Invesco (NYSE:IVZ) had its target price reduced by Morgan Stanley from $40.00 to $37.00 in a research report released on Tuesday, April 10th. They currently have a hold rating on the asset manager’s stock.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research downgraded Invesco from a buy rating to a hold rating in a report on Tuesday, March 6th. ValuEngine downgraded Invesco from a buy rating to a hold rating in a report on Thursday, February 15th. Deutsche Bank upgraded Invesco from a hold rating to a buy rating and reduced their price target for the company from $39.00 to $38.00 in a report on Tuesday, February 13th. Credit Suisse Group restated a buy rating on shares of Invesco in a report on Thursday, February 1st. Finally, Citigroup downgraded Invesco from a buy rating to a neutral rating in a report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $40.21.
IVZ opened at $31.06 on Tuesday. The stock has a market capitalization of $12,711.13, a PE ratio of 11.50, a P/E/G ratio of 1.03 and a beta of 1.71. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.77. Invesco has a 12 month low of $30.19 and a 12 month high of $38.43.
Invesco (NYSE:IVZ) last released its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.03. Invesco had a return on equity of 13.20% and a net margin of 21.85%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.86 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. The company’s quarterly revenue was up 16.3% on a year-over-year basis. analysts predict that Invesco will post 2.97 earnings per share for the current year.
In other news, Director Sarah Beshar acquired 2,970 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average cost of $33.32 per share, with a total value of $98,960.40. Following the transaction, the director now owns 8,837 shares in the company, valued at approximately $294,448.84. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Martin L. Flanagan sold 422,860 shares of Invesco stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $33.12, for a total value of $14,005,123.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 452,860 shares of company stock worth $15,011,173. Insiders own 1.80% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Avestar Capital LLC bought a new stake in shares of Invesco in the 4th quarter worth approximately $137,000. Valeo Financial Advisors LLC bought a new stake in shares of Invesco in the 3rd quarter worth approximately $160,000. Miles Capital Inc. bought a new stake in shares of Invesco in the 4th quarter worth approximately $205,000. Linscomb & Williams Inc. bought a new stake in shares of Invesco in the 4th quarter worth approximately $211,000. Finally, Pineno Levin & Ford Asset Management Inc. bought a new stake in shares of Invesco in the 4th quarter worth approximately $259,000. 82.42% of the stock is currently owned by institutional investors and hedge funds.
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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