Invesco PLC (NYSE:IVZ) has been assigned a consensus recommendation of “Buy” from the fifteen analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $38.04.

Several research analysts have recently issued reports on IVZ shares. Goldman Sachs Group, Inc. (The) cut shares of Invesco PLC from a “buy” rating to a “neutral” rating and lowered their target price for the company from $38.00 to $36.00 in a report on Thursday, September 28th. ValuEngine cut shares of Invesco PLC from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods restated a “buy” rating and issued a $39.00 target price on shares of Invesco PLC in a report on Tuesday, October 3rd. BidaskClub downgraded shares of Invesco PLC from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $38.00 price target (up previously from $36.00) on shares of Invesco PLC in a research report on Monday, July 10th.

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A number of institutional investors have recently made changes to their positions in the business. Duncker Streett & Co. Inc. raised its position in Invesco PLC by 0.9% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 6,120 shares of the asset manager’s stock worth $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% during the 2nd quarter. Flinton Capital Management LLC now owns 10,368 shares of the asset manager’s stock worth $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% during the 2nd quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock worth $428,000 after buying an additional 90 shares during the last quarter. Huntington National Bank raised its position in Invesco PLC by 0.7% during the 2nd quarter. Huntington National Bank now owns 14,321 shares of the asset manager’s stock worth $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% during the 2nd quarter. Riverhead Capital Management LLC now owns 11,593 shares of the asset manager’s stock worth $408,000 after buying an additional 144 shares during the last quarter. Institutional investors own 79.79% of the company’s stock.

Invesco PLC (NYSE:IVZ) opened at 36.29 on Thursday. Invesco PLC has a 12-month low of $27.46 and a 12-month high of $36.83. The firm has a 50 day moving average of $33.68 and a 200-day moving average of $33.42. The stock has a market cap of $14.77 billion, a PE ratio of 16.18 and a beta of 1.80.

Invesco PLC (NYSE:IVZ) last issued its earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The business had revenue of $906.30 million during the quarter, compared to analysts’ expectations of $891.19 million. During the same quarter in the prior year, the business posted $0.56 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts expect that Invesco PLC will post $2.56 earnings per share for the current year.

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)

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