Invesco (NYSE:IVZ) Downgraded to Sell at StockNews.com

Invesco (NYSE:IVZ - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Friday.

Several other equities research analysts have also recently commented on the stock. Morgan Stanley boosted their price target on shares of Invesco from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 17th. BMO Capital Markets reissued a "market perform" rating and set a $17.00 target price (down from $18.00) on shares of Invesco in a research note on Wednesday, April 24th. UBS Group decreased their price target on shares of Invesco from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Monday, January 29th. TD Cowen cut their price objective on Invesco from $21.00 to $19.50 and set a "buy" rating for the company in a research report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $17.00 price objective (down from $19.00) on shares of Invesco in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $16.79.

Invesco Price Performance

Shares of NYSE IVZ traded up $0.31 during mid-day trading on Friday, reaching $14.84. 5,526,736 shares of the company traded hands, compared to its average volume of 4,760,545. Invesco has a fifty-two week low of $12.48 and a fifty-two week high of $18.71. The firm has a market cap of $6.67 billion, a PE ratio of -19.79, a price-to-earnings-growth ratio of 1.09 and a beta of 1.45. The stock has a fifty day simple moving average of $15.59 and a 200-day simple moving average of $15.46. The company has a debt-to-equity ratio of 0.54, a current ratio of 5.01 and a quick ratio of 5.01.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.07). Invesco had a negative net margin of 1.74% and a positive return on equity of 7.11%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business posted $0.38 earnings per share. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts anticipate that Invesco will post 1.65 EPS for the current fiscal year.

Institutional Trading of Invesco

A number of hedge funds have recently made changes to their positions in the stock. Gables Capital Management Inc. increased its stake in Invesco by 74.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager's stock valued at $29,000 after buying an additional 700 shares during the period. Orion Capital Management LLC acquired a new position in shares of Invesco in the third quarter worth $25,000. Pinnacle Bancorp Inc. raised its holdings in shares of Invesco by 100.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager's stock worth $36,000 after acquiring an additional 1,000 shares in the last quarter. Quarry LP purchased a new stake in shares of Invesco during the fourth quarter worth $37,000. Finally, Jones Financial Companies Lllp acquired a new stake in Invesco during the third quarter valued at $32,000. 66.09% of the stock is owned by hedge funds and other 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.

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