Jefferies Financial Group Weighs in on Invesco Ltd.’s FY2018 Earnings (IVZ)

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Invesco Ltd. (NYSE:IVZ) – Analysts at Jefferies Financial Group cut their FY2018 EPS estimates for shares of Invesco in a research report issued on Wednesday, January 9th. Jefferies Financial Group analyst D. Fannon now forecasts that the asset manager will post earnings per share of $2.55 for the year, down from their previous forecast of $2.61. Jefferies Financial Group also issued estimates for Invesco’s Q4 2018 earnings at $0.55 EPS, Q1 2019 earnings at $0.51 EPS, Q2 2019 earnings at $0.57 EPS, Q3 2019 earnings at $0.58 EPS, Q4 2019 earnings at $0.60 EPS, FY2019 earnings at $2.25 EPS and FY2020 earnings at $2.53 EPS.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Thursday, October 18th. The asset manager reported $0.66 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.66. Invesco had a net margin of 21.66% and a return on equity of 12.25%. The company had revenue of $966.90 million for the quarter, compared to the consensus estimate of $972.49 million. During the same quarter last year, the firm posted $0.71 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year.

Several other research analysts have also recently issued reports on IVZ. JPMorgan Chase & Co. set a $29.00 target price on shares of Invesco and gave the stock a “buy” rating in a report on Monday, September 24th. Zacks Investment Research upgraded shares of Invesco from a “sell” rating to a “hold” rating in a report on Monday, September 24th. Deutsche Bank increased their target price on shares of Invesco from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. UBS Group dropped their target price on shares of Invesco from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, October 8th. Finally, Morgan Stanley dropped their target price on shares of Invesco from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Invesco has an average rating of “Hold” and an average target price of $26.36.

Shares of Invesco stock opened at $17.55 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.82. Invesco has a 1 year low of $15.38 and a 1 year high of $38.43. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 0.85 and a beta of 1.53.

Large investors have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. boosted its holdings in shares of Invesco by 15.7% in the 2nd quarter. OppenheimerFunds Inc. now owns 24,443 shares of the asset manager’s stock valued at $649,000 after buying an additional 3,308 shares in the last quarter. Nelson Roberts Investment Advisors LLC raised its position in shares of Invesco by 3.2% in the 3rd quarter. Nelson Roberts Investment Advisors LLC now owns 200,272 shares of the asset manager’s stock valued at $4,582,000 after purchasing an additional 6,145 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Invesco by 27.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 28,853 shares of the asset manager’s stock valued at $660,000 after purchasing an additional 6,224 shares during the last quarter. Kiltearn Partners LLP raised its position in shares of Invesco by 18.9% in the 3rd quarter. Kiltearn Partners LLP now owns 8,758,297 shares of the asset manager’s stock valued at $200,390,000 after purchasing an additional 1,393,287 shares during the last quarter. Finally, Financial Counselors Inc. raised its position in shares of Invesco by 15.0% in the 3rd quarter. Financial Counselors Inc. now owns 319,878 shares of the asset manager’s stock valued at $7,319,000 after purchasing an additional 41,676 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Invesco Company Profile

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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