Invesco (NYSE:IVZ) Raised to “Hold” at StockNews.com

Invesco (NYSE:IVZ) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other equities analysts also recently commented on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $17.00 price objective (down previously from $19.00) on shares of Invesco in a research report on Wednesday, April 24th. The Goldman Sachs Group lowered their price target on shares of Invesco from $17.75 to $16.75 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. UBS Group cut their price objective on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, January 29th. TD Cowen decreased their target price on shares of Invesco from $21.00 to $19.50 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Finally, Morgan Stanley raised their price target on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.79.

Invesco Trading Down 2.0 %

Shares of IVZ opened at $15.48 on Wednesday. Invesco has a 52-week low of $12.48 and a 52-week high of $18.71. The stock has a market cap of $6.96 billion, a PE ratio of -20.64, a price-to-earnings-growth ratio of 1.21 and a beta of 1.45. The firm’s fifty day moving average is $15.61 and its two-hundred day moving average is $15.73. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.77.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. Research analysts forecast that Invesco will post 1.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Invesco

Institutional investors and hedge funds have recently modified their holdings of the company. Gables Capital Management Inc. grew its position in Invesco by 74.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 700 shares in the last quarter. Orion Capital Management LLC acquired a new position in shares of Invesco in the third quarter valued at approximately $25,000. Pinnacle Bancorp Inc. increased its stake in Invesco by 100.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock worth $36,000 after buying an additional 1,000 shares during the period. Quarry LP acquired a new stake in Invesco during the 4th quarter worth approximately $37,000. Finally, Jones Financial Companies Lllp purchased a new position in Invesco in the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

About Invesco

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.