Shares of Invesco PLC (NYSE:IVZ) have been given a consensus recommendation of “Buy” by the sixteen analysts that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $37.45.
A number of analysts have weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Invesco PLC in a research report on Thursday, June 29th. They set an “outperform” rating and a $41.00 target price for the company. Jefferies Group LLC reissued a “buy” rating and set a $41.00 target price on shares of Invesco PLC in a research report on Sunday, July 30th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $36.00 target price on shares of Invesco PLC in a research report on Sunday, July 2nd. ValuEngine raised shares of Invesco PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Finally, Zacks Investment Research downgraded shares of Invesco PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st.
Invesco PLC (NYSE:IVZ) opened at 33.99 on Friday. The firm has a 50-day moving average of $35.33 and a 200 day moving average of $32.75. The firm has a market cap of $13.83 billion, a price-to-earnings ratio of 15.15 and a beta of 1.80. Invesco PLC has a 1-year low of $27.46 and a 1-year high of $36.84.
Invesco PLC (NYSE:IVZ) last released its earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $906.30 million during the quarter, compared to the consensus estimate of $891.19 million. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS. Analysts expect that Invesco PLC will post $2.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 17th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Tuesday, August 15th. Invesco PLC’s dividend payout ratio is currently 52.02%.
Several institutional investors have recently modified their holdings of IVZ. Financial Architects Inc boosted its position in shares of Invesco PLC by 54.3% in the second quarter. Financial Architects Inc now owns 3,073 shares of the asset manager’s stock worth $109,000 after buying an additional 1,082 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Invesco PLC by 5.9% in the first quarter. IFP Advisors Inc now owns 3,950 shares of the asset manager’s stock worth $121,000 after buying an additional 221 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Invesco PLC by 29.4% in the first quarter. Global X Management Co. LLC now owns 5,582 shares of the asset manager’s stock worth $171,000 after buying an additional 1,267 shares in the last quarter. Gilbert & Cook Inc. purchased a new position in shares of Invesco PLC during the second quarter worth about $203,000. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Invesco PLC during the second quarter worth about $206,000. Institutional investors own 79.80% of the company’s stock.
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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.
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