Invesco (NYSE:IVZ) Downgraded by StockNews.com

Invesco (NYSE:IVZ – Get Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Other analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods cut Invesco from an “outperform” rating to a “market perform” rating and set a $25.00 price target for the company. in a research report on Tuesday, April 12th. Morgan Stanley decreased their target price on Invesco from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, April 25th. Citigroup cut their price target on shares of Invesco from $26.00 to $22.50 in a report on Wednesday, April 27th. The Goldman Sachs Group lifted their price objective on shares of Invesco from $23.00 to $24.50 and gave the company a “neutral” rating in a research note on Thursday, March 31st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Invesco from $24.00 to $21.00 in a research note on Thursday, May 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.55.

Shares of IVZ stock traded up $0.30 during trading hours on Friday, reaching $19.54. 1,967,067 shares of the company’s stock were exchanged, compared to its average volume of 4,817,103. Invesco has a 1 year low of $16.76 and a 1 year high of $29.71. The company has a current ratio of 4.21, a quick ratio of 4.21 and a debt-to-equity ratio of 0.77. The stock has a market cap of $8.89 billion, a PE ratio of 6.86, a PEG ratio of 1.17 and a beta of 1.25. The stock’s fifty day moving average price is $20.26 and its two-hundred day moving average price is $21.93.

Invesco (NYSE:IVZ – Get Rating) last released its earnings results on Tuesday, April 26th. The asset manager reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.05). The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Invesco had a return on equity of 13.70% and a net margin of 22.72%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. On average, equities analysts expect that Invesco will post 2.58 EPS for the current fiscal year.

In other Invesco news, major shareholder Trian Fund Management, L.P. bought 1,026,508 shares of Invesco stock in a transaction dated Wednesday, March 23rd. The stock was acquired at an average cost of $21.52 per share, with a total value of $22,090,452.16. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Terry Vacheron purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was bought at an average cost of $17.40 per share, for a total transaction of $69,600.00. Following the purchase, the chief accounting officer now directly owns 10,696 shares in the company, valued at approximately $186,110.40. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 8,459,690 shares of company stock worth $181,140,834. 1.94% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. MCF Advisors LLC lifted its holdings in Invesco by 69.9% in the 4th quarter. MCF Advisors LLC now owns 1,252 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 515 shares in the last quarter. Capital Analysts LLC grew its stake in 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 Invesco in the 1st quarter valued at about $31,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in Invesco in the 1st quarter worth approximately $32,000. Finally, Masso Torrence Wealth Management Inc. acquired a new position in shares of Invesco during the 4th quarter worth approximately $38,000. 67.53% of the stock is currently owned by hedge funds and other institutional investors.

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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