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

StockNews.com lowered shares of Invesco (NYSE:IVZGet Rating) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Other research analysts also recently issued research reports about the stock. Morgan Stanley cut their price target on shares of Invesco from $26.00 to $25.00 and set an equal weight rating on the stock in a report on Monday, April 25th. Keefe, Bruyette & Woods downgraded shares of Invesco from an outperform rating to a market perform rating and set a $25.00 price target on the stock. in a report on Tuesday, April 12th. Royal Bank of Canada dropped their target price on shares of Invesco from $26.00 to $23.00 in a report on Tuesday, January 25th. BMO Capital Markets dropped their target price on shares of Invesco from $33.00 to $29.00 and set an outperform rating on the stock in a report on Wednesday, January 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Invesco from $26.00 to $24.00 in a report on Wednesday, April 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Invesco has a consensus rating of Hold and an average target price of $25.82.

Invesco stock opened at $17.71 on Monday. The company has a market capitalization of $8.16 billion, a P/E ratio of 6.21, a P/E/G ratio of 1.17 and a beta of 1.25. The firm’s fifty day simple moving average is $20.80 and its 200-day simple moving average is $22.58. The company has a current ratio of 4.21, a quick ratio of 3.79 and a debt-to-equity ratio of 0.77. Invesco has a 1-year low of $17.52 and a 1-year high of $29.71.

Invesco (NYSE:IVZGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The asset manager reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.06). The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.28 billion. Invesco had a net margin of 22.72% and a return on equity of 13.70%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 EPS. On average, equities research analysts predict that Invesco will post 2.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Tuesday, May 10th will be given a $0.188 dividend. This represents a $0.75 annualized dividend and a yield of 4.25%. This is a positive change from Invesco’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, May 9th. Invesco’s dividend payout ratio (DPR) is currently 23.86%.

In other news, CEO Martin L. Flanagan sold 189,708 shares of Invesco stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $19.51, for a total transaction of $3,701,203.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Trian Fund Management, L.P. bought 1,026,508 shares of the firm’s stock in a transaction dated Wednesday, March 23rd. The shares were acquired at an average price of $21.52 per share, for a total transaction of $22,090,452.16. The disclosure for this purchase can be found here. Insiders acquired a total of 8,455,690 shares of company stock worth $181,071,234 over the last 90 days. Company insiders own 1.94% of the company’s stock.

Institutional investors have recently modified their holdings of the company. MCF Advisors LLC boosted its position in shares of Invesco by 69.9% during the 4th quarter. MCF Advisors LLC now owns 1,252 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 515 shares in the last quarter. McIlrath & Eck LLC boosted its position in shares of Invesco by 224.9% during the 3rd quarter. McIlrath & Eck LLC now owns 1,280 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 886 shares in the last quarter. Capital Analysts LLC boosted its position in shares of Invesco by 103.8% during the 4th quarter. Capital Analysts LLC now owns 1,339 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 682 shares in the last quarter. CENTRAL TRUST Co acquired a new stake in shares of Invesco during the 1st quarter valued at about $31,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Invesco during the 1st quarter valued at about $32,000. Institutional investors and hedge funds 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.

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