Invesco PLC (IVZ) PT Raised to $37.00 at Barclays PLC
Invesco PLC (NYSE:IVZ) had its price target boosted by Barclays PLC from $36.00 to $37.00 in a research report issued to clients and investors on Thursday. The firm currently has an “overweight” rating on the stock. Barclays PLC’s price target suggests a potential upside of 20.13% from the stock’s current price.
A number of other research firms also recently commented on IVZ. Jefferies Group restated 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 boosted their price objective on Invesco PLC from $34.00 to $35.00 and gave the company a “buy” rating in a report on Friday, September 9th. Zacks Investment Research upgraded Invesco PLC from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 30th. Finally, Bank of America Corp. reiterated a “buy” rating and issued a $37.00 price objective on shares of Invesco PLC in a report on Monday, September 26th. Four 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.
Shares of Invesco PLC (NYSE:IVZ) traded down 1.72% during trading on Thursday, reaching $30.27. The company’s stock had a trading volume of 1,500,364 shares. Invesco PLC has a 1-year low of $23.02 and a 1-year high of $35.00. The company has a market capitalization of $12.41 billion, a PE ratio of 15.29 and a beta of 1.96. The stock has a 50 day moving average of $30.97 and a 200-day moving average of $29.67.
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Invesco PLC (NYSE:IVZ) last posted its earnings results on Thursday, July 28th. The company reported $0.56 EPS for the quarter, beating the Zacks’ 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 company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $853.16 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, analysts expect that Invesco PLC will post $2.26 earnings per share for the current year.
In other Invesco PLC news, Director Ben F. Johnson III acquired 2,000 shares of the 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 transaction, the director now owns 28,653 shares in the company, valued at approximately $837,813.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction, the director now directly owns 33,848 shares of the company’s stock, valued at $1,043,872.32. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Genesee Valley Trust Co. boosted its stake in shares of Invesco PLC by 0.7% in the second quarter. Genesee Valley Trust Co. now owns 9,067 shares of the company’s stock worth $232,000 after buying an additional 65 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Invesco PLC by 0.5% in the second quarter. Mackenzie Financial Corp now owns 13,699 shares of the company’s stock worth $350,000 after buying an additional 71 shares during the period. SSI Investment Management Inc. boosted its stake in shares of Invesco PLC by 1.5% in the second quarter. SSI Investment Management Inc. now owns 8,214 shares of the company’s stock worth $213,000 after buying an additional 121 shares during the period. First Allied Advisory Services Inc. boosted its stake in shares of Invesco PLC by 1.2% in the second quarter. First Allied Advisory Services Inc. now owns 14,592 shares of the company’s stock worth $373,000 after buying an additional 167 shares during the period. Finally, Investment Management of Virginia LLC boosted its stake in shares of Invesco PLC by 0.5% in the third quarter. Investment Management of Virginia LLC now owns 38,400 shares of the company’s stock worth $1,201,000 after buying an additional 210 shares during the period. 82.18% of the stock is owned by institutional investors and hedge funds.
Invesco PLC Company Profile
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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