Invesco PLC (NYSE:IVZ) had its price target lifted by equities researchers at Jefferies Group LLC from $35.00 to $40.00 in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the asset manager’s stock. Jefferies Group LLC’s price target points to a potential upside of 11.36% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Credit Suisse Group reiterated a “hold” rating and issued a $34.00 price target on shares of Invesco PLC in a research note on Friday, April 7th. Goldman Sachs Group, Inc. (The) upgraded shares of Invesco PLC from a “neutral” rating to a “conviction-buy” rating and lifted their price target for the company from $30.00 to $37.00 in a research note on Wednesday, March 15th. Zacks Investment Research upgraded shares of Invesco PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. Citigroup Inc. upgraded shares of Invesco PLC from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $35.00 to $37.50 in a research note on Monday, June 5th. Finally, ValuEngine lowered shares of Invesco PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Invesco PLC has an average rating of “Buy” and an average price target of $36.29.

Invesco PLC (NYSE IVZ) opened at 35.92 on Tuesday. The firm’s 50-day moving average is $33.32 and its 200 day moving average is $31.84. Invesco PLC has a 52-week low of $24.34 and a 52-week high of $35.99. The firm has a market capitalization of $14.61 billion, a P/E ratio of 16.34 and a beta of 1.81.

Invesco PLC (NYSE:IVZ) last issued its quarterly earnings results on Thursday, April 27th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.05. Invesco PLC had a net margin of 18.94% and a return on equity of 12.51%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business earned $0.49 EPS. The company’s revenue was down .2% compared to the same quarter last year. Equities analysts anticipate that Invesco PLC will post $2.51 EPS for the current year.

WARNING: This report was first published by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/07/04/invesco-plc-ivz-receives-buy-rating-from-jefferies-group-llc.html.

In related news, insider Philip Taylor sold 60,000 shares of Invesco PLC stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $32.40, for a total transaction of $1,944,000.00. Following the completion of the sale, the insider now owns 146,222 shares of the company’s stock, valued at approximately $4,737,592.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in IVZ. BlackRock Inc. increased its stake in shares of Invesco PLC by 2,611.3% in the first quarter. BlackRock Inc. now owns 32,067,091 shares of the asset manager’s stock valued at $982,213,000 after buying an additional 30,884,375 shares during the last quarter. Kentucky Retirement Systems bought a new stake in shares of Invesco PLC during the fourth quarter valued at approximately $899,000. Russell Investments Group Ltd. bought a new stake in shares of Invesco PLC during the fourth quarter valued at approximately $2,392,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Invesco PLC during the fourth quarter valued at approximately $401,000. Finally, Quantbot Technologies LP increased its stake in shares of Invesco PLC by 474.2% in the first quarter. Quantbot Technologies LP now owns 111,611 shares of the asset manager’s stock valued at $3,418,000 after buying an additional 92,173 shares during the last quarter. 79.83% of the stock is owned by institutional investors and hedge funds.

About Invesco PLC

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.

Analyst Recommendations for Invesco PLC (NYSE:IVZ)

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.