Invesco PLC (IVZ) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Invesco PLC (NYSE:IVZ) have earned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $38.36.

IVZ has been the subject of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $39.00 target price on shares of Invesco in a report on Tuesday, October 3rd. Citigroup lifted their target price on shares of Invesco from $38.50 to $39.50 and gave the company a “buy” rating in a report on Tuesday, October 3rd. ValuEngine raised shares of Invesco from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised shares of Invesco from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, October 11th. Finally, Jefferies Group set a $41.00 target price on shares of Invesco and gave the company a “buy” rating in a report on Thursday, August 17th.

In related news, insider Colin Meadows sold 54,215 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total value of $1,952,282.15. Following the completion of the sale, the insider now owns 164,420 shares of the company’s stock, valued at approximately $5,920,764.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Flinton Capital Management LLC boosted its stake in Invesco 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 purchasing an additional 80 shares during the last quarter. IFC Holdings Incorporated FL lifted its position in Invesco by 0.7% in the second quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock valued at $428,000 after buying an additional 90 shares during the last quarter. Riverhead Capital Management LLC lifted its position in Invesco by 1.3% in the second quarter. Riverhead Capital Management LLC now owns 11,593 shares of the asset manager’s stock valued at $408,000 after buying an additional 144 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in Invesco by 0.3% in the second quarter. Cubist Systematic Strategies LLC now owns 61,079 shares of the asset manager’s stock valued at $2,149,000 after buying an additional 202 shares during the last quarter. Finally, Greenwood Capital Associates LLC lifted its position in Invesco by 1.0% in the second quarter. Greenwood Capital Associates LLC now owns 20,753 shares of the asset manager’s stock valued at $730,000 after buying an additional 215 shares during the last quarter. 81.38% of the stock is owned by institutional investors.

Invesco (NYSE:IVZ) traded up $0.07 during trading hours on Friday, hitting $36.17. 2,611,000 shares of the stock traded hands, compared to its average volume of 2,722,699. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market cap of $14,790.00, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 1.14 and a beta of 1.81. Invesco has a 52-week low of $28.75 and a 52-week high of $37.75.

Invesco (NYSE:IVZ) last posted its earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.05. The firm had revenue of $976.60 million during the quarter, compared to analyst estimates of $940.96 million. Invesco had a net margin of 18.99% and a return on equity of 13.02%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. equities research analysts forecast that Invesco will post 2.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Tuesday, November 14th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Monday, November 13th. Invesco’s payout ratio is presently 50.22%.

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Invesco 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 (NYSE:IVZ)

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