Todays Report: Today, Credit Suisse Group AG Reaffirmed Hold Rating for Invesco PLC (IVZ)

Today, Credit Suisse Group AG Reaffirmed Hold Rating for Invesco PLC (IVZ)

Invesco PLC (NYSE:IVZ)‘s stock had its “hold” rating reaffirmed by equities researchers at Credit Suisse Group AG in a research report issued on Monday. They currently have a $31.00 price objective on the stock. Credit Suisse Group AG’s target price points to a potential downside of 2.08% from the company’s current price.

IVZ has been the topic of several other reports. Wells Fargo & Co. reiterated a “buy” rating on shares of Invesco PLC in a research report on Wednesday, September 21st. Bank of America Corp. reiterated a “buy” rating and issued a $37.00 price target on shares of Invesco PLC in a research report on Monday, September 26th. Deutsche Bank AG boosted their price target on shares of Invesco PLC from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Jefferies Group boosted their price target on shares of Invesco PLC from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Finally, Citigroup Inc. boosted their price target on shares of Invesco PLC from $27.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Invesco PLC presently has a consensus rating of “Buy” and an average price target of $36.00.

Invesco PLC (NYSE:IVZ) traded down 0.03% during midday trading on Monday, hitting $31.66. 901,828 shares of the company traded hands. The stock has a 50 day moving average price of $30.13 and a 200-day moving average price of $29.46. Invesco PLC has a 12-month low of $23.02 and a 12-month high of $35.00. The company has a market cap of $12.93 billion, a PE ratio of 15.96 and a beta of 1.82.

Invesco PLC (NYSE:IVZ) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. Invesco PLC had a net margin of 17.36% and a return on equity of 11.52%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Invesco PLC’s revenue for the quarter was down 5.3% compared to the same quarter last year. Analysts expect that Invesco PLC will post $2.24 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Tuesday, November 15th will be paid a $0.28 dividend. The ex-dividend date is Thursday, November 10th. This represents a $1.12 annualized dividend and a dividend yield of 3.54%. Invesco PLC’s payout ratio is 56.57%.

In related news, insider Andrew Tak Shing Lo sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $27.71, for a total value of $4,156,500.00. Following the completion of the sale, the insider now owns 251,603 shares of the company’s stock, valued at approximately $6,971,919.13. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Edward P. Lawrence sold 1,609 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $30.84, for a total value of $49,621.56. Following the completion of the sale, the director now directly owns 33,848 shares of the company’s stock, valued at approximately $1,043,872.32. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Invesco PLC by 1.0% in the second quarter. Vanguard Group Inc. now owns 31,376,066 shares of the company’s stock valued at $801,345,000 after buying an additional 319,989 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Invesco PLC by 2.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 11,524,670 shares of the company’s stock worth $360,376,000 after buying an additional 245,444 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Invesco PLC by 7.0% in the third quarter. Bank of New York Mellon Corp now owns 9,523,670 shares of the company’s stock worth $297,805,000 after buying an additional 621,095 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Invesco PLC by 1.5% in the second quarter. BlackRock Fund Advisors now owns 7,344,640 shares of the company’s stock worth $187,582,000 after buying an additional 107,962 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its stake in shares of Invesco PLC by 26.7% in the second quarter. BlackRock Advisors LLC now owns 6,245,621 shares of the company’s stock worth $159,514,000 after buying an additional 1,316,393 shares during the last quarter. 80.19% of the stock is owned by institutional investors and hedge funds.

Invesco PLC Company Profile

Related posts

Leave a Comment