Invesco (NYSE:IVZ) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Invesco (NYSE:IVZ) from a sell rating to a hold rating in a research report released on Friday.

A number of other equities research analysts also recently commented on IVZ. Royal Bank of Canada raised their price objective on shares of Invesco from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. Barclays assumed coverage on Invesco in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 price target for the company. Evercore ISI upped their price objective on Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a report on Tuesday, August 20th. The Goldman Sachs Group raised their target price on Invesco from $17.25 to $17.50 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.71.

Invesco Trading Down 3.3 %

NYSE:IVZ opened at $18.01 on Friday. Invesco has a 12-month low of $12.48 and a 12-month high of $18.79. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68. The stock’s 50 day simple moving average is $17.03 and its 200-day simple moving average is $16.07. The firm has a market cap of $8.10 billion, a P/E ratio of -24.01, a PEG ratio of 1.10 and a beta of 1.44.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. Invesco’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS. Equities analysts anticipate that Invesco will post 1.66 EPS for the current year.

Institutional Trading of Invesco

Several institutional investors and hedge funds have recently modified their holdings of IVZ. Centennial Wealth Advisory LLC increased its stake in shares of Invesco by 3.8% during the 2nd quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock worth $273,000 after purchasing an additional 669 shares in the last quarter. Wright Investors Service Inc. increased its position in Invesco by 2.1% during the first quarter. Wright Investors Service Inc. now owns 46,787 shares of the asset manager’s stock worth $776,000 after buying an additional 944 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Invesco by 1.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock worth $1,001,000 after buying an additional 946 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Invesco by 6.1% in the second quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock worth $249,000 after acquiring an additional 963 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Invesco by 11.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 9,471 shares of the asset manager’s stock valued at $155,000 after acquiring an additional 1,010 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

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.