Invesco (NYSE:IVZ) PT Lowered to $19.50

Invesco (NYSE:IVZ) had its target price reduced by equities research analysts at TD Cowen from $21.00 to $19.50 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the asset manager’s stock. TD Cowen’s price target would indicate a potential upside of 34.39% from the stock’s previous close.

IVZ has been the topic of a number of other research reports. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. UBS Group reduced their target price on Invesco from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, January 29th. JPMorgan Chase & Co. reduced their target price on Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a report on Wednesday. TheStreet cut Invesco from a “b-” rating to a “c” rating in a research note on Friday, February 23rd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $17.00 price target (down from $19.00) on shares of Invesco in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $16.79.

Invesco Trading Down 0.1 %

Shares of NYSE:IVZ opened at $14.51 on Wednesday. The company has a market capitalization of $6.52 billion, a P/E ratio of -19.35, a P/E/G ratio of 0.96 and a beta of 1.44. Invesco has a 1 year low of $12.48 and a 1 year high of $18.71. The company has a debt-to-equity ratio of 0.54, a current ratio of 5.01 and a quick ratio of 5.01. The business’s 50 day simple moving average is $15.70 and its 200 day simple moving average is $15.43.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.11%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. On average, research analysts anticipate that Invesco will post 1.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IVZ. Orion Capital Management LLC bought a new position in Invesco during the 3rd quarter worth $25,000. Gables Capital Management Inc. raised its position in Invesco by 74.9% during the 4th quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock worth $29,000 after purchasing an additional 700 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Invesco during the 3rd quarter worth $32,000. Sentry Investment Management LLC bought a new position in Invesco during the 3rd quarter worth $36,000. Finally, Pinnacle Bancorp Inc. raised its position in Invesco by 100.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock worth $36,000 after purchasing an additional 1,000 shares during the last quarter. 66.09% of the stock is owned by institutional investors.

Invesco Company Profile

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.