Q3 2017 EPS Estimates for Invesco PLC (IVZ) Raised by Analyst
Invesco PLC (NYSE:IVZ) – Equities research analysts at William Blair upped their Q3 2017 earnings estimates for shares of Invesco PLC in a research note issued to investors on Thursday. William Blair analyst C. Shutler now forecasts that the asset manager will earn $0.66 per share for the quarter, up from their previous forecast of $0.63. William Blair also issued estimates for Invesco PLC’s Q4 2017 earnings at $0.69 EPS, FY2017 earnings at $2.61 EPS, Q1 2018 earnings at $0.69 EPS, Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.73 EPS, Q4 2018 earnings at $0.73 EPS and FY2018 earnings at $2.84 EPS.
A number of other research analysts also recently weighed in on IVZ. Jefferies Group LLC reiterated a “buy” rating and set a $41.00 price target on shares of Invesco PLC in a report on Sunday, July 30th. ValuEngine upgraded Invesco PLC from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $39.00 price target on shares of Invesco PLC in a report on Tuesday, October 3rd. BidaskClub downgraded Invesco PLC from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Citigroup Inc. lifted their price target on Invesco PLC from $38.50 to $39.50 and gave the company a “buy” rating in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. Invesco PLC has an average rating of “Buy” and a consensus target price of $38.04.
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Invesco PLC (NYSE IVZ) opened at 37.34 on Monday. The stock has a market capitalization of $15.19 billion, a P/E ratio of 16.65 and a beta of 1.80. The stock has a 50 day moving average price of $34.48 and a 200-day moving average price of $33.70. Invesco PLC has a 12-month low of $27.46 and a 12-month high of $37.42.
Invesco PLC (NYSE:IVZ) last released its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $906.30 million for the quarter, compared to the consensus estimate of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.56 EPS.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oakbrook Investments LLC boosted its stake in shares of Invesco PLC by 8.7% during the 3rd quarter. Oakbrook Investments LLC now owns 32,326 shares of the asset manager’s stock worth $1,133,000 after acquiring an additional 2,600 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Invesco PLC by 59.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 105,764 shares of the asset manager’s stock worth $3,705,000 after acquiring an additional 39,548 shares in the last quarter. FormulaFolio Investments LLC bought a new stake in shares of Invesco PLC during the 3rd quarter worth about $414,000. PGGM Investments boosted its stake in shares of Invesco PLC by 2.3% during the 3rd quarter. PGGM Investments now owns 267,145 shares of the asset manager’s stock worth $9,361,000 after acquiring an additional 6,004 shares in the last quarter. Finally, Shell Asset Management Co. boosted its stake in shares of Invesco PLC by 105.1% during the 3rd quarter. Shell Asset Management Co. now owns 59,948 shares of the asset manager’s stock worth $2,367,000 after acquiring an additional 30,718 shares in the last quarter. Institutional investors own 79.80% 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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