Invesco PLC (NYSE:IVZ) had its price target increased by UBS AG from $36.00 to $37.00 in a report issued on Monday, www.benzinga.com reports. UBS AG currently has a neutral rating on the asset manager’s stock.

A number of other analysts have also weighed in on the stock. Royal Bank Of Canada initiated coverage on shares of Invesco PLC in a research note on Thursday, June 29th. They issued an outperform rating and a $41.00 price objective for the company. Zacks Investment Research raised shares of Invesco PLC from a hold rating to a buy rating and set a $39.00 price objective for the company in a research note on Tuesday, July 4th. Citigroup Inc. raised shares of Invesco PLC from a neutral rating to a buy rating and upped their price objective for the stock from $35.00 to $37.50 in a research note on Monday, June 5th. Barclays PLC initiated coverage on shares of Invesco PLC in a research note on Friday, September 8th. They issued an overweight rating and a $38.00 price objective for the company. Finally, Morgan Stanley reaffirmed an overweight rating and issued a $38.00 price objective (up from $36.00) on shares of Invesco PLC in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $37.46.

Invesco PLC (IVZ) opened at 35.59 on Monday. The company has a 50 day moving average of $33.28 and a 200 day moving average of $33.22. Invesco PLC has a 52 week low of $27.46 and a 52 week high of $36.84. The company has a market capitalization of $14.48 billion, a price-to-earnings ratio of 15.87 and a beta of 1.80.

Invesco PLC (NYSE:IVZ) last issued its earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The firm had revenue of $906.30 million during the quarter, compared to analyst estimates of $891.19 million. During the same period in the previous year, the firm earned $0.56 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. On average, equities analysts forecast that Invesco PLC will post $2.55 EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in IVZ. Russell Investments Group Ltd. raised its holdings in Invesco PLC by 11.0% in the first quarter. Russell Investments Group Ltd. now owns 88,228 shares of the asset manager’s stock worth $2,702,000 after purchasing an additional 8,722 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Invesco PLC by 11.9% in the first quarter. UBS Asset Management Americas Inc. now owns 1,558,878 shares of the asset manager’s stock worth $47,748,000 after purchasing an additional 165,363 shares in the last quarter. Schroder Investment Management Group raised its holdings in Invesco PLC by 16.4% in the first quarter. Schroder Investment Management Group now owns 66,238 shares of the asset manager’s stock worth $2,035,000 after purchasing an additional 9,339 shares in the last quarter. Cibc World Markets Corp raised its holdings in Invesco PLC by 50.3% in the first quarter. Cibc World Markets Corp now owns 42,165 shares of the asset manager’s stock worth $1,292,000 after purchasing an additional 14,105 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in Invesco PLC by 6.9% in the first quarter. Neuberger Berman Group LLC now owns 53,363 shares of the asset manager’s stock worth $1,635,000 after purchasing an additional 3,441 shares in the last quarter. Institutional investors and hedge funds own 79.79% of the company’s stock.

About Invesco PLC

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.

Analyst Recommendations for Invesco PLC (NYSE:IVZ)

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