Goldman Sachs Upgrades Invesco Ltd. to Conviction Buy with Price Target $37

Brokerage firm Goldman Sachs Upgrades its rating on Invesco Ltd.(IVZ). As per the latest information, Goldman Sachs Raises the price target to $37 per share from a prior target of $30. The shares have been rated Conviction Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Goldman Sachs was issued on Mar 15, 2017 in a research report to their Investors and Clients.

Invesco Ltd. (IVZ) shares turned negative on Fridays trading session with the shares closing down -1.45 points or -4.44% at a volume of 54,48,075. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.72. The peak price level was also seen at $32.72 while the days lowest was $31.18. Finally the shares closed at $31.23. The 52-week high of the shares is $33.46 while the 52-week low is $23.015. According to the latest information available, the market cap of the company is $12,612 M.

Invesco Ltd.(IVZ) last announced its earnings results on Jan 26, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $863.800M. Analysts had an estimated revenue of $862.890M. Earnings per share were $0.59. Analysts had estimated an EPS of $0.58.

Several Insider Transactions has been reported to the SEC. On Dec 6, 2016, Karen Dunn Kelley (Senior Managing Director) sold 157,615 shares at $31.56 per share price.Also, On Nov 29, 2016, Philip Taylor (Senior Managing Director) sold 140,000 shares at $31.33 per share price.On Nov 3, 2016, Andrew Tak Shing Lo (Senior Managing Director) sold 150,000 shares at $27.71 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.

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