Invesco PLC (NYSE:IVZ) has been assigned a $41.00 target price by investment analysts at Jefferies Group LLC in a note issued to investors on Thursday. The firm currently has a “buy” rating on the asset manager’s stock. Jefferies Group LLC’s target price would suggest a potential upside of 25.11% from the stock’s previous close.

IVZ has been the topic of a number of other research reports. Royal Bank Of Canada began coverage on Invesco PLC in a research note on Thursday, June 29th. They issued an “outperform” rating and a $41.00 price target on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $36.00 price target on shares of Invesco PLC in a research note on Sunday, July 2nd. ValuEngine raised Invesco PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Zacks Investment Research cut Invesco PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Citigroup Inc. raised Invesco PLC from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $37.50 in a research note on Monday, June 5th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $37.29.

Invesco PLC (IVZ) traded up 0.15% on Thursday, reaching $32.82. 673,977 shares of the company’s stock were exchanged. Invesco PLC has a 1-year low of $27.46 and a 1-year high of $36.84. The firm’s 50 day moving average is $35.16 and its 200 day moving average is $32.84. The stock has a market capitalization of $13.35 billion, a P/E ratio of 14.63 and a beta of 1.80.

Invesco PLC (NYSE:IVZ) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. The firm had revenue of $906.30 million for the quarter, compared to analysts’ expectations of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. Invesco PLC’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. Analysts expect that Invesco PLC will post $2.54 EPS for the current year.

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Large investors have recently made changes to their positions in the company. Duncker Streett & Co. Inc. raised its stake in shares of Invesco PLC by 0.9% in the second quarter. Duncker Streett & Co. Inc. now owns 6,120 shares of the asset manager’s stock valued at $215,000 after buying an additional 53 shares in the last quarter. Flinton Capital Management LLC raised its stake in shares of Invesco PLC by 0.8% in the second quarter. Flinton Capital Management LLC now owns 10,368 shares of the asset manager’s stock valued at $365,000 after buying an additional 80 shares in the last quarter. IFC Holdings Incorporated FL raised its stake in shares of Invesco PLC by 0.7% in the second quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock valued at $428,000 after buying an additional 90 shares in the last quarter. Huntington National Bank raised its stake in shares of Invesco PLC by 0.7% in the second quarter. Huntington National Bank now owns 14,321 shares of the asset manager’s stock valued at $504,000 after buying an additional 103 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its stake in shares of Invesco PLC by 1.3% in the second quarter. Riverhead Capital Management LLC now owns 11,593 shares of the asset manager’s stock valued at $408,000 after buying an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 79.20% of the company’s stock.

Invesco PLC 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.

Analyst Recommendations for Invesco PLC (NYSE:IVZ)

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