Revenue Update on Invesco Ltd.(NYSE:IVZ)

Invesco Ltd.(NYSE:IVZ) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $856.60M. Analysts estimated a revenue of $848.82M. Earnings per share were $0.56. Analysts had estimated an EPS of $0.55.

In a different note, On Jul 11, 2016, Jefferies said it Maintains its rating on Invesco Ltd.. In the research note, the firm Lowers the price-target to $35.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 7, 2016, Barclays said it Maintains its rating on Invesco Ltd.. In the research note, the firm Lowers the price-target to $37.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jun 27, 2016, Citigroup said it Downgrades its rating on Invesco Ltd.. In the research note, the firm Lowers the price-target to $38.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 16, 2016, Deutsche Bank said it Maintains its rating on Invesco Ltd.. In the research note, the firm Lowers the price-target to $35.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 2, 2016, UBS said it Downgrades its rating on Invesco Ltd.. The shares have been rated ‘Neutral’ by the firm.

Invesco Ltd. (IVZ) shares turned negative on Thursdays trading session with the shares closing down -0.1 points or -0.34% at a volume of 21,02,917. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.16. The peak price level was also seen at $29.16 while the days lowest was $28.7. Finally the shares closed at $28.92. The 52-week high of the shares is $38.97 while the 52-week low is $23.015. According to the latest information available, the market cap of the company is $11,855 M.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Colin Meadows (Senior Managing Director) sold 40,433 shares at $28.43 per share price.Also, 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.

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