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.
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%.
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.
Receive News & Ratings for Invesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco PLC and related companies with MarketBeat.com's FREE daily email newsletter.