Q3 2017 Earnings Forecast for Invesco PLC Issued By Jefferies Group (IVZ)
Invesco PLC (NYSE:IVZ) – Investment analysts at Jefferies Group upped their Q3 2017 EPS estimates for Invesco PLC in a research note issued on Tuesday. Jefferies Group analyst D. Fannon now forecasts that the asset manager will post earnings per share of $0.66 for the quarter, up from their prior forecast of $0.64. Jefferies Group has a “Buy” rating and a $41.00 price target on the stock. Jefferies Group also issued estimates for Invesco PLC’s Q4 2017 earnings at $0.67 EPS, FY2017 earnings at $2.59 EPS and FY2018 earnings at $2.75 EPS.
Invesco PLC (NYSE:IVZ) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $906.30 million for the quarter, compared to the consensus estimate of $891.19 million. During the same quarter in the prior year, the business earned $0.56 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year.
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Other analysts have also issued research reports about the stock. Wells Fargo & Company raised their target price on shares of Invesco PLC from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Wednesday. Royal Bank Of Canada began coverage on shares of Invesco PLC in a research report on Thursday, June 29th. They issued an “outperform” rating and a $41.00 target price on the stock. BidaskClub lowered shares of Invesco PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Barclays PLC began coverage on shares of Invesco PLC in a research report on Friday, September 8th. They issued an “overweight” rating and a $38.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. Invesco PLC currently has a consensus rating of “Buy” and an average target price of $38.04.
Invesco PLC (NYSE IVZ) opened at 36.29 on Thursday. The firm’s 50-day moving average price is $33.68 and its 200 day moving average price is $33.42. The firm has a market cap of $14.77 billion, a P/E ratio of 16.18 and a beta of 1.80. Invesco PLC has a 12-month low of $27.46 and a 12-month high of $36.83.
A number of hedge funds and other institutional investors have recently made changes to their positions in IVZ. Financial Architects Inc raised its stake in Invesco PLC by 54.3% during the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock worth $109,000 after buying an additional 1,082 shares during the last quarter. Global X Management Co. LLC raised its stake in Invesco PLC by 29.4% during the first quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock worth $171,000 after buying an additional 1,267 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in Invesco PLC during the second quarter worth $185,000. Gilbert & Cook Inc. bought a new position in Invesco PLC during the second quarter worth $203,000. Finally, Cornerstone Investment Partners LLC bought a new position in Invesco PLC during the second quarter worth $206,000. 79.79% of the stock is 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.
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