Published On: Tue, Sep 6th, 2016

Invesco PLC (NYSE:IVZ) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Invesco PLC (NYSE:IVZ) have been assigned an average recommendation of “Buy” from the sixteen research firms that are currently covering the company. Five analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $36.00.
In other news, Director Ben F. Johnson III acquired 2,000 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was bought at an average cost of $29.24 per share, with a total value of $58,480.00. Following the transaction, the director now directly owns 28,653 shares in the company, valued at approximately $837,813.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Colin Meadows sold 40,433 shares of the company’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $28.43, for a total transaction 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 disclosure for this sale can be found here.
Invesco PLC (NYSE:IVZ) traded down 0.41% on Tuesday, reaching $31.35. The company had a trading volume of 1,769,176 shares. The stock’s 50-day moving average price is $29.58 and its 200 day moving average price is $29.25. Invesco PLC has a 52-week low of $23.02 and a 52-week high of $35.00. The firm has a market capitalization of $12.85 billion and a price-to-earnings ratio of 15.83.

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Invesco PLC (NYSE:IVZ) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $853.16 million. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, equities analysts anticipate that Invesco PLC will post $2.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Thursday, August 18th were given a $0.28 dividend. The ex-dividend date was Tuesday, August 16th. This represents a $1.12 dividend on an annualized basis and a yield of 3.56%.
IVZ has been the subject of several analyst reports. Deutsche Bank AG boosted their price target on Invesco PLC from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, July 18th. Jefferies Group reiterated a “buy” rating and issued a $35.00 price target on shares of Invesco PLC in a report on Monday, June 20th. Wells Fargo & Co. reiterated a “buy” rating on shares of Invesco PLC in a report on Wednesday, June 8th. Finally, Barclays PLC set a $36.00 price target on Invesco PLC and gave the company a “buy” rating in a report on Tuesday, August 9th.
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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