FY2017 EPS Estimates for Invesco Ltd. (NYSE:IVZ) Boosted by William Blair

Invesco Ltd. (NYSE:IVZ) – Analysts at William Blair boosted their FY2017 earnings per share (EPS) estimates for Invesco in a research note issued on Monday, according to Zacks Investment Research. William Blair analyst C. Shutler now forecasts that the asset manager will post earnings of $2.69 per share for the year, up from their prior forecast of $2.67. William Blair also issued estimates for Invesco’s Q4 2017 earnings at $0.72 EPS, Q1 2018 earnings at $0.76 EPS, Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.81 EPS, FY2018 earnings at $3.17 EPS and FY2019 earnings at $3.37 EPS.

IVZ has been the subject of a number of other reports. Royal Bank of Canada set a $47.00 price target on Invesco and gave the stock a “buy” rating in a report on Saturday, December 16th. ValuEngine upgraded Invesco from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Morgan Stanley downgraded Invesco from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $40.00 to $39.00 in a report on Wednesday, January 3rd. Zacks Investment Research downgraded Invesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Citigroup cut shares of Invesco from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. Invesco presently has an average rating of “Buy” and an average price target of $40.57.

Shares of Invesco (NYSE:IVZ) traded up $0.95 during trading on Tuesday, reaching $33.17. The company’s stock had a trading volume of 3,936,043 shares, compared to its average volume of 3,565,862. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.50. Invesco has a 52-week low of $29.36 and a 52-week high of $38.43. The firm has a market cap of $13,160.00, a P/E ratio of 12.00, a P/E/G ratio of 0.87 and a beta of 1.73.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 3.50%. Invesco’s dividend payout ratio is currently 42.18%.

Several institutional investors have recently bought and sold shares of the business. Capital International Investors lifted its position in shares of Invesco by 9.2% during the 3rd quarter. Capital International Investors now owns 13,917,400 shares of the asset manager’s stock worth $487,666,000 after buying an additional 1,169,200 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Invesco by 4.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,517,149 shares of the asset manager’s stock worth $394,807,000 after buying an additional 538,969 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Invesco by 1.8% during the 4th quarter. American Century Companies Inc. now owns 9,652,437 shares of the asset manager’s stock worth $352,700,000 after buying an additional 173,766 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Invesco by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 9,374,021 shares of the asset manager’s stock worth $328,466,000 after buying an additional 88,330 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in shares of Invesco by 45.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 7,403,295 shares of the asset manager’s stock worth $270,516,000 after buying an additional 2,306,093 shares in the last quarter. 80.36% of the stock is currently owned by hedge funds and other institutional investors.

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About Invesco

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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