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

Invesco (NYSE:IVZGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Several other research firms also recently issued reports on IVZ. BMO Capital Markets downgraded Invesco from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $25.00 to $20.00 in a report on Monday, June 13th. Keefe, Bruyette & Woods downgraded Invesco from an “outperform” rating to a “market perform” rating and set a $25.00 target price on the stock. in a report on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Invesco from $24.00 to $21.00 in a research report on Thursday, May 19th. Morgan Stanley lowered their target price on shares of Invesco from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, April 25th. Finally, The Goldman Sachs Group boosted their price target on Invesco from $23.00 to $24.50 and gave the stock a “neutral” rating in a research report on Thursday, March 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.40.

Shares of Invesco stock opened at $16.69 on Wednesday. The company has a current ratio of 4.21, a quick ratio of 4.21 and a debt-to-equity ratio of 0.77. The company’s 50-day moving average price is $18.53 and its two-hundred day moving average price is $21.02. Invesco has a 52 week low of $15.68 and a 52 week high of $27.70. The stock has a market cap of $7.59 billion, a PE ratio of 5.86, a price-to-earnings-growth ratio of 1.12 and a beta of 1.25.

Invesco (NYSE:IVZGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.05). The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.28 billion. Invesco had a return on equity of 13.70% and a net margin of 22.72%. Invesco’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 EPS. On average, equities analysts predict that Invesco will post 2.47 EPS for the current fiscal year.

In related news, CAO Terry Vacheron purchased 4,000 shares of the stock in a transaction on Tuesday, May 10th. The shares were purchased at an average cost of $17.40 per share, for a total transaction of $69,600.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,696 shares of the company’s stock, valued at approximately $186,110.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Trian Fund Management, L.P. purchased 1,500,000 shares of the stock in a transaction on Wednesday, March 30th. The stock was bought at an average price of $23.36 per share, for a total transaction of $35,040,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 4,812,609 shares of company stock worth $105,144,447. 1.94% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Trian Fund Management L.P. grew its holdings in shares of Invesco by 18.8% during the first quarter. Trian Fund Management L.P. now owns 54,034,034 shares of the asset manager’s stock worth $1,404,885,000 after purchasing an additional 8,560,175 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of 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 period. BlackRock Inc. lifted its stake in shares of 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 period. State Street Corp lifted its stake in shares of Invesco by 1.5% during the fourth quarter. State Street Corp now owns 17,085,466 shares of the asset manager’s stock valued at $393,307,000 after acquiring an additional 255,634 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Invesco by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 8,935,376 shares of the asset manager’s stock valued at $206,060,000 after acquiring an additional 58,590 shares during the period. Institutional investors own 67.53% of the company’s stock.

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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