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.
TRADEMARK VIOLATION WARNING: This report was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2017/04/21/invesco-ltd-ivz-receives-buy-rating-from-jefferies-group-llc-updated.html.
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.
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.
Receive News & Ratings for Invesco Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.