Invesco (NYSE:IVZ) Stock Rating Upgraded by BMO Capital Markets

Invesco (NYSE:IVZ - Get Free Report) was upgraded by investment analysts at BMO Capital Markets to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other research analysts also recently commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Invesco in a research note on Saturday, September 27th. TD Cowen upgraded shares of Invesco from a "hold" rating to a "buy" rating and upped their target price for the company from $17.50 to $25.00 in a research note on Monday, July 21st. Barclays lifted their price target on Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 23rd. Evercore ISI reissued a "positive" rating on shares of Invesco in a report on Friday, September 5th. Finally, Zacks Research raised Invesco to a "hold" rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $20.92.

Invesco Price Performance

IVZ stock opened at $24.05 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88. Invesco has a 52-week low of $11.60 and a 52-week high of $24.21. The stock's 50 day moving average is $21.84 and its two-hundred day moving average is $17.48. The company has a market capitalization of $10.72 billion, a PE ratio of 25.86, a P/E/G ratio of 1.33 and a beta of 1.66.

Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). Invesco had a net margin of 10.68% and a return on equity of 8.60%. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter last year, the company posted $0.43 earnings per share. The business's quarterly revenue was up 2.2% compared to the same quarter last year. Analysts predict that Invesco will post 1.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Invesco

In other news, Director Stephanie Butcher sold 103,192 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the sale, the director directly owned 29,855 shares in the company, valued at approximately $660,392.60. This represents a 77.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.21% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IVZ. D.A. Davidson & CO. increased its stake in shares of Invesco by 1.6% in the 1st quarter. D.A. Davidson & CO. now owns 47,462 shares of the asset manager's stock valued at $720,000 after acquiring an additional 755 shares during the last quarter. IFP Advisors Inc grew its holdings in Invesco by 55.7% during the second quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager's stock valued at $34,000 after purchasing an additional 761 shares during the period. Forum Financial Management LP increased its stake in Invesco by 4.8% in the second quarter. Forum Financial Management LP now owns 17,327 shares of the asset manager's stock valued at $273,000 after purchasing an additional 791 shares in the last quarter. EP Wealth Advisors LLC increased its stake in Invesco by 6.8% in the first quarter. EP Wealth Advisors LLC now owns 12,477 shares of the asset manager's stock valued at $189,000 after purchasing an additional 792 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Invesco by 0.8% in the second quarter. Russell Investments Group Ltd. now owns 102,584 shares of the asset manager's stock worth $1,618,000 after purchasing an additional 792 shares during the period. 66.09% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.