Todays Report: The Invesco PLC (IVZ) Issues Quarterly Earnings Results

The Invesco PLC (IVZ) Issues Quarterly  Earnings Results

Invesco PLC (NYSE:IVZ) issued its quarterly earnings results on Thursday. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.01. Invesco PLC had a return on equity of 11.52% and a net margin of 17.36%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. The business’s revenue was down 5.3% on a year-over-year basis.

Invesco PLC (NYSE:IVZ) opened at 28.54 on Monday. The company has a market cap of $11.70 billion, a PE ratio of 14.44 and a beta of 1.96. Invesco PLC has a 52-week low of $23.02 and a 52-week high of $35.00. The firm’s 50 day moving average is $30.48 and its 200 day moving average is $29.60.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, November 10th. This represents a $1.12 annualized dividend and a dividend yield of 3.92%. Invesco PLC’s dividend payout ratio is currently 56.57%.

A number of equities analysts have recently issued reports on the stock. Credit Suisse Group AG set a $34.00 price objective on shares of Invesco PLC and gave the stock a “hold” rating in a research report on Sunday. Deutsche Bank AG reissued a “hold” rating and set a $32.00 price objective (up previously from $31.00) on shares of Invesco PLC in a research report on Friday. Keefe, Bruyette & Woods set a $36.00 price objective on shares of Invesco PLC and gave the stock a “buy” rating in a research report on Saturday, October 15th. Barclays PLC increased their price objective on shares of Invesco PLC from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, October 13th. Finally, Jefferies Group increased their price objective 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. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $36.27.

In related news, Director Edward P. Lawrence sold 1,609 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $30.84, for a total transaction of $49,621.56. Following the transaction, the director now owns 33,848 shares in the company, valued at $1,043,872.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in IVZ. Nuveen Asset Management LLC boosted its position in shares of Invesco PLC by 39.8% in the first quarter. Nuveen Asset Management LLC now owns 1,141,298 shares of the company’s stock valued at $35,118,000 after buying an additional 325,008 shares in the last quarter. Alps Advisors Inc. boosted its position in shares of Invesco PLC by 27.1% in the second quarter. Alps Advisors Inc. now owns 925,205 shares of the company’s stock valued at $23,630,000 after buying an additional 197,102 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Invesco PLC by 12.3% in the second quarter. Retirement Systems of Alabama now owns 1,327,328 shares of the company’s stock valued at $33,900,000 after buying an additional 145,534 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Invesco PLC by 0.8% in the first quarter. Geode Capital Management LLC now owns 3,404,695 shares of the company’s stock valued at $104,552,000 after buying an additional 28,583 shares in the last quarter. Finally, Aviva PLC boosted its stake in shares of Invesco PLC by 17.6% in the second quarter. Aviva PLC now owns 254,242 shares of the company’s stock worth $6,493,000 after buying an additional 38,011 shares during the period. Institutional investors own 82.00% of the company’s stock.

About Invesco PLC

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