Invesco (NYSE:IVZ) Stock Rating Lowered by StockNews.com

Invesco (NYSE:IVZGet Rating) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

Several other research analysts also recently commented on IVZ. Citigroup reduced their target price on Invesco from $26.00 to $22.50 in a report on Wednesday, April 27th. Morgan Stanley reaffirmed a “maintains” rating and set a $16.00 price objective (down previously from $17.00) on shares of Invesco in a report on Thursday, July 28th. JPMorgan Chase & Co. decreased their price target on Invesco from $22.00 to $20.00 in a report on Monday, July 18th. Keefe, Bruyette & Woods reduced their target price on shares of Invesco from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Tuesday, June 28th. Finally, UBS Group dropped their target price on shares of Invesco from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $20.50.

Invesco Stock Up 1.4 %

Shares of IVZ opened at $17.90 on Thursday. Invesco has a 52 week low of $15.20 and a 52 week high of $27.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.21 and a current ratio of 8.00. The firm has a market capitalization of $8.14 billion, a P/E ratio of 7.72, a P/E/G ratio of 1.47 and a beta of 1.28. The company has a 50-day simple moving average of $17.17 and a 200-day simple moving average of $19.66.

Invesco (NYSE:IVZGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The asset manager reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.20). The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. Invesco had a net margin of 19.67% and a return on equity of 10.92%. The company’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 EPS. On average, equities research analysts expect that Invesco will post 2.04 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Terry Vacheron bought 4,000 shares of the company’s stock in a transaction dated Tuesday, May 10th. The stock was bought at an average price of $17.40 per share, with a total value of $69,600.00. Following the completion of the acquisition, the chief accounting officer now owns 10,696 shares of the company’s stock, valued at $186,110.40. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder Mm Asset Management Holding Ll bought 827,590 shares of the firm’s stock in a transaction on Monday, June 13th. The shares were purchased at an average cost of $16.08 per share, with a total value of $13,307,647.20. Following the acquisition, the insider now directly owns 80,504,729 shares in the company, valued at $1,294,516,042.32. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Terry Vacheron bought 4,000 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was purchased at an average cost of $17.40 per share, for a total transaction of $69,600.00. Following the completion of the acquisition, the chief accounting officer now owns 10,696 shares in the company, valued at $186,110.40. The disclosure for this purchase can be found here. Company insiders own 1.94% of the company’s stock.

Institutional Investors Weigh In On Invesco

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Trian Fund Management L.P. boosted its position in Invesco by 23.7% during the 4th quarter. Trian Fund Management L.P. now owns 45,473,859 shares of the asset manager’s stock worth $1,182,320,000 after buying an additional 8,718,084 shares during the period. Vanguard Group Inc. lifted its position in shares of Invesco by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 52,105,335 shares of the asset manager’s stock worth $1,201,550,000 after purchasing an additional 6,384,917 shares during the period. BlackRock Inc. lifted its position in shares of Invesco by 6.4% in the 1st quarter. BlackRock Inc. now owns 37,980,845 shares of the asset manager’s stock worth $875,838,000 after purchasing an additional 2,297,862 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Invesco by 24.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,844,754 shares of the asset manager’s stock worth $180,586,000 after purchasing an additional 1,557,829 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Invesco by 96.8% during the 4th quarter. Millennium Management LLC now owns 2,945,207 shares of the asset manager’s stock valued at $67,799,000 after acquiring an additional 1,448,814 shares during the period. 67.53% of the stock is owned by institutional investors.

Invesco Company Profile

(Get Rating)

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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Analyst Recommendations for Invesco (NYSE:IVZ)

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