Invesco PLC (IVZ) Stock Rating Upgraded by ValuEngine
Invesco PLC (NYSE:IVZ) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday.
Several other brokerages have also weighed in on IVZ. Jefferies Group LLC increased their price objective on shares of Invesco PLC from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, July 4th. BidaskClub lowered shares of Invesco PLC from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Invesco PLC in a report on Sunday, July 30th. Morgan Stanley reiterated an “overweight” rating and set a $38.00 target price (up previously from $36.00) on shares of Invesco PLC in a research report on Monday, July 10th. Finally, Zacks Investment Research upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. Invesco PLC has a consensus rating of “Buy” and a consensus price target of $37.46.
Invesco PLC (NYSE IVZ) opened at 35.76 on Monday. The stock has a market cap of $14.55 billion, a PE ratio of 15.94 and a beta of 1.80. The company has a 50-day moving average price of $33.23 and a 200-day moving average price of $33.20. Invesco PLC has a 52 week low of $27.46 and a 52 week high of $36.84.
Invesco PLC (NYSE:IVZ) last released its earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $906.30 million for the quarter, compared to the consensus estimate of $891.19 million. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 EPS. Analysts anticipate that Invesco PLC will post $2.54 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in IVZ. Duncker Streett & Co. Inc. lifted its holdings in shares of Invesco PLC by 0.9% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 6,120 shares of the asset manager’s stock valued at $215,000 after purchasing an additional 53 shares in the last quarter. Flinton Capital Management LLC grew its position in shares of Invesco PLC by 0.8% in the 2nd quarter. Flinton Capital Management LLC now owns 10,368 shares of the asset manager’s stock valued at $365,000 after purchasing an additional 80 shares during the period. IFC Holdings Incorporated FL increased its stake in Invesco PLC by 0.7% during the 2nd quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock worth $428,000 after purchasing an additional 90 shares in the last quarter. Huntington National Bank increased its stake in Invesco PLC by 0.7% during the 2nd quarter. Huntington National Bank now owns 14,321 shares of the asset manager’s stock worth $504,000 after purchasing an additional 103 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its stake in Invesco PLC by 1.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 11,593 shares of the asset manager’s stock worth $408,000 after purchasing an additional 144 shares in the last quarter. 79.79% of the stock is currently owned by institutional investors.
Invesco PLC Company Profile
Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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