Invesco (NYSE:IVZ) Stock Rating Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Invesco from “Buy” to “Hold.” The broader analyst consensus is also “Hold,” with four Buy ratings, twelve Hold ratings, and an average price target of $31.54.
• Invesco shares opened at $30.97, near the consensus target, with a 52-week range of $20.67 to $33.66. The company recently reported quarterly EPS of $0.71, topping estimates of $0.67, while revenue rose 20.5% year over year to $1.33 billion.
• Insiders sold 222,540 shares worth approximately $7.2 million over the past three months. Institutional investors remain significant owners, holding 66.09% of the company’s stock.

Invesco (NYSE:IVZ - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports.

Other equities analysts have also issued reports about the company. Royal Bank Of Canada lowered Invesco from an "outperform" rating to a "hold" rating and set a $39.00 price target for the company. in a research note on Thursday, August 13th. TD Cowen lifted their target price on Invesco from $37.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Keefe, Bruyette & Woods assumed coverage on shares of Invesco in a research report on Wednesday, September 9th. They issued an "outperform" rating and a $39.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Invesco from $29.00 to $29.50 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Invesco from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, June 29th. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $31.54.

Invesco Stock Up 0.9%

IVZ stock opened at $30.97 on Friday. Invesco has a 52 week low of $20.67 and a 52 week high of $33.66. The company has a market capitalization of $13.73 billion, a price-to-earnings ratio of -45.55, a price-to-earnings-growth ratio of 0.44 and a beta of 1.63. The firm's 50-day moving average is $31.43 and its two-hundred day moving average is $28.05. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The business had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same period last year, the firm posted $0.36 earnings per share. The business's revenue was up 20.5% on a year-over-year basis. On average, analysts forecast that Invesco will post 2.83 earnings per share for the current fiscal year.

Insider Activity at Invesco

In other Invesco news, Director Stephanie Butcher sold 45,095 shares of the company's stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $32.28, for a total transaction of $1,455,666.60. Following the transaction, the director owned 10,205 shares of the company's stock, valued at approximately $329,417.40. This represents a 81.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Phoebe A. Wood sold 3,000 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $32.44, for a total value of $97,320.00. Following the completion of the transaction, the director owned 107,111 shares in the company, valued at $3,474,680.84. The trade was a 2.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 222,540 shares of company stock valued at $7,227,167 over the last three months. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Invesco

Institutional investors have recently modified their holdings of the business. SJS Investment Consulting Inc. grew its position in shares of Invesco by 80.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager's stock worth $29,000 after buying an additional 537 shares during the period. Continuum Advisory LLC bought a new position in shares of Invesco in the second quarter valued at approximately $39,000. Root Financial Partners LLC grew its stake in Invesco by 28.2% during the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager's stock valued at $45,000 after acquiring an additional 374 shares in the last quarter. Blue Trust Inc. grew its stake in Invesco by 171.0% during the first quarter. Blue Trust Inc. now owns 1,859 shares of the asset manager's stock valued at $45,000 after acquiring an additional 1,173 shares in the last quarter. Finally, CENTRAL TRUST Co increased its holdings in Invesco by 389.6% during the 1st quarter. CENTRAL TRUST Co now owns 1,875 shares of the asset manager's stock worth $46,000 after acquiring an additional 1,492 shares during the period. Institutional investors own 66.09% of the company's stock.

About Invesco

Invesco Ltd. NYSE: IVZ is a global investment management company that provides investment products and services to individuals, financial advisers, institutions and other clients. The company manages assets across a range of strategies, including active and passive equities, fixed income, multi-asset portfolios, alternatives and private markets.

Its offerings include mutual funds, exchange-traded funds, separately managed accounts, institutional investment mandates and other portfolio solutions.

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