Invesco (NYSE:IVZ) Rating Lowered to Neutral at UBS Group

Invesco (NYSE:IVZ – Get Rating) was downgraded by investment analysts at UBS Group from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, Marketbeat Ratings reports. They currently have a $20.00 target price on the asset manager’s stock, up from their previous target price of $19.00. UBS Group’s price objective would suggest a potential upside of 1.16% from the company’s current price.

Several other equities analysts have also commented on IVZ. Credit Suisse Group lowered Invesco from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $13.00 to $11.50 in a research report on Wednesday, October 26th. TheStreet upgraded Invesco from a “c+” rating to a “b-” rating in a research report on Friday, November 18th. Deutsche Bank Aktiengesellschaft lowered Invesco from a “buy” rating to a “hold” rating and reduced their price objective for the company from $22.00 to $19.00 in a research report on Monday, December 19th. Wells Fargo & Company began coverage on Invesco in a research report on Wednesday, December 14th. They set an “overweight” rating and a $22.00 price target on the stock. Finally, The Goldman Sachs Group raised their price target on Invesco from $17.50 to $18.50 and gave the stock a “neutral” rating in a research report on Wednesday, January 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.62.

Invesco Stock Performance

NYSE:IVZ opened at $19.77 on Tuesday. The business’s 50-day moving average price is $18.51 and its two-hundred day moving average price is $17.10. Invesco has a twelve month low of $13.20 and a twelve month high of $25.33. The stock has a market cap of $8.99 billion, a P/E ratio of 9.89, a PEG ratio of 1.94 and a beta of 1.35. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.70.

Invesco (NYSE:IVZ – Get Rating) last announced its quarterly earnings data on Tuesday, October 25th. The asset manager reported $0.34 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.09). The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a net margin of 18.21% and a return on equity of 10.39%. Invesco’s revenue for the quarter was down 17.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 earnings per share. As a group, equities analysts predict that Invesco will post 1.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Invesco

Large investors have recently made changes to their positions in the business. Coldstream Capital Management Inc. purchased a new position in shares of Invesco in the 4th quarter valued at approximately $215,000. Yousif Capital Management LLC lifted its stake in shares of Invesco by 3.6% in the 4th quarter. Yousif Capital Management LLC now owns 82,711 shares of the asset manager’s stock valued at $1,488,000 after purchasing an additional 2,906 shares during the period. Wedmont Private Capital purchased a new position in shares of Invesco in the 4th quarter valued at approximately $296,000. Bank of New York Mellon Corp lifted its stake in shares of Invesco by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,667,667 shares of the asset manager’s stock valued at $50,246,000 after purchasing an additional 53,343 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Invesco by 45.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 364,184 shares of the asset manager’s stock valued at $4,989,000 after purchasing an additional 114,176 shares during the period. 69.42% of the stock is currently owned by institutional investors.

About Invesco

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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.