Invesco (NYSE:IVZ – Get Rating) had its price objective decreased by investment analysts at Citigroup from $26.00 to $22.50 in a research report issued on Wednesday, April 27th, The Fly reports. Citigroup’s price target would suggest a potential upside of 12.78% from the company’s previous close.
Other research analysts also recently issued reports about the company. The Goldman Sachs Group upped their price target on Invesco from $23.00 to $24.50 and gave the stock a “neutral” rating in a research note on Thursday, March 31st. Morgan Stanley dropped their price target on Invesco from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, April 25th. StockNews.com began coverage on Invesco in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Keefe, Bruyette & Woods downgraded Invesco from an “outperform” rating to a “market perform” rating and set a $25.00 price target for the company. in a research note on Tuesday, April 12th. Finally, Bank of America dropped their price target on Invesco from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, January 26th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Invesco has a consensus rating of “Hold” and a consensus target price of $25.82.
Shares of NYSE:IVZ traded up $1.15 during mid-day trading on Wednesday, reaching $19.95. 5,047,020 shares of the company traded hands, compared to its average volume of 5,064,888. The company’s 50 day moving average price is $20.97 and its 200-day moving average price is $22.77. The firm has a market cap of $9.19 billion, a PE ratio of 6.74, a PEG ratio of 1.17 and a beta of 1.25. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.35 and a quick ratio of 3.79. Invesco has a 52 week low of $18.19 and a 52 week high of $29.71.
In other news, major shareholder Mutual Life Insu Massachusetts purchased 1,349,650 shares of the business’s stock in a transaction dated Friday, March 4th. The shares were purchased at an average price of $19.01 per share, for a total transaction of $25,656,846.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Trian Fund Management, L.P. purchased 250,062 shares of the business’s stock in a transaction dated Monday, April 4th. The shares were purchased at an average price of $23.46 per share, for a total transaction of $5,866,454.52. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 8,455,690 shares of company stock worth $181,071,234. Insiders own 1.94% of the company’s stock.
Several institutional investors have recently made changes to their positions in IVZ. Concord Wealth Partners increased its stake in shares of Invesco by 257.6% during the third quarter. Concord Wealth Partners now owns 1,112 shares of the asset manager’s stock valued at $27,000 after buying an additional 801 shares during the period. MCF Advisors LLC increased its stake in shares of Invesco by 69.9% during the fourth quarter. MCF Advisors LLC now owns 1,252 shares of the asset manager’s stock valued at $29,000 after buying an additional 515 shares during the period. McIlrath & Eck LLC increased its stake in shares of Invesco by 224.9% during the third quarter. McIlrath & Eck LLC now owns 1,280 shares of the asset manager’s stock valued at $31,000 after buying an additional 886 shares during the period. Capital Analysts LLC increased its stake in shares of Invesco by 103.8% during the fourth quarter. Capital Analysts LLC now owns 1,339 shares of the asset manager’s stock valued at $31,000 after buying an additional 682 shares during the period. Finally, CENTRAL TRUST Co purchased a new position in shares of Invesco during the first quarter valued at $31,000. Hedge funds and other institutional investors own 67.53% of the company’s stock.
About Invesco (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Invesco (IVZ)
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