Invesco Ltd. (IVZ) Releases Earnings Results, Beats Expectations By $0.02 EPS

Invesco Ltd. (IVZ) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.56 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.54. The company posted revenue of $1189.40 million in the period, compared to analysts expectations of $1209.62 million. The company’s revenue was down -9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Invesco Ltd.. Invesco Ltd. was Downgraded by Citigroup to ” Neutral” on Jun 27, 2016. Shares were Downgraded by UBS on Jun 2, 2016 to ” Neutral” and Lowered the Price Target to $ 32 from a previous price target of $34 .

Invesco Ltd. opened for trading at $28.82 and hit $29.56 on the upside on Thursday, eventually ending the session at $28.92, with a gain of 1.08% or 0.31 points. The heightened volatility saw the trading volume jump to 43,70,888 shares. Company has a market cap of $12,067 M.

In a different news, on Jun 14, 2016, Colin Meadows (Senior Managing Director) sold 40,433 shares at $28.43 per share price. According to the SEC, on Mar 1, 2016, Martin L Flanagan (President & CEO) sold 296,359 shares at $27.34 per share price. On May 28, 2015, Edward P Lawrence (director) sold 2,500 shares at $40.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Invesco Ltd. (Invesco) is an independent global investment manager. The Company delivers an array of investment capabilities and services to retail and institutional investors through its global platform. The Company has presence in the institutional and retail markets within the investment management industry in North America the United Kingdom Europe the Middle East and Asia-Pacific. The Company offers a range of domestic and global institutional strategies including traditional and quantitative equities fixed income (including money market funds for institutional clients) real estate private equity financial structures and absolute return strategies. Invesco offers retail investment solutions to clients through third-party financial intermediaries including traditional broker-dealers fund supermarkets retirement platforms financial advisors banks insurance companies and trust companies.

Invesco Ltd.

Leave a Reply

Invesco Ltd. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Invesco Ltd.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.