Invesco Ltd. (NYSE:IVZ)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group LLC in a research note issued on Wednesday. They presently have a $35.00 price objective on the asset manager’s stock. Jefferies Group LLC’s price target suggests a potential upside of 8.76% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the company. Deutsche Bank AG upped their price objective on Invesco from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Credit Suisse Group AG restated a “hold” rating and set a $34.00 price objective on shares of Invesco in a research report on Friday, April 7th. Goldman Sachs Group Inc upgraded Invesco from a “neutral” rating to a “conviction-buy” rating and upped their price objective for the company from $30.00 to $37.00 in a research report on Wednesday, March 15th. Zacks Investment Research upgraded Invesco from a “sell” rating to a “hold” rating in a research report on Tuesday, March 14th. Finally, Wells Fargo & Co restated an “outperform” rating and set a $34.00 price objective on shares of Invesco in a research report on Tuesday, January 31st. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $35.30.

Analyst Recommendations for Invesco (NYSE:IVZ)

Shares of Invesco (NYSE:IVZ) traded down 3.092% during trading on Wednesday, hitting $31.185. The company had a trading volume of 788,751 shares. The firm’s 50 day moving average is $31.54 and its 200-day moving average is $31.25. Invesco has a 52 week low of $23.02 and a 52 week high of $33.47. The stock has a market capitalization of $12.69 billion, a P/E ratio of 14.188 and a beta of 1.82.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. Invesco had a return on equity of 11.79% and a net margin of 18.04%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The company’s quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts anticipate that Invesco will post $2.50 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 12th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.60%. This is an increase from Invesco’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, May 10th. Invesco’s dividend payout ratio is presently 54.63%.

WARNING: This story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/05/17/invescos-ivz-buy-rating-reiterated-at-jefferies-group-llc-2.html.

In other news, insider Philip Taylor sold 60,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $32.40, for a total value of $1,944,000.00. Following the sale, the insider now directly owns 146,222 shares in the company, valued at $4,737,592.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.90% of the company’s stock.

Several large investors have recently modified their holdings of IVZ. Bank of The Ozarks increased its stake in shares of Invesco by 0.5% in the third quarter. Bank of The Ozarks now owns 19,470 shares of the asset manager’s stock valued at $609,000 after buying an additional 100 shares during the last quarter. Barrington Strategic Wealth Management Group LLC increased its stake in shares of Invesco by 0.6% in the fourth quarter. Barrington Strategic Wealth Management Group LLC now owns 18,910 shares of the asset manager’s stock valued at $574,000 after buying an additional 120 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Invesco by 5.9% in the first quarter. IFP Advisors Inc now owns 3,950 shares of the asset manager’s stock valued at $121,000 after buying an additional 221 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Invesco by 0.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 40,462 shares of the asset manager’s stock valued at $1,220,000 after buying an additional 266 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Invesco by 2.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 10,895 shares of the asset manager’s stock valued at $312,000 after buying an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 80.85% of the company’s stock.

Invesco Company Profile

Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.

5 Day Chart for NYSE:IVZ

Receive News & Ratings for Invesco Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.