Invesco (NYSE:IVZ) received a $47.00 price target from research analysts at Royal Bank of Canada in a research report issued on Saturday. The firm currently has a “buy” rating on the asset manager’s stock. Royal Bank of Canada’s target price suggests a potential upside of 28.56% from the company’s current price.
A number of other research firms have also weighed in on IVZ. Citigroup boosted their target price on shares of Invesco from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. ValuEngine raised shares of Invesco from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research lowered shares of Invesco from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Wells Fargo & Company boosted their target price on shares of Invesco from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 11th. Finally, Jefferies Group upped their price objective on shares of Invesco from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $39.00.
Shares of Invesco (NYSE IVZ) opened at $36.56 on Friday. The stock has a market cap of $14,882.77, a price-to-earnings ratio of 14.34, a P/E/G ratio of 1.15 and a beta of 1.81. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. Invesco has a 52 week low of $28.75 and a 52 week high of $37.85.
Invesco (NYSE:IVZ) last released its earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share for the quarter, topping the Zacks’ 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 revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. research analysts forecast that Invesco will post 2.66 earnings per share for the current year.
In related news, insider Colin Meadows sold 54,215 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 164,420 shares of the company’s stock, valued at $5,920,764.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sun Life Financial INC bought a new stake in Invesco during the third quarter worth about $145,000. Valeo Financial Advisors LLC bought a new stake in Invesco during the third quarter worth about $160,000. C M Bidwell & Associates Ltd. bought a new stake in Invesco during the second quarter worth about $185,000. ETRADE Capital Management LLC bought a new stake in Invesco during the third quarter worth about $205,000. Finally, Financial Counselors Inc. bought a new stake in Invesco during the second quarter worth about $215,000. 81.38% of the stock is currently owned by institutional investors and hedge funds.
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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.