Other equities research analysts also recently issued research reports about the company. Deutsche Bank upgraded Invesco from a hold rating to a buy rating and dropped their target price for the stock from $39.00 to $38.00 in a research report on Tuesday, February 13th. Zacks Investment Research upgraded Invesco from a hold rating to a buy rating and set a $37.00 price objective for the company in a report on Friday, February 9th. Credit Suisse Group reiterated a buy rating on shares of Invesco in a report on Thursday, February 1st. JPMorgan Chase set a $45.00 price objective on Invesco and gave the company a buy rating in a report on Monday, January 8th. Finally, Royal Bank of Canada set a $47.00 price objective on Invesco and gave the company a buy rating in a report on Saturday, December 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $40.21.
IVZ stock opened at $30.53 on Tuesday. The firm has a market cap of $12,548.27, a PE ratio of 11.31, a PEG ratio of 1.01 and a beta of 1.71. Invesco has a twelve month low of $30.10 and a twelve month high of $38.43. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.77.
Invesco (NYSE:IVZ) last released its earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $982.86 million. Invesco had a return on equity of 13.20% and a net margin of 21.85%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 earnings per share. equities research analysts predict that Invesco will post 2.99 earnings per share for the current fiscal year.
In other Invesco news, insider Kevin M. Carome sold 25,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $33.38, for a total value of $834,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Annette Lege sold 5,000 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $34.31, for a total value of $171,550.00. The disclosure for this sale can be found here. Insiders sold 452,860 shares of company stock valued at $15,011,173 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in IVZ. Avestar Capital LLC bought a new stake in shares of Invesco in the fourth quarter worth about $137,000. Valeo Financial Advisors LLC bought a new stake in shares of Invesco in the third quarter worth about $160,000. Miles Capital Inc. bought a new stake in shares of Invesco in the fourth quarter worth about $205,000. Linscomb & Williams Inc. bought a new stake in shares of Invesco in the fourth quarter worth about $211,000. Finally, Pineno Levin & Ford Asset Management Inc. bought a new stake in shares of Invesco in the fourth quarter worth about $259,000. Institutional investors own 82.11% of the company’s stock.
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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.
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