A number of other research firms also recently commented on IVZ. Jefferies Group reiterated a buy rating on shares of Invesco PLC in a research report on Tuesday, September 13th. TheStreet upgraded Invesco PLC from a hold rating to a buy rating in a research report on Wednesday, September 7th. Deutsche Bank AG raised their price target on Invesco PLC from $34.00 to $35.00 and gave the stock a buy rating in a research report on Friday, September 9th. Zacks Investment Research upgraded Invesco PLC from a strong sell rating to a hold rating in a research report on Tuesday, August 30th. Finally, Bank of America Corp. restated a buy rating and issued a $37.00 price target on shares of Invesco PLC in a research report on Monday, September 26th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $36.25.
Invesco PLC (NYSE:IVZ) opened at 29.57 on Thursday. The firm’s 50-day moving average is $30.90 and its 200-day moving average is $29.64. The stock has a market capitalization of $12.12 billion, a P/E ratio of 14.93 and a beta of 1.96. Invesco PLC has a 12 month low of $23.02 and a 12 month high of $35.00.
Invesco PLC (NYSE:IVZ) last posted its earnings results on Thursday, July 28th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. The firm 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%. The company’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 EPS. On average, equities analysts expect that Invesco PLC will post $2.26 earnings per share for the current fiscal year.
In other news, Director Ben F. Johnson III bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average price of $29.24 per share, with a total value of $58,480.00. Following the completion of the acquisition, the director now directly owns 28,653 shares of the company’s stock, valued at approximately $837,813.72. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edward P. Lawrence sold 1,609 shares of Invesco PLC stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $30.84, for a total value 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. Corporate insiders own 1.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Ropes Wealth Advisors LLC increased its stake in Invesco PLC by 606.0% in the second quarter. Ropes Wealth Advisors LLC now owns 4,377 shares of the company’s stock worth $112,000 after buying an additional 3,757 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in shares of Invesco PLC during the second quarter valued at $115,000. Point72 Asia Hong Kong Ltd boosted its position in shares of 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 in the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of Invesco PLC by 76.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 5,557 shares of the company’s stock valued at $142,000 after buying an additional 2,406 shares in the last quarter. Finally, Investment Counselors of Maryland LLC boosted its position in shares of Invesco PLC by 123.0% in the second quarter. Investment Counselors of Maryland LLC now owns 6,661 shares of the company’s stock valued at $170,000 after buying an additional 3,674 shares in the last quarter. 82.08% of the stock is owned by hedge funds and other institutional investors.
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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