Brokerages Set Invesco PLC (IVZ) Price Target at $38.36
Shares of Invesco PLC (NYSE:IVZ) have earned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $38.36.
Several brokerages have recently commented on IVZ. Zacks Investment Research lowered Invesco from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. ValuEngine raised Invesco from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $39.00 price target on shares of Invesco in a research note on Tuesday, October 3rd. Citigroup upped their price target on Invesco from $38.50 to $39.50 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Finally, BidaskClub lowered Invesco from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th.
In related news, insider Colin Meadows sold 54,215 shares of the stock in a transaction dated 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 transaction, the insider now owns 164,420 shares of the company’s stock, valued at approximately $5,920,764.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Sun Life Financial INC acquired a new position in Invesco during the 3rd quarter worth about $145,000. Valeo Financial Advisors LLC purchased a new stake in Invesco during the 3rd quarter worth about $160,000. C M Bidwell & Associates Ltd. purchased a new stake in Invesco during the 2nd quarter worth about $185,000. ETRADE Capital Management LLC purchased a new stake in Invesco during the 3rd quarter worth about $205,000. Finally, IBM Retirement Fund purchased a new stake in Invesco during the 2nd quarter worth about $210,000. 81.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Invesco (NYSE:IVZ) traded up $0.67 during trading on Friday, hitting $36.88. The stock had a trading volume of 2,979,380 shares, compared to its average volume of 2,725,962. Invesco has a twelve month low of $28.75 and a twelve month high of $37.75. The firm has a market cap of $14,740.29, a price-to-earnings ratio of 14.20, a PEG ratio of 1.14 and a beta of 1.81. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75.
Invesco (NYSE:IVZ) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.05. Invesco had a return on equity of 13.02% and a net margin of 18.99%. The business had revenue of $976.60 million for the quarter, compared to analyst estimates of $940.96 million. During the same quarter in the prior year, the company posted $0.60 EPS. The company’s quarterly revenue was up 14.3% on a year-over-year basis. research analysts expect that Invesco will post 2.66 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Tuesday, November 14th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.15%. The ex-dividend date is Monday, November 13th. Invesco’s payout ratio is 50.44%.
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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.
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