Invesco’s (IVZ) “Market Perform” Rating Reaffirmed at Keefe, Bruyette & Woods

Invesco (NYSE:IVZ)‘s stock had its “market perform” rating reissued by Keefe, Bruyette & Woods in a report issued on Wednesday, Benzinga reports. They presently have a $17.00 price target on the asset manager’s stock, down from their previous price target of $19.00. Keefe, Bruyette & Woods’ target price suggests a potential upside of 17.16% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. TD Cowen began coverage on shares of Invesco in a report on Thursday, January 4th. They set an “outperform” rating and a $21.00 target price on the stock. TheStreet lowered shares of Invesco from a “b-” rating to a “c” rating in a research note on Friday, February 23rd. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Royal Bank of Canada boosted their price target on Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 18th. Finally, The Goldman Sachs Group cut their price objective on Invesco from $18.00 to $17.75 and set a “neutral” rating for the company in a research report on Thursday, April 11th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Invesco currently has an average 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 stock has a market capitalization of $6.52 billion, a PE ratio of -19.35, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. The company’s 50-day moving average price is $15.70 and its two-hundred day moving average price is $15.43. The company has a debt-to-equity ratio of 0.54, a current ratio of 5.01 and a quick ratio of 5.01. Invesco has a one year low of $12.48 and a one year high of $18.71.

Invesco (NYSE:IVZ) last posted its quarterly 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). Invesco had a negative net margin of 1.74% and a positive return on equity of 7.11%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts forecast that Invesco will post 1.75 EPS for the current fiscal year.

Institutional Trading of Invesco

Several institutional investors have recently added to or reduced their stakes in IVZ. IRON Financial LLC lifted its holdings in shares of Invesco by 9.1% during the first quarter. IRON Financial LLC now owns 12,116 shares of the asset manager’s stock worth $201,000 after buying an additional 1,013 shares in the last quarter. Live Oak Private Wealth LLC raised its stake in Invesco by 4.3% in the 1st quarter. Live Oak Private Wealth LLC now owns 319,199 shares of the asset manager’s stock worth $5,296,000 after purchasing an additional 13,016 shares in the last quarter. Amalgamated Bank boosted its holdings in Invesco by 5.7% in the 1st quarter. Amalgamated Bank now owns 131,032 shares of the asset manager’s stock valued at $2,174,000 after purchasing an additional 7,056 shares during the period. Insight Folios Inc grew its position in shares of Invesco by 2.0% during the 1st quarter. Insight Folios Inc now owns 390,278 shares of the asset manager’s stock worth $6,475,000 after purchasing an additional 7,777 shares in the last quarter. Finally, Norden Group LLC bought a new position in shares of Invesco during the first quarter worth approximately $450,000. 66.09% of the stock is currently owned by institutional investors.

About Invesco

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.