StockNews.com Upgrades Invesco (NYSE:IVZ) to “Hold”

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

Several other equities research analysts have also weighed in on the company. Barclays initiated coverage on Invesco in a research report on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Wells Fargo & Company upped their target price on shares of Invesco from $16.00 to $16.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 9th. Evercore ISI lifted their price target on Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada increased their price objective on Invesco from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Invesco presently has a consensus rating of “Hold” and a consensus target price of $17.42.

Invesco Stock Up 1.9 %

Shares of NYSE:IVZ opened at $18.63 on Friday. The company’s fifty day moving average is $17.03 and its two-hundred day moving average is $16.07. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80. Invesco has a 1-year low of $12.48 and a 1-year high of $18.79. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of -24.84, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44.

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

Institutional Investors Weigh In On Invesco

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

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.