Research analysts at Barclays PLC initiated coverage on shares of Invesco PLC (NYSE:IVZ) in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm set an “overweight” rating and a $38.00 price target on the asset manager’s stock. Barclays PLC’s price objective points to a potential upside of 19.91% from the stock’s current price.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada assumed coverage on shares of Invesco PLC in a research note on Thursday, June 29th. They issued an “outperform” rating and a $41.00 price target on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $35.00 price target on shares of Invesco PLC in a research note on Wednesday, May 17th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Invesco PLC in a research note on Sunday, July 30th. BidaskClub lowered shares of Invesco PLC from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $39.00 price target on shares of Invesco PLC in a research note on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $37.38.

Shares of Invesco PLC (IVZ) traded down 0.19% during midday trading on Friday, hitting $31.69. The stock had a trading volume of 2,158,697 shares. The stock has a market cap of $12.89 billion, a PE ratio of 14.13 and a beta of 1.80. The firm has a 50 day moving average price of $33.76 and a 200-day moving average price of $33.01. Invesco PLC has a 52-week low of $27.46 and a 52-week high of $36.84.

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, beating the Zacks’ consensus estimate of $0.61 by $0.03. The firm had revenue of $906.30 million for the quarter, compared to analyst estimates of $891.19 million. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. Invesco PLC’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.56 EPS. Equities analysts predict that Invesco PLC will post $2.54 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its holdings in shares of Invesco PLC by 11.0% during the 1st quarter. Russell Investments Group Ltd. now owns 88,228 shares of the asset manager’s stock worth $2,702,000 after buying an additional 8,722 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Invesco PLC by 5.9% during the 1st quarter. IFP Advisors Inc now owns 3,950 shares of the asset manager’s stock worth $121,000 after buying an additional 221 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Invesco PLC by 19.3% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 9,245 shares of the asset manager’s stock worth $283,000 after buying an additional 1,496 shares during the last quarter. Flinton Capital Management LLC increased its holdings in shares of Invesco PLC by 8.6% during the 1st quarter. Flinton Capital Management LLC now owns 10,288 shares of the asset manager’s stock worth $315,000 after buying an additional 816 shares during the last quarter. Finally, Henderson Group PLC increased its holdings in shares of Invesco PLC by 2.9% during the 1st quarter. Henderson Group PLC now owns 54,026 shares of the asset manager’s stock worth $1,655,000 after buying an additional 1,500 shares during the last quarter. 79.71% of the stock is currently owned by institutional investors and hedge funds.

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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