Invesco PLC (IVZ) Receives $35.80 Average PT from Analysts
Shares of Invesco PLC (NYSE:IVZ) have been assigned an average recommendation of “Buy” from the fifteen research firms that are currently covering the company. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $35.80.
A number of analysts recently weighed in on the stock. Jefferies Group reaffirmed a “buy” rating on shares of Invesco PLC in a research report on Tuesday, September 13th. Deutsche Bank AG boosted their price objective on shares of Invesco PLC from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, September 9th. TheStreet upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating in a report on Wednesday, September 7th. Zacks Investment Research upgraded shares of Invesco PLC from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 30th. Finally, Barclays PLC boosted their price objective on shares of Invesco PLC from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, October 13th.
In other Invesco PLC news, Director Edward P. Lawrence sold 1,609 shares of the company’s 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Andrew Tak Shing Lo sold 150,000 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $27.71, for a total transaction of $4,156,500.00. Following the completion of the transaction, the insider now owns 251,603 shares of the company’s stock, valued at approximately $6,971,919.13. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtus Investment Advisers Inc. purchased a new position in Invesco PLC during the third quarter valued at approximately $107,000. 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. Global X Management Co. LLC boosted its position in Invesco PLC by 111.2% in the third quarter. Global X Management Co. LLC now owns 3,605 shares of the company’s stock valued at $113,000 after buying an additional 1,898 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in Invesco PLC during the second quarter valued at approximately $115,000. Finally, 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. Hedge funds and other institutional investors own 80.68% of the company’s stock.
Invesco PLC (NYSE:IVZ) opened at 31.52 on Tuesday. Invesco PLC has a one year low of $23.02 and a one year high of $35.00. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 15.89 and a beta of 1.82. The firm’s 50 day moving average price is $29.97 and its 200 day moving average price is $29.40.
Invesco PLC (NYSE:IVZ) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. Invesco PLC had a return on equity of 11.52% and a net margin of 17.36%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company posted $0.61 earnings per share. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. Equities analysts forecast that Invesco PLC will post $2.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Tuesday, November 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Thursday, November 10th. Invesco PLC’s dividend payout ratio is presently 56.57%.
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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