Headlines about Invesco PLC (NYSE:IVZ) have been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Invesco PLC earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave news stories about the asset manager an impact score of 46.8779660320337 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- Update: Invesco to terminate Invesco Emerging Markets Debt Fund in Canada (finance.yahoo.com)
- Invesco PLC (NYSE:IVZ) Stake Raised by Capstone Asset Management Co (hoyentv.com)
- Head-To-Head Survey: Invesco PLC (IVZ) vs. Och-Ziff Capital Management Group (OZM) (americanbankingnews.com)
- Financial Contrast: SEI Investments (SEIC) vs. Invesco PLC (IVZ) (americanbankingnews.com)
- Critical Comparison: Invesco PLC (IVZ) versus Och-Ziff Capital Management Group (OZM) (americanbankingnews.com)
Invesco PLC (NYSE IVZ) traded up 1.05% on Tuesday, reaching $36.65. 988,444 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $35.17 and a 200 day moving average price of $32.38. The stock has a market cap of $14.91 billion, a price-to-earnings ratio of 16.67 and a beta of 1.81. Invesco PLC has a 12-month low of $27.46 and a 12-month high of $36.83.
Invesco PLC (NYSE:IVZ) last released its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.61 EPS for the quarter, beating the consensus estimate of $0.56 by $0.05. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.22 billion. Invesco PLC had a net margin of 18.94% and a return on equity of 12.51%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. Analysts forecast that Invesco PLC will post $2.54 EPS for the current year.
Several equities research analysts recently issued reports on IVZ shares. Jefferies Group LLC raised their target price on shares of Invesco PLC from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, April 17th. Credit Suisse Group restated a “hold” rating and issued a $34.00 target price on shares of Invesco PLC in a report on Friday, April 7th. Citigroup Inc. upgraded shares of Invesco PLC from a “neutral” rating to a “buy” rating and raised their target price for the stock from $35.00 to $37.50 in a report on Monday, June 5th. ValuEngine cut shares of Invesco PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Tuesday, July 4th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Invesco PLC has a consensus rating of “Buy” and a consensus target price of $36.96.
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In other news, insider Philip Taylor sold 60,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $32.40, for a total value of $1,944,000.00. Following the sale, the insider now directly owns 146,222 shares of the company’s stock, valued at approximately $4,737,592.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by corporate insiders.
Invesco PLC Company Profile
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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