Invesco (NYSE:IVZ) released its earnings results on Thursday. The asset manager reported $0.66 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.66, MarketWatch Earnings reports. The company had revenue of $966.90 million during the quarter, compared to analysts’ expectations of $972.49 million. Invesco had a return on equity of 12.32% and a net margin of 21.66%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS.
Shares of NYSE:IVZ opened at $21.98 on Friday. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 0.88 and a beta of 1.64. Invesco has a 12-month low of $19.66 and a 12-month high of $38.43. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.51 and a quick ratio of 1.51.
IVZ has been the subject of a number of recent research reports. Deutsche Bank lifted their price objective on Invesco from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, September 27th. JPMorgan Chase & Co. set a $29.00 price objective on Invesco and gave the company a “buy” rating in a research note on Monday, September 24th. Zacks Investment Research upgraded Invesco from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. Morgan Stanley lowered their price objective on Invesco from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Thursday, August 2nd. Finally, UBS Group lowered their price objective on Invesco from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $33.38.
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.
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