Invesco PLC (IVZ) Receives Average Rating of “Buy” from Brokerages
Invesco PLC (NYSE:IVZ) has earned a consensus recommendation of “Buy” from the sixteen research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $37.45.
A number of research firms have recently issued reports on IVZ. BidaskClub lowered Invesco PLC from a “hold” rating to a “sell” rating in a report on Saturday. Jefferies Group LLC set a $41.00 target price on Invesco PLC and gave the company a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research lowered Invesco PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Wells Fargo & Company reissued an “outperform” rating on shares of Invesco PLC in a report on Sunday, July 30th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $39.00 target price on shares of Invesco PLC in a report on Sunday, July 30th.
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Shares of Invesco PLC (NYSE:IVZ) opened at 33.25 on Wednesday. Invesco PLC has a one year low of $27.46 and a one year high of $36.84. The stock has a market cap of $13.53 billion, a P/E ratio of 14.82 and a beta of 1.80. The stock’s 50 day moving average is $35.04 and its 200-day moving average is $32.94.
Invesco PLC (NYSE:IVZ) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. The company had revenue of $906.30 million for the quarter, compared to analyst estimates of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 earnings per share. On average, equities analysts forecast that Invesco PLC will post $2.54 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be issued a $0.29 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.49%. Invesco PLC’s dividend payout ratio (DPR) is 52.02%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. raised its position in 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 during the last quarter. Flinton Capital Management LLC raised its position in 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 during the last quarter. IFC Holdings Incorporated FL raised its position in 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 during the last quarter. Huntington National Bank raised its position in 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 during the last quarter. Finally, Riverhead Capital Management LLC raised its position in 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 during 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.
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