Invesco PLC (IVZ) Rating Reiterated by Wells Fargo & Co.
Invesco PLC (NYSE:IVZ)‘s stock had its “buy” rating reissued by equities research analysts at Wells Fargo & Co. in a research report issued to clients and investors on Wednesday.
Other research analysts have also recently issued research reports about the company. Deutsche Bank AG restated a “buy” rating on shares of Invesco PLC in a research note on Sunday, July 10th. Barclays PLC decreased their price target on Invesco PLC from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Jefferies Group restated a “buy” rating and issued a $30.00 price target (down previously from $35.00) on shares of Invesco PLC in a research note on Monday, July 11th. TheStreet cut Invesco PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, Zacks Investment Research cut Invesco PLC from a “hold” rating to a “strong sell” rating in a research note on Monday, July 11th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Invesco PLC has a consensus rating of “Buy” and a consensus price target of $35.75.
Invesco PLC (NYSE:IVZ) traded up 0.92% during mid-day trading on Wednesday, hitting $30.76. The company’s stock had a trading volume of 969,876 shares. Invesco PLC has a 52-week low of $23.02 and a 52-week high of $35.00. The stock has a market cap of $12.61 billion, a P/E ratio of 15.54 and a beta of 1.97. The company’s 50 day moving average is $30.35 and its 200-day moving average is $29.53.
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Invesco PLC (NYSE:IVZ) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. Invesco PLC had a return on equity of 11.35% and a net margin of 17.27%. The firm earned $1.19 billion during the quarter, compared to analysts’ expectations of $853.16 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. The company’s revenue was down 9.8% on a year-over-year basis. On average, equities analysts predict that Invesco PLC will post $2.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Thursday, August 18th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Tuesday, August 16th. Invesco PLC’s dividend payout ratio (DPR) is 56.57%.
In other news, Director Edward P. Lawrence sold 1,609 shares of the company’s 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 completion of the transaction, the director now owns 33,848 shares of the company’s stock, valued at $1,043,872.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ben F. Johnson III acquired 2,000 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was acquired at an average cost of $29.24 per share, with a total value of $58,480.00. Following the purchase, the director now owns 28,653 shares of the company’s stock, valued at $837,813.72. The disclosure for this purchase can be found here. 1.90% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Ropes Wealth Advisors LLC raised its position in shares of 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 last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Invesco PLC during the second quarter worth approximately $115,000. Point72 Asia Hong Kong Ltd raised 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 worth $120,000 after buying an additional 500 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised 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 worth $142,000 after buying an additional 2,406 shares during the last quarter. Finally, Investment Counselors of Maryland LLC raised 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 worth $170,000 after buying an additional 3,674 shares during the last quarter. 82.17% 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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