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.
COPYRIGHT VIOLATION NOTICE: This article was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/14/william-blair-comments-on-invesco-ltd-s-fy2017-earnings-ivz.html.
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.
Get a free copy of the Zacks research report on Invesco (IVZ)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.