Q3 2016 Earnings Forecast for Invesco PLC (IVZ) Issued By William Blair
Invesco PLC (NYSE:IVZ) – Investment analysts at William Blair raised their Q3 2016 earnings per share estimates for shares of Invesco PLC in a research report issued to clients and investors on Tuesday. William Blair analyst C. Shutler now forecasts that the firm will post earnings per share of $0.62 for the quarter, up from their prior forecast of $0.59. William Blair also issued estimates for Invesco PLC’s FY2016 earnings at $2.28 EPS and FY2017 earnings at $2.58 EPS.
A number of other research firms have also recently issued reports on IVZ. Barclays PLC reiterated an “overweight” rating and set a $36.00 price objective on shares of Invesco PLC in a research report on Friday, September 23rd. Citigroup Inc. cut shares of Invesco PLC from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $38.00 to $27.00 in a research report on Monday, June 27th. Deutsche Bank AG upped their price objective on shares of Invesco PLC from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, October 5th. Bank of America Corp. restated a “buy” rating and issued a $37.00 price target on shares of Invesco PLC in a research report on Monday, September 26th. Finally, Jefferies Group upped their price target on shares of Invesco PLC from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, October 11th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Invesco PLC currently has a consensus rating of “Buy” and a consensus target price of $36.25.
Invesco PLC (NYSE:IVZ) traded up 0.64% during midday trading on Wednesday, reaching $29.78. 1,426,778 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 company has a 50 day moving average of $30.86 and a 200-day moving average of $29.63. The stock has a market capitalization of $12.21 billion, a P/E ratio of 15.04 and a beta of 1.96.
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Invesco PLC (NYSE:IVZ) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $853.16 million. Invesco PLC had a net margin of 17.27% and a return on equity of 11.35%. The firm’s revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 EPS.
Institutional investors have recently bought and sold shares of the company. 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. 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. 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. 1832 Asset Management L.P. increased its position in Invesco PLC by 32.8% in the first quarter. 1832 Asset Management L.P. now owns 255,577 shares of the company’s stock valued at $13,209,000 after buying an additional 63,149 shares during the last quarter. Finally, State Street Corp increased its position in Invesco PLC by 0.7% in the first quarter. State Street Corp now owns 17,469,359 shares of the company’s stock valued at $537,535,000 after buying an additional 120,361 shares during the last quarter. Hedge funds and other institutional investors own 82.08% of the company’s stock.
In related news, Director Ben F. Johnson III acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was acquired at an average price of $29.24 per share, for a total transaction of $58,480.00. Following the completion of the acquisition, the director now owns 28,653 shares of the company’s stock, valued at approximately $837,813.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward P. Lawrence sold 1,609 shares of the firm’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $30.84, for a total transaction of $49,621.56. Following the sale, the director now owns 33,848 shares of the company’s stock, valued at approximately $1,043,872.32. The disclosure for this sale can be found here. Corporate insiders own 1.90% 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.
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