Invesco Ltd. (IVZ) Rating Reiterated by Jefferies Group LLC

Jefferies Group LLC reaffirmed their buy rating on shares of Invesco Ltd. (NYSE:IVZ) in a research note issued to investors on Thursday morning. Jefferies Group LLC currently has a $33.00 target price on the asset manager’s stock.

A number of other analysts also recently commented on IVZ. Keefe, Bruyette & Woods reiterated a market perform rating on shares of Invesco in a research report on Tuesday, December 13th. Morgan Stanley restated an overweight rating on shares of Invesco in a research report on Saturday, December 17th. JPMorgan Chase & Co. restated an overweight rating on shares of Invesco in a research report on Thursday, January 12th. Zacks Investment Research upgraded Invesco from a sell rating to a hold rating in a research report on Wednesday, December 21st. Finally, Citigroup Inc upped their price objective on Invesco to $33.00 in a research report on Wednesday, January 25th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $35.10.

Invesco (NYSE:IVZ) traded down 0.5857% during midday trading on Thursday, hitting $31.3354. 968,325 shares of the stock traded hands. Invesco has a 52-week low of $23.02 and a 52-week high of $33.46. The company has a market cap of $12.65 billion, a price-to-earnings ratio of 15.2114 and a beta of 1.82. The firm’s 50-day moving average is $31.07 and its 200-day moving average is $30.97.

Invesco (NYSE:IVZ) last posted its earnings results on Thursday, January 26th. The asset manager reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $867.07 million. Invesco had a return on equity of 11.79% and a net margin of 18.04%. Invesco’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 earnings per share. Analysts predict that Invesco will post $2.41 EPS for the current year.

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A number of large investors have recently made changes to their positions in IVZ. Highfields Capital Management LP purchased a new stake in shares of Invesco during the fourth quarter valued at approximately $280,686,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Invesco during the third quarter valued at approximately $77,881,000. Norges Bank purchased a new stake in shares of Invesco during the fourth quarter valued at approximately $59,973,000. State Street Corp raised its stake in shares of Invesco by 10.8% in the fourth quarter. State Street Corp now owns 19,217,229 shares of the asset manager’s stock valued at $583,048,000 after buying an additional 1,877,789 shares in the last quarter. Finally, Pioneer Investment Management Inc. raised its stake in shares of Invesco by 695.0% in the third quarter. Pioneer Investment Management Inc. now owns 2,120,871 shares of the asset manager’s stock valued at $66,320,000 after buying an additional 1,854,088 shares in the last quarter. Institutional investors own 80.85% of the company’s stock.

About Invesco

Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.

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