Invesco (NYSE:IVZ) Rating Increased to Hold at StockNews.com

Invesco (NYSE:IVZ) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

Several other equities analysts also recently commented on IVZ. Deutsche Bank Aktiengesellschaft upped their price target on shares of Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Evercore ISI increased their target price on shares of Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 20th. Wells Fargo & Company assumed coverage on shares of Invesco in a research report on Thursday, September 12th. They issued an “underweight” rating and a $16.00 price target for the company. Royal Bank of Canada increased their price target on Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group dropped their price objective on Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.08.

Invesco Stock Performance

Shares of IVZ stock opened at $17.36 on Monday. Invesco has a 52 week low of $12.48 and a 52 week high of $18.28. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of -23.15, a PEG ratio of 1.18 and a beta of 1.44. The company has a 50-day simple moving average of $16.70 and a 200 day simple moving average of $15.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $0.31 EPS. On average, sell-side analysts predict that Invesco will post 1.65 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IVZ. Dimensional Fund Advisors LP increased its holdings in shares of Invesco by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock worth $270,540,000 after buying an additional 3,349,069 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Invesco by 11.1% during the fourth quarter. Fisher Asset Management LLC now owns 3,921,248 shares of the asset manager’s stock valued at $69,955,000 after purchasing an additional 391,933 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Invesco by 1,411.1% during the fourth quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock worth $67,016,000 after purchasing an additional 3,507,900 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Invesco during the fourth quarter worth about $61,795,000. Finally, Swedbank AB acquired a new position in shares of Invesco in the first quarter valued at approximately $41,475,000. Institutional investors own 66.09% of the company’s stock.

Invesco Company Profile

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.