Invesco (IVZ) Given “Buy” Rating at Barclays

Invesco (NYSE:IVZ)‘s stock had its “buy” rating reiterated by research analysts at Barclays in a research note issued to investors on Thursday. They presently have a $19.00 price target on the asset manager’s stock. Barclays‘s price target would indicate a potential upside of 9.32% from the company’s current price.

A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut Invesco from a “hold” rating to a “strong sell” rating in a report on Tuesday. Citigroup dropped their target price on Invesco from $23.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, December 19th. Wells Fargo & Co cut Invesco from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $27.00 to $22.00 in a report on Tuesday, December 4th. Deutsche Bank dropped their target price on Invesco from $27.00 to $25.00 and set a “buy” rating for the company in a report on Friday, November 16th. Finally, Morgan Stanley dropped their target price on Invesco from $28.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday, November 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $25.73.

Shares of Invesco stock traded down $0.17 on Thursday, reaching $17.38. The company had a trading volume of 6,079,454 shares, compared to its average volume of 4,903,725. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 6.44, a price-to-earnings-growth ratio of 0.85 and a beta of 1.53. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.55 and a current ratio of 1.55. Invesco has a 1 year low of $15.38 and a 1 year high of $38.43.

Invesco (NYSE:IVZ) last announced its earnings results on Thursday, October 18th. The asset manager reported $0.66 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.66. The firm had revenue of $966.90 million during the quarter, compared to analysts’ expectations of $972.49 million. Invesco had a return on equity of 12.25% and a net margin of 21.66%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. Sell-side analysts predict that Invesco will post 2.61 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of IVZ. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Invesco by 80.6% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,689 shares of the asset manager’s stock valued at $130,000 after acquiring an additional 2,539 shares during the period. First Interstate Bank lifted its holdings in shares of Invesco by 66.7% in the 3rd quarter. First Interstate Bank now owns 7,500 shares of the asset manager’s stock worth $172,000 after buying an additional 3,000 shares during the period. Creative Financial Designs Inc. ADV purchased a new stake in shares of Invesco in the 3rd quarter worth $173,000. Cozad Asset Management Inc. purchased a new stake in shares of Invesco in the 2nd quarter worth $210,000. Finally, Gideon Capital Advisors Inc. purchased a new stake in shares of Invesco in the 3rd quarter worth $211,000. Institutional investors own 79.73% 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.

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Analyst Recommendations for Invesco (NYSE:IVZ)

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