Brokers Set Expectations for Invesco Ltd.’s FY2017 Earnings (IVZ)

Invesco Ltd. (NYSE:IVZ) – Equities researchers at Jefferies Group raised their FY2017 EPS estimates for shares of Invesco in a research report issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst D. Fannon now anticipates that the asset manager will post earnings per share of $2.66 for the year, up from their prior forecast of $2.65. Jefferies Group currently has a “Buy” rating and a $42.00 price objective on the stock. Jefferies Group also issued estimates for Invesco’s Q4 2017 earnings at $0.69 EPS, Q1 2018 earnings at $0.68 EPS, Q2 2018 earnings at $0.72 EPS, Q3 2018 earnings at $0.78 EPS, Q4 2018 earnings at $0.78 EPS, FY2018 earnings at $2.96 EPS and FY2019 earnings at $3.28 EPS.

Invesco (NYSE:IVZ) last announced its earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.03. Invesco had a net margin of 21.85% and a return on equity of 13.51%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $982.86 million. During the same quarter in the previous year, the company posted $0.59 EPS. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis.

Several other brokerages also recently weighed in on IVZ. Royal Bank of Canada reissued a “buy” rating and issued a $41.00 target price on shares of Invesco in a research note on Friday, October 27th. Credit Suisse Group raised shares of Invesco from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $42.00 to $43.00 in a research note on Wednesday. Zacks Investment Research cut Invesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. ValuEngine cut Invesco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Wells Fargo & Co lifted their price target on Invesco from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $40.43.

Shares of Invesco (NYSE IVZ) traded down $0.87 during mid-day trading on Thursday, reaching $35.16. 5,003,882 shares of the company traded hands, compared to its average volume of 3,235,230. Invesco has a 12-month low of $29.36 and a 12-month high of $38.43. The firm has a market cap of $14,410.00, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 0.97 and a beta of 1.73. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Wednesday, February 14th. Invesco’s payout ratio is currently 42.18%.

Large investors have recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Invesco by 90.6% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 433,921 shares of the asset manager’s stock worth $15,205,000 after purchasing an additional 206,313 shares during the period. Prudential Financial Inc. grew its holdings in shares of Invesco by 40.1% during the 3rd quarter. Prudential Financial Inc. now owns 1,547,138 shares of the asset manager’s stock worth $54,212,000 after purchasing an additional 442,997 shares during the period. Atlantic Trust Group LLC grew its holdings in shares of Invesco by 19.2% during the 3rd quarter. Atlantic Trust Group LLC now owns 31,818 shares of the asset manager’s stock worth $1,115,000 after purchasing an additional 5,131 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Invesco by 17.3% during the 2nd quarter. Wells Fargo & Company MN now owns 1,300,168 shares of the asset manager’s stock worth $45,754,000 after purchasing an additional 192,018 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Invesco by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 41,189,076 shares of the asset manager’s stock worth $1,449,444,000 after purchasing an additional 1,092,898 shares during the period. Institutional investors and hedge funds own 81.26% 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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Earnings History and Estimates for Invesco (NYSE:IVZ)

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