Invesco (NYSE:IVZ - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Monday, Zacks reports.
Other research analysts also recently issued research reports about the company. TD Cowen upped their price objective on Invesco from $37.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Jefferies Financial Group raised shares of Invesco to a "hold" rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. increased their price objective on Invesco from $29.00 to $29.50 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Royal Bank Of Canada lowered Invesco from an "outperform" rating to a "hold" rating and set a $39.00 target price for the company. in a research report on Thursday, August 13th. Finally, Weiss Ratings upgraded Invesco from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $30.88.
Read Our Latest Stock Analysis on IVZ
Invesco Stock Down 2.2%
Shares of IVZ opened at $32.33 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31. Invesco has a 52 week low of $20.67 and a 52 week high of $33.66. The stock has a market capitalization of $14.33 billion, a price-to-earnings ratio of -47.55, a PEG ratio of 0.48 and a beta of 1.63. The stock has a fifty day moving average of $30.71 and a 200-day moving average of $27.58.
Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.Invesco's quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS. As a group, sell-side analysts anticipate that Invesco will post 2.82 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Invesco
A number of institutional investors have recently modified their holdings of IVZ. California State Teachers Retirement System raised its holdings in shares of Invesco by 23.4% in the 1st quarter. California State Teachers Retirement System now owns 417,476 shares of the asset manager's stock worth $10,140,000 after acquiring an additional 79,273 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Invesco by 2,633.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 960,441 shares of the asset manager's stock worth $23,330,000 after purchasing an additional 925,300 shares in the last quarter. Sonoma Allocations LLC purchased a new stake in shares of Invesco in the second quarter worth approximately $11,797,000. Principal Financial Group Inc. lifted its holdings in shares of Invesco by 5.5% in the first quarter. Principal Financial Group Inc. now owns 824,547 shares of the asset manager's stock valued at $20,028,000 after purchasing an additional 43,322 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Invesco by 5.6% during the first quarter. Bank of New York Mellon Corp now owns 3,431,694 shares of the asset manager's stock valued at $83,356,000 after buying an additional 182,060 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.
About Invesco
(
Get Free Report)
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.
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