Invesco (NYSE:IVZ) Rating Increased to Hold at StockNews.com

Invesco (NYSE:IVZ) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other brokerages have also commented on IVZ. The Goldman Sachs Group upped their price objective on shares of Invesco from $17.25 to $17.50 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price objective on shares of Invesco from $16.00 to $16.50 and gave the stock an “underweight” rating in a report on Wednesday, October 9th. Barclays started coverage on shares of Invesco in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 price objective for the company. 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 report on Thursday, August 15th. Finally, Evercore ISI upped their target price on shares of Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $17.42.

Invesco Trading Up 0.6 %

NYSE:IVZ opened at $18.29 on Friday. The company has a fifty day moving average of $16.98 and a 200 day moving average of $16.06. Invesco has a 52 week low of $12.48 and a 52 week high of $18.35. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $8.23 billion, a P/E ratio of -24.38, a P/E/G ratio of 1.10 and a beta of 1.44.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business posted $0.31 EPS. The firm’s revenue was down .4% compared to the same quarter last year. On average, research analysts predict that Invesco will post 1.66 earnings per share for the current year.

Institutional Trading of Invesco

A number of institutional investors have recently made changes to their positions in the stock. Claro Advisors LLC purchased a new stake in shares of Invesco during the 3rd quarter valued at about $253,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Invesco by 1.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock valued at $1,378,000 after acquiring an additional 1,020 shares during the last quarter. B.O.S.S. Retirement Advisors LLC boosted its holdings in shares of Invesco by 3.5% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 72,037 shares of the asset manager’s stock valued at $1,265,000 after acquiring an additional 2,416 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of Invesco during the 3rd quarter valued at about $4,889,000. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Invesco by 1,509.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,390 shares of the asset manager’s stock valued at $112,000 after acquiring an additional 5,993 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 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.