Invesco Coverage Initiated at Deutsche Bank (IVZ)
Analysts at Deutsche Bank began coverage on shares of Invesco (NYSE:IVZ) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $39.00 price target on the stock. Deutsche Bank’s target price would indicate a potential upside of 12.65% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Argus raised their price target on shares of Invesco from $38.00 to $42.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Invesco in a research note on Friday, May 2nd. They now have a $41.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Invesco from $38.00 to $39.00 in a research note on Tuesday, April 15th. They now have a “neutral” rating on the stock. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Invesco presently has an average rating of “Buy” and an average target price of $39.54.
In other Invesco news, Director Colin Meadows unloaded 56,000 shares of the stock on the open market in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $35.57, for a total transaction of $1,991,920.00. Following the transaction, the director now directly owns 276,290 shares of the company’s stock, valued at approximately $9,827,635. The sale was disclosed in a document filed with the SEC, which is available at this link.
Invesco (NYSE:IVZ) opened at 34.62 on Friday. Invesco has a 52 week low of $30.09 and a 52 week high of $37.87. The stock has a 50-day moving average of $35.58 and a 200-day moving average of $34.78. The company has a market cap of $14.979 billion and a P/E ratio of 17.12.
Invesco (NYSE:IVZ) last announced its earnings results on Thursday, May 1st. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.05. The company had revenue of $887.80 million for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, analysts predict that Invesco will post $2.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Wednesday, May 14th.
Invesco Ltd. (NYSE:IVZ) is an investment manager, dedicated to helping investors worldwide achieve their financial objectives.
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