William Blair Comments on Invesco Ltd.’s FY2017 Earnings (IVZ)

Invesco Ltd. (NYSE:IVZ) – Equities research analysts at William Blair increased their FY2017 earnings per share (EPS) estimates for shares of Invesco in a research report issued on Monday. William Blair analyst C. Shutler now forecasts that the asset manager will post earnings of $2.69 per share for the year, up from their previous forecast of $2.67. William Blair also issued estimates for Invesco’s Q4 2017 earnings at $0.72 EPS, Q1 2018 earnings at $0.76 EPS, Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.81 EPS, FY2018 earnings at $3.17 EPS and FY2019 earnings at $3.37 EPS.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Invesco had a return on equity of 13.02% and a net margin of 18.99%. The company had revenue of $976.60 million for the quarter, compared to analysts’ expectations of $940.96 million. During the same period in the prior year, the firm earned $0.60 earnings per share. The firm’s revenue was up 14.3% compared to the same quarter last year.

A number of other research analysts have also recently commented on IVZ. Goldman Sachs Group cut Invesco from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $38.00 to $36.00 in a research note on Thursday, September 28th. UBS Group upped their price target on Invesco from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. ValuEngine upgraded Invesco from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Citigroup upped their price objective on Invesco from $38.50 to $39.50 and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $39.00 price objective on shares of Invesco in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $39.79.

Invesco (NYSE:IVZ) opened at $37.87 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.50. Invesco has a 52 week low of $28.75 and a 52 week high of $38.42. The company has a market capitalization of $15,521.88, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 1.03 and a beta of 1.81.

In other news, insider Colin Meadows sold 54,215 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Bowling Portfolio Management LLC purchased a new position in Invesco in the fourth quarter valued at $1,100,000. Cornerstone Investment Partners LLC increased its holdings in Invesco by 100.0% in the fourth quarter. Cornerstone Investment Partners LLC now owns 11,686 shares of the asset manager’s stock valued at $427,000 after buying an additional 5,843 shares during the last quarter. Reinhart Partners Inc. increased its holdings in Invesco by 0.5% in the fourth quarter. Reinhart Partners Inc. now owns 754,365 shares of the asset manager’s stock valued at $27,564,000 after buying an additional 3,504 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Invesco by 80.1% in the fourth quarter. State of Alaska Department of Revenue now owns 53,980 shares of the asset manager’s stock valued at $1,971,000 after buying an additional 24,010 shares during the last quarter. Finally, Cullinan Associates Inc. increased its holdings in Invesco by 4.7% in the fourth quarter. Cullinan Associates Inc. now owns 161,000 shares of the asset manager’s stock valued at $5,883,000 after buying an additional 7,190 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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About Invesco

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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