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

Invesco (NYSE:IVZ) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other research firms also recently issued reports on IVZ. Evercore ISI boosted their price target on shares of Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research note on Tuesday, August 20th. Royal Bank of Canada upped their target price on shares of Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. The Goldman Sachs Group cut their target price on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Barclays began coverage on shares of Invesco in a research note on Tuesday. They set an “equal weight” rating and a $18.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price 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 analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.20.

Invesco Price Performance

Invesco stock opened at $17.09 on Friday. The company’s 50 day simple moving average is $16.15 and its 200-day simple moving average is $15.72. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of -22.79, a price-to-earnings-growth ratio of 1.16 and a beta of 1.47. Invesco has a 1 year low of $12.48 and a 1 year high of $18.28. The company has a debt-to-equity ratio of 0.68, a quick ratio of 6.89 and a current ratio of 5.80.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $1.09 billion for 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%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. As a group, equities research analysts expect that Invesco will post 1.65 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Family Firm Inc. acquired a new position in shares of Invesco in the 2nd quarter valued at $28,000. Gables Capital Management Inc. boosted its holdings in shares of Invesco by 74.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock valued at $29,000 after buying an additional 700 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of Invesco in the 2nd quarter valued at $30,000. Quarry LP acquired a new stake in Invesco during the 4th quarter worth $37,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Invesco by 182.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,462 shares of the asset manager’s stock worth $44,000 after purchasing an additional 1,589 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

About Invesco

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.