Several other equities analysts have also commented on IVZ. Bank of America reduced their price target on Invesco from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 26th. The Goldman Sachs Group boosted their price target on Invesco from $23.00 to $24.50 and gave the stock a “neutral” rating in a research report on Thursday, March 31st. Royal Bank of Canada reduced their price target on Invesco from $26.00 to $23.00 in a research report on Tuesday, January 25th. Citigroup dropped their price objective on Invesco from $26.00 to $22.50 in a report on Wednesday, April 27th. Finally, Keefe, Bruyette & Woods downgraded Invesco from an “outperform” rating to a “market perform” rating and set a $25.00 price objective on the stock. in a report on Tuesday, April 12th. Six research analysts have rated the stock with 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.
NYSE IVZ opened at $17.69 on Tuesday. The business’s 50-day simple moving average is $20.60 and its 200-day simple moving average is $22.31. The firm has a market capitalization of $8.05 billion, a P/E ratio of 6.21, a P/E/G ratio of 1.13 and a beta of 1.25. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.21 and a quick ratio of 4.21. Invesco has a 1-year low of $16.76 and a 1-year high of $29.71.
In other news, major shareholder Trian Fund Management, L.P. purchased 1,500,000 shares of the stock in a transaction dated Wednesday, March 30th. The stock was acquired at an average cost of $23.36 per share, for a total transaction of $35,040,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gregory Mcgreevey sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 8th. The shares were sold at an average price of $19.60, for a total value of $3,920,000.00. The disclosure for this sale can be found here. Insiders bought a total of 8,459,690 shares of company stock valued at $181,140,834 over the last quarter. Company insiders own 1.94% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP acquired a new position in Invesco during the 1st quarter worth $396,000. Mackenzie Financial Corp boosted its position in Invesco by 10.9% during the 3rd quarter. Mackenzie Financial Corp now owns 9,026 shares of the asset manager’s stock worth $218,000 after acquiring an additional 889 shares during the period. CIBC Asset Management Inc boosted its position in Invesco by 4.7% during the 3rd quarter. CIBC Asset Management Inc now owns 37,403 shares of the asset manager’s stock worth $902,000 after acquiring an additional 1,682 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Invesco by 248.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 24,090 shares of the asset manager’s stock worth $581,000 after acquiring an additional 17,175 shares during the period. Finally, Creative Planning acquired a new position in Invesco during the 3rd quarter worth $237,000. Hedge funds and other institutional investors own 67.53% of the company’s stock.
Invesco Company Profile (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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