of the company’s stock, valued at $1,043,872.32. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Genesee Valley Trust Co. raised its position in Invesco PLC by 0.7% in the second quarter. Genesee Valley Trust Co. now owns 9,067 shares of the company’s stock worth $232,000 after buying an additional 65 shares during the period. Mackenzie Financial Corp raised its position in Invesco PLC by 0.5% in the second quarter. Mackenzie Financial Corp now owns 13,699 shares of the company’s stock worth $350,000 after buying an additional 71 shares during the period. SSI Investment Management Inc. raised its position in Invesco PLC by 1.5% in the second quarter. SSI Investment Management Inc. now owns 8,214 shares of the company’s stock worth $213,000 after buying an additional 121 shares during the period. First Allied Advisory Services Inc. raised its position in Invesco PLC by 1.2% in the second quarter. First Allied Advisory Services Inc. now owns 14,592 shares of the company’s stock worth $373,000 after buying an additional 167 shares during the period. Finally, Investment Management of Virginia LLC raised its position in Invesco PLC by 0.5% in the third quarter. Investment Management of Virginia LLC now owns 38,400 shares of the company’s stock worth $1,201,000 after buying an additional 210 shares during the period. 82.18% of the stock is owned by institutional investors and hedge funds.
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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