Invesco PLC (NYSE:IVZ) – Investment analysts at Jefferies Group issued their FY2019 EPS estimates for shares of Invesco PLC in a research note issued on Tuesday. Jefferies Group analyst D. Fannon expects that the asset manager will post earnings of $2.91 per share for the year. Jefferies Group currently has a “Buy” rating and a $41.00 target price on the stock.
A number of other research firms also recently issued reports on IVZ. Zacks Investment Research downgraded shares of Invesco PLC from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on shares of Invesco PLC from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley restated an “overweight” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Invesco PLC in a report on Monday, July 10th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $39.00 price objective on shares of Invesco PLC in a report on Tuesday, October 3rd. Finally, ValuEngine upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $38.04.
Shares of Invesco PLC (NYSE IVZ) remained flat at $36.29 during trading on Wednesday. The stock had a trading volume of 3,983,665 shares. Invesco PLC has a 52 week low of $27.46 and a 52 week high of $36.83. The company has a market capitalization of $14.77 billion, a PE ratio of 16.18 and a beta of 1.80. The company’s 50-day moving average price is $33.68 and its 200 day moving average price is $33.42.
Invesco PLC (NYSE:IVZ) last issued its earnings results on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. The business 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 for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS.
Institutional investors have recently modified their holdings of the company. Financial Architects Inc boosted its holdings in shares of Invesco PLC by 54.3% in the 2nd quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock valued at $109,000 after buying an additional 1,082 shares in the last quarter. Global X Management Co. LLC raised its position in Invesco PLC by 29.4% in the 1st quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock valued at $171,000 after purchasing an additional 1,267 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Invesco PLC in the 2nd quarter valued at $185,000. Gilbert & Cook Inc. purchased a new stake in Invesco PLC in the 2nd quarter valued at $203,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in Invesco PLC in the 2nd quarter valued at $206,000. Institutional investors and hedge funds own 79.79% of the company’s stock.
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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