Invesco (NYSE:IVZ) Rating Lowered to Hold at Wall Street Zen

Invesco (NYSE:IVZ) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other analysts have also issued reports on IVZ. Jefferies Financial Group upgraded shares of Invesco to a “hold” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. increased their price target on shares of Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. The Goldman Sachs Group boosted their price objective on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, TD Cowen upped their price objective on Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Invesco currently has a consensus rating of “Hold” and an average target price of $30.12.

Invesco Trading Up 0.5%

Shares of NYSE:IVZ opened at $31.73 on Friday. The stock has a market capitalization of $14.07 billion, a price-to-earnings ratio of -46.66, a PEG ratio of 0.51 and a beta of 1.62. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31. The stock’s 50-day simple moving average is $28.69 and its two-hundred day simple moving average is $26.81. Invesco has a 52-week low of $20.41 and a 52-week high of $32.55.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the company posted $0.36 EPS. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. Analysts expect that Invesco will post 2.8 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IVZ. California State Teachers Retirement System raised its holdings in shares of Invesco by 23.4% in the first quarter. California State Teachers Retirement System now owns 417,476 shares of the asset manager’s stock worth $10,140,000 after buying an additional 79,273 shares during the period. Vanguard Group Inc. boosted its holdings in Invesco by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after acquiring an additional 947,693 shares during the period. F m Investments LLC purchased a new position in Invesco during the 4th quarter valued at $1,593,000. Teachers Retirement System of The State of Kentucky grew its position in Invesco by 2,633.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 960,441 shares of the asset manager’s stock valued at $23,330,000 after acquiring an additional 925,300 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Invesco by 5.5% in the 1st quarter. Principal Financial Group Inc. now owns 824,547 shares of the asset manager’s stock valued at $20,028,000 after acquiring an additional 43,322 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Company Profile

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.