Shares of Invesco Ltd. (NYSE:IVZ) have been given an average rating of “Hold” by the sixteen research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $39.33.
A number of research analysts recently issued reports on IVZ shares. Goldman Sachs Group downgraded shares of Invesco from a “buy” rating to a “neutral” rating and decreased their target price for the company from $38.00 to $36.00 in a research report on Thursday, September 28th. UBS Group boosted their target price on shares of Invesco from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday, October 2nd. ValuEngine upgraded shares of Invesco from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Citigroup boosted their target price on shares of Invesco from $38.50 to $39.50 and gave the company a “buy” rating in a research report on Tuesday, October 3rd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $39.00 target price on shares of Invesco in a research report on Tuesday, October 3rd.
Shares of Invesco (NYSE IVZ) opened at $38.13 on Friday. Invesco has a one year low of $28.75 and a one year high of $38.42. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75. The company has a market cap of $15,411.97, a price-to-earnings ratio of 16.58, a PEG ratio of 1.03 and a beta of 1.81.
Invesco (NYSE:IVZ) last posted its earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $976.60 million during the quarter, compared to the consensus estimate of $940.96 million. Invesco had a net margin of 18.99% and a return on equity of 13.02%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. research analysts predict that Invesco will post 2.67 EPS for the current fiscal year.
In other Invesco news, insider Colin Meadows sold 54,215 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total value of $1,952,282.15. Following the completion of the transaction, the insider now owns 164,420 shares in the company, valued at $5,920,764.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.
Several institutional investors have recently modified their holdings of IVZ. Amundi Pioneer Asset Management Inc. raised its position in shares of Invesco by 144.5% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 5,097,202 shares of the asset manager’s stock worth $178,605,000 after acquiring an additional 3,012,871 shares during the period. Janus Henderson Group PLC raised its position in shares of Invesco by 5,060.5% in the second quarter. Janus Henderson Group PLC now owns 2,787,996 shares of the asset manager’s stock worth $98,110,000 after acquiring an additional 2,733,970 shares during the period. FMR LLC raised its position in shares of Invesco by 137.5% in the second quarter. FMR LLC now owns 2,959,243 shares of the asset manager’s stock worth $104,135,000 after acquiring an additional 1,713,338 shares during the period. Capital International Investors raised its position in shares of Invesco by 9.2% in the third quarter. Capital International Investors now owns 13,917,400 shares of the asset manager’s stock worth $487,666,000 after acquiring an additional 1,169,200 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Invesco by 2.7% in the second quarter. Vanguard Group Inc. now owns 41,189,076 shares of the asset manager’s stock worth $1,449,444,000 after acquiring an additional 1,092,898 shares during the period. Institutional investors and hedge funds own 81.31% of the company’s stock.
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Invesco 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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