Invesco (NYSE:IVZ) Downgraded to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of Invesco (NYSE:IVZ) from a sell rating to a strong sell rating in a research note issued to investors on Friday, ValuEngine reports.

Several other equities analysts have also issued reports on the company. Barclays increased their target price on Invesco from $16.00 to $17.00 and gave the stock an equal weight rating in a research note on Thursday, October 24th. Citigroup set a $16.50 target price on Invesco and gave the stock a hold rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered Invesco from an overweight rating to a neutral rating and set a $22.00 target price on the stock. in a research note on Thursday, September 12th. Morgan Stanley set a $18.00 price target on Invesco and gave the company a hold rating in a research report on Friday, October 25th. Finally, Evercore ISI lowered Invesco from an in-line rating to an underperform rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. Invesco presently has a consensus rating of Hold and a consensus target price of $19.14.

IVZ traded down $0.05 during mid-day trading on Friday, hitting $17.82. 3,852,593 shares of the stock were exchanged, compared to its average volume of 4,864,206. The firm’s fifty day moving average is $16.58 and its two-hundred day moving average is $18.52. Invesco has a 1-year low of $15.15 and a 1-year high of $22.18. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.78. The company has a market cap of $8.22 billion, a PE ratio of 7.33, a PEG ratio of 0.90 and a beta of 1.54.

Invesco (NYSE:IVZ) last posted its earnings results on Wednesday, October 23rd. The asset manager reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.13. Invesco had a return on equity of 10.60% and a net margin of 8.86%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the company earned $0.66 EPS. Invesco’s revenue was up 27.1% on a year-over-year basis. As a group, research analysts anticipate that Invesco will post 2.58 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 6.96%. The ex-dividend date of this dividend is Friday, November 8th. Invesco’s dividend payout ratio is currently 51.03%.

A number of hedge funds have recently bought and sold shares of IVZ. Quest Capital Management Inc. ADV purchased a new position in shares of Invesco in the 3rd quarter valued at about $28,000. TRUE Private Wealth Advisors purchased a new position in shares of Invesco in the 2nd quarter valued at about $29,000. Gables Capital Management Inc. increased its holdings in shares of Invesco by 77.1% in the 3rd quarter. Gables Capital Management Inc. now owns 1,837 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 800 shares during the last quarter. Asset Dedication LLC increased its holdings in shares of Invesco by 142.9% in the 2nd quarter. Asset Dedication LLC now owns 1,700 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Invesco by 333.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,837 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 1,413 shares during the last quarter. 67.25% of the stock is currently owned by 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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Analyst Recommendations for Invesco (NYSE:IVZ)

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