Invesco (NYSE:IVZ) Stock Rating Lowered by Wall Street Zen

Invesco (NYSE:IVZ) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Invesco in a report on Monday, December 29th. Argus set a $31.00 target price on shares of Invesco in a research report on Wednesday, January 28th. BMO Capital Markets raised their price target on shares of Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Fundamental Research set a $27.00 price objective on Invesco in a report on Friday, October 31st. Finally, The Goldman Sachs Group increased their price objective on Invesco from $29.50 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $28.46.

Invesco Stock Down 3.1%

NYSE IVZ opened at $26.26 on Friday. The stock’s 50 day simple moving average is $27.35 and its 200 day simple moving average is $24.70. Invesco has a one year low of $11.60 and a one year high of $29.61. The firm has a market cap of $11.69 billion, a PE ratio of -16.41, a price-to-earnings-growth ratio of 0.49 and a beta of 1.69. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.38 and a quick ratio of 1.23.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. As a group, sell-side analysts forecast that Invesco will post 1.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Invesco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CNB Bank bought a new position in Invesco during the third quarter worth about $26,000. American National Bank & Trust acquired a new stake in shares of Invesco in the 4th quarter valued at approximately $31,000. Sentry Investment Management LLC bought a new position in Invesco during the 3rd quarter worth approximately $30,000. Root Financial Partners LLC bought a new position in Invesco during the 3rd quarter worth approximately $30,000. Finally, Larson Financial Group LLC grew its holdings in Invesco by 61.5% during the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 558 shares during the period. Institutional investors own 66.09% of the company’s stock.

Invesco Company Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.