Invesco (NYSE:IVZ) Stock Rating Upgraded by TD Cowen

Invesco (NYSE:IVZ - Get Free Report) was upgraded by analysts at TD Cowen from a "hold" rating to a "buy" rating in a report released on Monday, Marketbeat.com reports. The firm currently has a $25.00 price target on the asset manager's stock, up from their previous price target of $17.50. TD Cowen's price objective suggests a potential upside of 17.07% from the company's current price.

A number of other equities research analysts have also issued reports on the company. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $16.00 price target (up previously from $14.00) on shares of Invesco in a research note on Thursday, July 10th. Wells Fargo & Company raised shares of Invesco from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $14.50 to $18.00 in a research report on Friday, July 11th. Evercore ISI lifted their price objective on shares of Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Wednesday, April 23rd. Morgan Stanley raised their price objective on Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 2nd. Finally, Bank of America lowered their price objective on Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Fourteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $18.78.

Invesco Stock Down 0.4%

Shares of IVZ stock traded down $0.09 during trading hours on Monday, hitting $21.36. 3,327,098 shares of the company's stock traded hands, compared to its average volume of 5,688,144. The stock's fifty day simple moving average is $15.73 and its two-hundred day simple moving average is $15.84. Invesco has a 12-month low of $11.60 and a 12-month high of $21.68. The stock has a market cap of $9.56 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 1.84 and a beta of 1.48. The company has a quick ratio of 1.37, a current ratio of 0.59 and a debt-to-equity ratio of 0.67.

Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (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 7.97%. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the previous year, the business posted $0.43 earnings per share. Invesco's revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts expect that Invesco will post 1.87 EPS for the current year.

Institutional Trading of Invesco

Several large investors have recently bought and sold shares of the business. Federated Hermes Inc. grew its stake in shares of Invesco by 186.6% in the 1st quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager's stock valued at $30,000 after buying an additional 1,282 shares during the period. SVB Wealth LLC purchased a new stake in shares of Invesco in the 1st quarter valued at approximately $32,000. Colonial Trust Co SC purchased a new stake in shares of Invesco in the 4th quarter valued at approximately $38,000. Aster Capital Management DIFC Ltd grew its stake in shares of Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock valued at $42,000 after buying an additional 1,531 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of Invesco by 45.8% in the 2nd quarter. UMB Bank n.a. now owns 2,623 shares of the asset manager's stock valued at $41,000 after buying an additional 824 shares during the period. Hedge funds and other institutional investors own 66.09% of the company's stock.

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.