Invesco (NYSE:IVZ) Rating Lowered to Sell at StockNews.com

Invesco (NYSE:IVZGet Rating) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

Several other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Invesco from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, August 12th. BMO Capital Markets downgraded Invesco from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $25.00 to $20.00 in a research note on Monday, June 13th. Keefe, Bruyette & Woods cut their target price on Invesco from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Tuesday, June 28th. The Goldman Sachs Group cut their target price on Invesco from $21.50 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, June 29th. Finally, Morgan Stanley dropped their price target on Invesco from $23.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.68.

Invesco Trading Up 1.3 %

NYSE IVZ opened at $17.58 on Friday. The firm has a market capitalization of $8.00 billion, a P/E ratio of 7.58, a PEG ratio of 1.49 and a beta of 1.28. The business has a fifty day simple moving average of $17.21 and a 200 day simple moving average of $18.70. Invesco has a 12 month low of $15.20 and a 12 month high of $27.03. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.71.

Invesco (NYSE:IVZGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The asset manager reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.20). Invesco had a net margin of 19.67% and a return on equity of 12.05%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the company posted $0.78 earnings per share. The company’s quarterly revenue was down 9.9% compared to the same quarter last year. On average, analysts predict that Invesco will post 1.94 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Mm Asset Management Holding Ll purchased 827,590 shares of the company’s stock in a transaction that occurred on Monday, June 13th. The shares were bought at an average cost of $16.08 per share, for a total transaction of $13,307,647.20. Following the completion of the transaction, the insider now directly owns 80,504,729 shares of the company’s stock, valued at approximately $1,294,516,042.32. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.94% of the company’s stock.

Institutional Investors Weigh In On Invesco

Several hedge funds have recently added to or reduced their stakes in IVZ. Trian Fund Management L.P. lifted its holdings in shares of Invesco by 23.7% during the fourth quarter. Trian Fund Management L.P. now owns 45,473,859 shares of the asset manager’s stock valued at $1,182,320,000 after purchasing an additional 8,718,084 shares in the last quarter. Vanguard Group Inc. increased its position in Invesco by 14.0% during the first quarter. Vanguard Group Inc. now owns 52,105,335 shares of the asset manager’s stock valued at $1,201,550,000 after acquiring an additional 6,384,917 shares during the last quarter. Millennium Management LLC increased its position in Invesco by 1,989.5% during the second quarter. Millennium Management LLC now owns 2,464,849 shares of the asset manager’s stock valued at $39,758,000 after acquiring an additional 2,595,302 shares during the last quarter. BlackRock Inc. increased its position in Invesco by 6.4% during the first quarter. BlackRock Inc. now owns 37,980,845 shares of the asset manager’s stock valued at $875,838,000 after acquiring an additional 2,297,862 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Invesco by 24.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,844,754 shares of the asset manager’s stock valued at $180,586,000 after acquiring an additional 1,557,829 shares during the last quarter. 83.58% 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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