Invesco PLC (IVZ) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Invesco PLC (NYSE:IVZ) have been assigned a consensus recommendation of “Buy” from the fifteen analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $37.86.

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Invesco PLC from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Wells Fargo & Company increased their price objective on Invesco PLC from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 11th. Morgan Stanley reissued an “overweight” rating and issued a $38.00 price objective (up from $36.00) on shares of Invesco PLC in a research note on Monday, July 10th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $39.00 price objective on shares of Invesco PLC in a research note on Tuesday, October 3rd. Finally, ValuEngine raised Invesco PLC from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd.

Several hedge funds and other institutional investors have recently modified their holdings of IVZ. BlackRock Inc. increased its holdings in shares of Invesco PLC by 2,611.3% during the 1st quarter. BlackRock Inc. now owns 32,067,091 shares of the asset manager’s stock valued at $982,213,000 after acquiring an additional 30,884,375 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Invesco PLC by 5,060.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,787,996 shares of the asset manager’s stock valued at $98,110,000 after acquiring an additional 2,733,970 shares during the last quarter. FMR LLC increased its holdings in shares of Invesco PLC by 137.5% during the 2nd quarter. FMR LLC now owns 2,959,243 shares of the asset manager’s stock valued at $104,135,000 after acquiring an additional 1,713,338 shares during the last quarter. Kiltearn Partners LLP increased its holdings in shares of Invesco PLC by 38.5% during the 2nd quarter. Kiltearn Partners LLP now owns 5,765,510 shares of the asset manager’s stock valued at $202,888,000 after acquiring an additional 1,602,510 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Invesco PLC by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 41,189,076 shares of the asset manager’s stock valued at $1,449,444,000 after acquiring an additional 1,092,898 shares during the last quarter. 79.80% of the stock is currently owned by institutional investors and hedge funds.

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Invesco PLC (NYSE IVZ) traded down 0.36% during mid-day trading on Thursday, reaching $36.19. The company’s stock had a trading volume of 1,979,425 shares. Invesco PLC has a 1-year low of $27.46 and a 1-year high of $36.84. The firm has a market capitalization of $14.73 billion, a price-to-earnings ratio of 16.13 and a beta of 1.80. The firm has a 50-day moving average of $33.92 and a 200 day moving average of $33.52.

Invesco PLC (NYSE:IVZ) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. The firm 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%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 EPS. Equities analysts expect that Invesco PLC will post $2.57 earnings per share for the current year.

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.

Analyst Recommendations for Invesco PLC (NYSE:IVZ)

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