Invesco (NYSE:IVZ) Downgraded by Zacks Research to “Hold”

Invesco (NYSE:IVZ) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

IVZ has been the topic of several other research reports. BMO Capital Markets upped their price objective on shares of Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, December 10th. Barclays cut their price target on Invesco from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded Invesco from a “hold” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $31.00 in a report on Wednesday, December 17th. Argus set a $31.00 target price on Invesco in a research note on Wednesday, January 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Invesco in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Invesco currently has an average rating of “Hold” and a consensus target price of $28.46.

Invesco Stock Down 3.1%

Shares of NYSE:IVZ opened at $26.26 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.38 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $11.69 billion, a P/E ratio of -16.41, a P/E/G ratio of 0.49 and a beta of 1.69. Invesco has a 52-week low of $11.60 and a 52-week high of $29.61. The stock’s fifty day simple moving average is $27.35 and its 200-day simple moving average is $24.70.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. Invesco had a negative net margin of 6.92% and a positive return on equity of 10.26%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Invesco will post 1.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Invesco

A number of large investors have recently modified their holdings of the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Invesco during the 4th quarter worth about $79,000. Compound Planning Inc. lifted its position in Invesco by 29.8% during the fourth quarter. Compound Planning Inc. now owns 12,838 shares of the asset manager’s stock valued at $337,000 after buying an additional 2,947 shares in the last quarter. Invesco Ltd. purchased a new stake in Invesco during the fourth quarter worth approximately $230,391,000. Corient Private Wealth LLC increased its position in shares of Invesco by 117.1% in the fourth quarter. Corient Private Wealth LLC now owns 121,098 shares of the asset manager’s stock worth $3,181,000 after acquiring an additional 65,313 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Invesco by 4.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 167,019 shares of the asset manager’s stock worth $4,388,000 after acquiring an additional 7,031 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

About Invesco

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.