Invesco PLC (IVZ) PT Raised to $37.00 at Barclays PLC
Invesco PLC (NYSE:IVZ) had its price target raised by analysts at Barclays PLC from $36.00 to $37.00 in a report issued on Thursday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s target price suggests a potential upside of 22.07% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Deutsche Bank AG restated a “buy” rating on shares of Invesco PLC in a report on Sunday, July 10th. TheStreet lowered Invesco PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Jefferies Group reaffirmed a “buy” rating and set a $30.00 target price (down from $35.00) on shares of Invesco PLC in a research report on Monday, July 11th. JPMorgan Chase & Co. upped their target price on Invesco PLC from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. Finally, Keefe, Bruyette & Woods upped their target price on Invesco PLC from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and twelve 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 $36.42.
Invesco PLC (NYSE:IVZ) traded down 1.59% during trading on Thursday, hitting $30.31. 2,450,514 shares of the company traded hands. Invesco PLC has a 12-month low of $23.02 and a 12-month high of $35.00. The firm has a market capitalization of $12.42 billion, a P/E ratio of 15.31 and a beta of 1.96. The stock has a 50-day moving average price of $30.97 and a 200-day moving average price of $29.67.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/13/invesco-plc-ivz-pt-raised-to-37-00-at-barclays-plc-2.html
Invesco PLC (NYSE:IVZ) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $853.16 million. Invesco PLC had a return on equity of 11.35% and a net margin of 17.27%. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 EPS. Equities analysts expect that Invesco PLC will post $2.26 EPS for the current fiscal year.
In other news, 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 completion of the transaction, the director now owns 33,848 shares in the company, valued at approximately $1,043,872.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ben F. Johnson III purchased 2,000 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were purchased at an average price of $29.24 per share, with a total value of $58,480.00. Following the purchase, the director now directly owns 28,653 shares in the company, valued at approximately $837,813.72. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services Inc increased its position in Invesco PLC by 11.2% in the first quarter. Commonwealth Equity Services Inc now owns 15,744 shares of the company’s stock valued at $484,000 after buying an additional 1,584 shares during the last quarter. Bessemer Group Inc. increased its position in Invesco PLC by 243.1% in the first quarter. Bessemer Group Inc. now owns 11,375 shares of the company’s stock valued at $350,000 after buying an additional 8,060 shares during the last quarter. Associated Banc Corp increased its position in Invesco PLC by 0.6% in the first quarter. Associated Banc Corp now owns 69,847 shares of the company’s stock valued at $2,149,000 after buying an additional 446 shares during the last quarter. Credit Agricole S A increased its position in Invesco PLC by 7.9% in the first quarter. Credit Agricole S A now owns 82,811 shares of the company’s stock valued at $2,548,000 after buying an additional 6,033 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Invesco PLC by 5.8% in the first quarter. Canada Pension Plan Investment Board now owns 652,457 shares of the company’s stock valued at $20,076,000 after buying an additional 35,600 shares during the last quarter. Institutional investors own 82.18% of the company’s stock.
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.
Receive News & Ratings for Invesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco PLC and related companies with MarketBeat.com's FREE daily email newsletter.