Weiss Ratings Reiterates "Hold (C)" Rating for Invesco (NYSE:IVZ)

Invesco (NYSE:IVZ - Get Free Report)'s stock had its "hold (c)" rating reissued by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other brokerages have also recently issued reports on IVZ. Barclays increased their price objective on Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 23rd. The Goldman Sachs Group increased their price objective on Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a report on Friday, June 27th. Royal Bank Of Canada reissued a "sector perform" rating and set a $16.00 price objective (up previously from $14.00) on shares of Invesco in a report on Thursday, July 10th. Zacks Research raised Invesco to a "hold" rating in a report on Tuesday, August 12th. Finally, Bank of America raised their price target on Invesco from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Invesco currently has a consensus rating of "Hold" and a consensus price target of $21.58.

Invesco Stock Performance

Shares of IVZ opened at $24.00 on Wednesday. The stock's 50-day simple moving average is $21.99 and its 200 day simple moving average is $17.66. The stock has a market capitalization of $10.70 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 1.19 and a beta of 1.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.30. Invesco has a 52-week low of $11.60 and a 52-week high of $24.54.

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

Insider Buying and Selling at Invesco

In related news, Director Stephanie Butcher sold 103,192 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 29,855 shares of the company's stock, valued at approximately $660,392.60. This trade represents a 77.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.21% of the company's stock.

Hedge Funds Weigh In On Invesco

Large investors have recently modified their holdings of the company. Jump Financial LLC raised its holdings in shares of Invesco by 30.2% during the 1st quarter. Jump Financial LLC now owns 231,218 shares of the asset manager's stock valued at $3,508,000 after buying an additional 53,608 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of Invesco by 8.5% during the 1st quarter. New York State Teachers Retirement System now owns 405,269 shares of the asset manager's stock valued at $6,148,000 after buying an additional 31,643 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Invesco by 177.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager's stock valued at $21,213,000 after buying an additional 894,105 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Invesco by 25.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 199,155 shares of the asset manager's stock valued at $3,021,000 after buying an additional 40,665 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Invesco by 24.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,488 shares of the asset manager's stock valued at $296,000 after buying an additional 3,778 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

About Invesco

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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