Published On: Fri, Sep 9th, 2016

Invesco PLC (IVZ) Rating Increased to Buy at TheStreet

Invesco PLC (NYSE:IVZ) was upgraded by equities research analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
Several other brokerages also recently commented on IVZ. Zacks Investment Research raised Invesco PLC from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 30th. Barclays PLC set a $36.00 target price on Invesco PLC and gave the stock a “buy” rating in a report on Tuesday, August 9th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Invesco PLC in a report on Wednesday, June 8th. JPMorgan Chase & Co. lifted their target price on Invesco PLC from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Finally, Citigroup Inc. lifted their target price on Invesco PLC from $27.00 to $31.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.67.
Invesco PLC (NYSE:IVZ) traded up 0.06% during midday trading on Wednesday, reaching $31.49. The company had a trading volume of 2,572,829 shares. The company’s 50-day moving average is $29.90 and its 200 day moving average is $29.32. The company has a market cap of $12.91 billion, a PE ratio of 15.90 and a beta of 1.97. Invesco PLC has a 52-week low of $23.02 and a 52-week high of $35.00.

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Invesco PLC (NYSE:IVZ) last announced its earnings results on Thursday, July 28th. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $853.16 million. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. On average, equities research analysts forecast that Invesco PLC will post $2.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Thursday, August 18th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Tuesday, August 16th. Invesco PLC’s dividend payout ratio is currently 56.57%.
In other news, Director Colin Meadows sold 40,433 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $28.43, for a total value of $1,149,510.19. Following the completion of the transaction, the director now directly owns 195,074 shares of the company’s stock, valued at $5,545,953.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ben F. Johnson III bought 2,000 shares of Invesco PLC stock in a transaction dated Monday, August 1st. The stock was acquired at an average cost of $29.24 per share, with a total value of $58,480.00. Following the completion of the acquisition, the director now owns 28,653 shares of the company’s stock, valued at $837,813.72. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.
Several institutional investors have added to or reduced their stakes in the stock. Genesee Valley Trust Co. raised its position in Invesco PLC by 0.7% in the second quarter. Genesee Valley Trust Co. now owns 9,067 shares of the company’s stock valued at $232,000 after buying an additional 65 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in Invesco PLC by 1.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 33,248 shares of the company’s stock valued at $849,000 after buying an additional 357 shares in the last quarter. Millie Capital Management LLC raised its position in Invesco PLC by 0.8% in the second quarter. Millie Capital Management LLC now owns 47,426 shares of the company’s stock valued at $1,211,000 after buying an additional 360 shares in the last quarter. Associated Banc Corp raised its position in Invesco PLC by 0.6% in the first quarter. Associated Banc Corp now owns 69,847 shares of the company’s stock valued at $2,149,000 after buying an additional 446 shares in the last quarter. Finally, Trust Co raised its position in Invesco PLC by 3.1% in the first quarter. Trust Co now owns 16,800 shares of the company’s stock valued at $517,000 after buying an additional 500 shares in the last quarter. 82.37% of the stock is owned by institutional investors.
Invesco PLC Company Profile
Invesco Ltd. (Invesco) is an independent global investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a diverse set of investment vehicles, to help clients achieve their investment objectives. It operates in the investment management segment.

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