Invesco PLC (IVZ) Receives Consensus Rating of “Buy” from Analysts
Shares of Invesco PLC (NYSE:IVZ) have been assigned an average recommendation of “Buy” from the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $37.55.
Several equities analysts recently weighed in on the company. Royal Bank Of Canada assumed coverage on Invesco PLC in a research report on Thursday, June 29th. They set an “outperform” rating and a $41.00 target price on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $41.00 target price on shares of Invesco PLC in a research report on Sunday, July 30th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $36.00 target price on shares of Invesco PLC in a research report on Sunday, July 2nd. Barclays PLC assumed coverage on Invesco PLC in a research report on Friday, September 8th. They set an “overweight” rating and a $38.00 target price on the stock. Finally, ValuEngine upgraded Invesco PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 9th.
Hedge funds have recently bought and sold shares of the company. Financial Architects Inc grew its stake in shares of Invesco PLC by 54.3% in the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock valued at $109,000 after buying an additional 1,082 shares in the last quarter. Global X Management Co. LLC grew its stake in shares of Invesco PLC by 29.4% in the first quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock valued at $171,000 after buying an additional 1,267 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Invesco PLC in the second quarter valued at about $185,000. Gilbert & Cook Inc. acquired a new stake in shares of Invesco PLC in the second quarter valued at about $203,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Invesco PLC in the second quarter valued at about $206,000. Institutional investors and hedge funds own 79.71% of the company’s stock.
Shares of Invesco PLC (IVZ) opened at 33.08 on Friday. Invesco PLC has a 52 week low of $27.46 and a 52 week high of $36.84. The firm has a market capitalization of $13.46 billion, a P/E ratio of 14.75 and a beta of 1.80. The firm has a 50 day moving average price of $33.28 and a 200-day moving average price of $32.99.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The business had revenue of $906.30 million for the quarter, compared to the consensus estimate of $891.19 million. During the same period in the prior year, the business earned $0.56 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. Equities research analysts predict that Invesco PLC will post $2.54 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were paid a $0.29 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.51%. Invesco PLC’s dividend payout ratio (DPR) is currently 52.02%.
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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.
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