Barclays PLC started coverage on shares of Invesco PLC (NYSE:IVZ) in a report published on Friday, MarketBeat.com reports. The firm issued an overweight rating and a $38.00 price target on the asset manager’s stock.
Several other research firms also recently weighed in on IVZ. Royal Bank Of Canada started coverage on Invesco PLC in a research report on Thursday, June 29th. They set an outperform rating and a $41.00 target price for the company. Zacks Investment Research upgraded Invesco PLC from a hold rating to a buy rating and set a $39.00 target price for the company in a research report on Tuesday, July 4th. Jefferies Group LLC reiterated a buy rating and set a $35.00 target price on shares of Invesco PLC in a research report on Wednesday, May 17th. Citigroup Inc. upgraded Invesco PLC from a neutral rating to a buy rating and lifted their target price for the stock from $35.00 to $37.50 in a research report on Monday, June 5th. Finally, ValuEngine downgraded Invesco PLC from a buy rating to a hold rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Invesco PLC currently has a consensus rating of Buy and a consensus price target of $37.38.
Shares of Invesco PLC (NYSE:IVZ) opened at 32.10 on Friday. Invesco PLC has a 12-month low of $27.46 and a 12-month high of $36.83. The company’s 50-day moving average is $33.69 and its 200-day moving average is $33.00. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 14.31 and a beta of 1.80.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $906.30 million during the quarter, compared to the consensus estimate of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. Invesco PLC’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share. Analysts predict that Invesco PLC will post $2.54 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 3.61%. Invesco PLC’s dividend payout ratio is currently 52.02%.
Several institutional investors have recently made changes to their positions in the company. Duncker Streett & Co. Inc. increased its stake in shares of Invesco PLC by 0.9% during the second quarter. Duncker Streett & Co. Inc. now owns 6,120 shares of the asset manager’s stock valued at $215,000 after buying an additional 53 shares during the period. Flinton Capital Management LLC grew its stake in Invesco PLC by 0.8% in the second quarter. Flinton Capital Management LLC now owns 10,368 shares of the asset manager’s stock valued at $365,000 after purchasing an additional 80 shares during the last quarter. IFC Holdings Incorporated FL grew its stake in Invesco PLC 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 purchasing an additional 90 shares during the last quarter. Huntington National Bank grew its stake in Invesco PLC by 0.7% in the second quarter. Huntington National Bank now owns 14,321 shares of the asset manager’s stock valued at $504,000 after purchasing an additional 103 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its stake in Invesco PLC 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 purchasing an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.
Invesco PLC 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.
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