Invesco (NYSE:IVZ) Stock Rating Lowered by Wall Street Zen

Invesco (NYSE:IVZ) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

Several other brokerages have also recently commented on IVZ. Keefe, Bruyette & Woods initiated coverage on Invesco in a research report on Wednesday, September 9th. They issued an “outperform” rating and a $39.00 target price for the company. JPMorgan Chase & Co. upped their price target on Invesco from $29.00 to $29.50 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. TD Cowen increased their price objective on Invesco from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Evercore set a $35.00 price objective on Invesco in a research report on Monday, August 10th. Finally, Jefferies Financial Group raised Invesco to a “hold” rating in a research note on Tuesday, June 30th. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Invesco presently has a consensus rating of “Hold” and an average price target of $31.54.

Invesco Stock Up 0.2%

Shares of NYSE:IVZ opened at $30.97 on Friday. The firm has a 50 day simple moving average of $31.43 and a 200 day simple moving average of $28.08. Invesco has a 52 week low of $20.67 and a 52 week high of $33.66. 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 company has a market cap of $13.73 billion, a PE ratio of -45.55, a price-to-earnings-growth ratio of 0.45 and a beta of 1.63.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company posted $0.36 EPS. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. As a group, research analysts expect that Invesco will post 2.82 earnings per share for the current year.

Insider Buying and Selling at Invesco

In other Invesco news, Director Stephanie Butcher sold 45,095 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $32.28, for a total value of $1,455,666.60. Following the completion of the sale, the director directly owned 10,205 shares of the company’s stock, valued at $329,417.40. The trade was a 81.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Laura Dukes sold 31,075 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $33.16, for a total transaction of $1,030,447.00. Following the completion of the sale, the chief financial officer directly owned 259,183 shares of the company’s stock, valued at $8,594,508.28. This represents a 10.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 222,540 shares of company stock valued at $7,227,167 over the last three months. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Invesco

A number of large investors have recently bought and sold shares of the business. SJS Investment Consulting Inc. boosted its stake in shares of Invesco by 80.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after acquiring an additional 537 shares in the last quarter. Continuum Advisory LLC bought a new position in shares of Invesco in the 2nd quarter valued at approximately $39,000. Root Financial Partners LLC lifted its holdings in Invesco by 28.2% in the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after purchasing an additional 374 shares during the last quarter. Blue Trust Inc. lifted its holdings in Invesco by 171.0% in the 1st quarter. Blue Trust Inc. now owns 1,859 shares of the asset manager’s stock worth $45,000 after purchasing an additional 1,173 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its position in Invesco by 389.6% during the first quarter. CENTRAL TRUST Co now owns 1,875 shares of the asset manager’s stock worth $46,000 after purchasing an additional 1,492 shares during the period. 66.09% of the stock is currently owned by institutional investors.

About Invesco

Invesco Ltd. (NYSE: IVZ) is a global investment management company that provides investment products and services to individuals, financial advisers, institutions and other clients. The company manages assets across a range of strategies, including active and passive equities, fixed income, multi-asset portfolios, alternatives and private markets.

Its offerings include mutual funds, exchange-traded funds, separately managed accounts, institutional investment mandates and other portfolio solutions.