Several other brokerages have also recently weighed in on IVZ. Barclays PLC reaffirmed an overweight rating and set a $36.00 price objective on shares of Invesco PLC in a research note on Friday, September 23rd. Wells Fargo & Co. reaffirmed a buy rating on shares of Invesco PLC in a research note on Wednesday, June 8th. Citigroup Inc. cut shares of Invesco PLC from a buy rating to a neutral rating and decreased their price objective for the stock from $38.00 to $27.00 in a research note on Monday, June 27th. Deutsche Bank AG set a $34.00 price objective on shares of Invesco PLC and gave the stock a buy rating in a research note on Friday, August 5th. Finally, TheStreet raised shares of Invesco PLC from a hold rating to a buy rating in a research note on Wednesday, September 7th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $35.85.
Invesco PLC (NYSE:IVZ) opened at 30.98 on Monday. Invesco PLC has a 52-week low of $23.02 and a 52-week high of $35.00. The firm has a market cap of $12.70 billion, a PE ratio of 15.65 and a beta of 1.97. The firm’s 50-day moving average price is $30.62 and its 200 day moving average price is $29.61.
Invesco PLC (NYSE:IVZ) last posted its earnings results on Thursday, July 28th. The company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $853.16 million. Invesco PLC had a net margin of 17.27% and a return on equity of 11.35%. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. On average, equities analysts anticipate that Invesco PLC will post $2.26 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Thursday, August 18th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Tuesday, August 16th. Invesco PLC’s dividend payout ratio is 56.57%.
In related news, Director Ben F. Johnson III acquired 2,000 shares of the stock in a transaction dated Monday, August 1st. The stock was bought at an average price of $29.24 per share, with a total value of $58,480.00. Following the completion of the transaction, the director now directly owns 28,653 shares of the company’s stock, valued at $837,813.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward P. Lawrence sold 1,609 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $30.84, for a total transaction of $49,621.56. Following the sale, the director now directly owns 33,848 shares of the company’s stock, valued at approximately $1,043,872.32. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Several large investors have recently modified their holdings of IVZ. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Invesco PLC during the second quarter valued at about $430,000. Kentucky Retirement Systems bought a new stake in shares of Invesco PLC during the second quarter valued at about $906,000. Mason Street Advisors LLC bought a new stake in shares of Invesco PLC during the second quarter valued at about $1,435,000. Royal Bank of Canada increased its stake in shares of Invesco PLC by 18.3% in the second quarter. Royal Bank of Canada now owns 2,632,006 shares of the company’s stock valued at $67,221,000 after buying an additional 406,885 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Invesco PLC by 3.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,168,420 shares of the company’s stock valued at $29,842,000 after buying an additional 36,180 shares in the last quarter. 82.17% of the stock is owned by institutional investors.
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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