Q3 2016 Earnings Forecast for Invesco PLC (IVZ) Issued By William Blair
Invesco PLC (NYSE:IVZ) – Equities research analysts at William Blair increased their Q3 2016 earnings estimates for Invesco PLC in a research report issued to clients and investors on Tuesday. William Blair analyst C. Shutler now expects that the firm will earn $0.62 per share for the quarter, up from their prior forecast of $0.59. William Blair also issued estimates for Invesco PLC’s FY2016 earnings at $2.28 EPS and FY2017 earnings at $2.58 EPS.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The company earned $1.19 billion during the quarter, compared to the consensus estimate of $853.16 million. Invesco PLC had a return on equity of 11.35% and a net margin of 17.27%. Invesco PLC’s revenue was down 9.8% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share.
A number of other research firms have also recently commented on IVZ. Wells Fargo & Co. restated a “buy” rating on shares of Invesco PLC in a research report on Wednesday, September 21st. Bank of America Corp. restated a “buy” rating and issued a $37.00 price objective on shares of Invesco PLC in a research report on Monday, September 26th. Deutsche Bank AG boosted their price objective on Invesco PLC from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Citigroup Inc. cut Invesco PLC from a “buy” rating to a “neutral” rating and cut their price objective for the company from $38.00 to $27.00 in a research report on Monday, June 27th. Finally, Jefferies Group restated a “buy” rating on shares of Invesco PLC in a research report on Tuesday, September 13th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $36.25.
Shares of Invesco PLC (NYSE:IVZ) traded up 0.64% during mid-day trading on Wednesday, reaching $29.78. The company had a trading volume of 1,426,778 shares. Invesco PLC has a 1-year low of $23.02 and a 1-year high of $35.00. The stock’s 50-day moving average price is $30.86 and its 200 day moving average price is $29.63. The company has a market capitalization of $12.21 billion, a PE ratio of 15.04 and a beta of 1.96.
In other Invesco PLC news, Director Ben F. Johnson III acquired 2,000 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were acquired at an average price of $29.24 per share, for a total transaction of $58,480.00. Following the acquisition, the director now owns 28,653 shares in the company, valued at approximately $837,813.72. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Edward P. Lawrence sold 1,609 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $30.84, for a total value of $49,621.56. Following the completion of the transaction, 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. Company 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. Vanguard Group Inc. increased its position in Invesco PLC by 1.0% in the second quarter. Vanguard Group Inc. now owns 31,376,066 shares of the company’s stock worth $801,345,000 after buying an additional 319,989 shares during the last quarter. State Street Corp increased its position in Invesco PLC by 0.7% in the first quarter. State Street Corp now owns 17,469,359 shares of the company’s stock worth $537,535,000 after buying an additional 120,361 shares in the last quarter. UBS Group AG increased its position in Invesco PLC by 13.6% in the first quarter. UBS Group AG now owns 14,334,235 shares of the company’s stock worth $441,064,000 after buying an additional 1,716,501 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Invesco PLC by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,279,226 shares of the company’s stock worth $288,071,000 after buying an additional 34,059 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in Invesco PLC by 1.5% in the second quarter. BlackRock Fund Advisors now owns 7,344,640 shares of the company’s stock worth $187,582,000 after buying an additional 107,962 shares in the last quarter. Institutional investors and hedge funds own 82.08% 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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