Invesco Ltd. (NYSE:IVZ) – Jefferies Financial Group boosted their Q3 2019 earnings estimates for shares of Invesco in a report released on Tuesday, July 9th. Jefferies Financial Group analyst D. Fannon now expects that the asset manager will earn $0.57 per share for the quarter, up from their prior estimate of $0.55. Jefferies Financial Group currently has a “Hold” rating and a $23.00 target price on the stock.
Several other analysts also recently issued reports on the company. William Blair reissued a “market perform” rating on shares of Invesco in a research note on Thursday, April 25th. Edward Jones downgraded Invesco from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Wells Fargo & Co set a $162.00 price target on Jazz Pharmaceuticals and gave the company a “buy” rating in a research note on Tuesday, March 19th. Deutsche Bank raised their price objective on Rockwell Automation from $173.00 to $186.00 and gave the company a “hold” rating in a report on Friday, April 26th. Finally, UBS Group set a $15.00 price objective on Hain Celestial Group and gave the company a “sell” rating in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $22.09.
IVZ opened at $20.13 on Thursday. The firm has a 50-day moving average price of $20.45. Invesco has a 1 year low of $15.38 and a 1 year high of $27.59. The firm has a market cap of $8.19 billion, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 1.01 and a beta of 1.50. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.52 and a quick ratio of 1.52.
Invesco (NYSE:IVZ) last released its quarterly earnings results on Thursday, April 25th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.03. Invesco had a return on equity of 10.48% and a net margin of 15.59%. The firm had revenue of $887.10 million for the quarter, compared to the consensus estimate of $884.93 million. During the same quarter last year, the business posted $0.67 EPS. The company’s revenue for the quarter was down 7.4% on a year-over-year basis.
In related news, Director Rod Canion acquired 10,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was bought at an average price of $19.84 per share, for a total transaction of $198,400.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Ltd. Invesco acquired 2,222,222 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was bought at an average price of $4.50 per share, with a total value of $9,999,999.00. The disclosure for this purchase can be found here. Insiders bought a total of 2,252,222 shares of company stock valued at $10,619,199 in the last 90 days. 1.90% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Rehmann Capital Advisory Group grew its holdings in Invesco by 100.0% during the first quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the asset manager’s stock worth $26,000 after purchasing an additional 669 shares during the period. Parallel Advisors LLC lifted its position in Invesco by 58.8% during the first quarter. Parallel Advisors LLC now owns 1,436 shares of the asset manager’s stock worth $28,000 after acquiring an additional 532 shares during the last quarter. CSat Investment Advisory L.P. lifted its position in Invesco by 141.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 2,103 shares of the asset manager’s stock worth $35,000 after acquiring an additional 1,231 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Invesco by 46.2% in the first quarter. Quadrant Capital Group LLC now owns 2,213 shares of the asset manager’s stock valued at $38,000 after buying an additional 699 shares in the last quarter. Finally, Semmax Financial Advisors Inc. acquired a new stake in shares of Invesco in the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 76.23% of the company’s stock.
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.
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