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.
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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