Invesco Ltd Gets a Buy Rating from KBW

By Austin Angelo

KBW analyst Robert Lee reiterated a Buy rating on Invesco Ltd (NYSE: IVZ) on July 27 and set a price target of $39. The company’s shares closed on Friday at $34.36.

According to, Lee is a top 100 analyst with an average return of 9.4% and a 73.2% success rate. Lee covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Oaktree Capital Group Llc, and Janus Henderson Group plc.

Currently, the analyst consensus on Invesco Ltd is Strong Buy and the average price target is $39.75, representing a 15.7% upside.

In a report issued on July 27, RBC Capital also reiterated a Buy rating on the stock with a $40 price target.

Based on Invesco Ltd’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.26 billion and quarterly net profit of $232 million. In comparison, last year the company earned revenue of $1.17 billion and had a net profit of $219 million.

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2017, Philip Taylor, the Senior MD of IVZ sold 60,000 shares for a total of $1,944,000.

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Invesco Ltd. engages as an independent global investment management firm. It offers a range of single-country, regional, and global capabilities across major equity, fixed income and alternative asset classes, delivered through a diverse set of investment vehicles. The company was founded in December 1935 and is headquartered in Atlanta, GA.