Invesco PLC (NYSE:IVZ) was downgraded by Deutsche Bank AG from a “buy” rating to a “hold” rating in a research note issued to investors on Friday. They currently have a $32.00 target price on the stock, down from their prior target price of $36.00. Deutsche Bank AG’s price target points to a potential upside of 8.22% from the stock’s previous close.

Several other equities analysts have also recently issued reports on IVZ. Jefferies Group restated a “buy” rating on shares of Invesco PLC in a research report on Friday, August 5th. Citigroup Inc. boosted their price target on Invesco PLC from $27.00 to $31.00 and gave the company a “neutral” rating in a research report on Friday, July 29th. Barclays PLC restated an “overweight” rating and issued a $34.00 price target on shares of Invesco PLC in a research report on Friday, July 15th. Keefe, Bruyette & Woods boosted their price target on Invesco PLC from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Finally, Zacks Investment Research cut Invesco PLC from a “hold” rating to a “strong sell” rating in a research report on Monday, July 11th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $36.25.

Analyst Recommendations for Invesco PLC (NYSE:IVZ)

Invesco PLC (NYSE:IVZ) opened at 29.57 on Friday. The firm has a market cap of $12.12 billion, a PE ratio of 14.93 and a beta of 1.96. The firm’s 50 day moving average price is $30.90 and its 200-day moving average price is $29.64. Invesco PLC has a one year low of $23.02 and a one year high of $35.00.

Invesco PLC (NYSE:IVZ) last posted its earnings results on Thursday, July 28th. The company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. Invesco PLC had a return on equity of 11.35% and a net margin of 17.27%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $853.16 million. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The business’s revenue was down 9.8% compared to the same quarter last year. Equities analysts predict that Invesco PLC will post $2.26 EPS 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 that occurred on Monday, August 1st. The stock was purchased at an average cost of $29.24 per share, for a total transaction of $58,480.00. Following the transaction, the director now directly owns 28,653 shares of the company’s stock, valued at approximately $837,813.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Edward P. Lawrence sold 1,609 shares of Invesco PLC stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $30.84, for a total value of $49,621.56. Following the transaction, the director now owns 33,848 shares of the company’s stock, valued at $1,043,872.32. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of IVZ. Ropes Wealth Advisors LLC increased its position in shares of 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 in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Invesco PLC during the second quarter valued at $115,000. Point72 Asia Hong Kong Ltd increased its position in shares of 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. increased its position in shares of 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 increased its position in shares of 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. Hedge funds and other institutional investors own 82.08% 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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