Invesco (NYSE:IVZ) Upgraded to Sell by ValuEngine

ValuEngine upgraded shares of Invesco (NYSE:IVZ) from a strong sell rating to a sell rating in a research note released on Tuesday morning, ValuEngine reports.

IVZ has been the topic of a number of other research reports. Morgan Stanley set a $18.00 price target on shares of Invesco and gave the stock a hold rating in a research note on Friday, October 25th. Barclays reiterated a hold rating and set a $16.00 target price on shares of Invesco in a research note on Wednesday, October 9th. BMO Capital Markets initiated coverage on Invesco in a report on Monday, October 7th. They issued a market perform rating and a $18.00 target price for the company. JPMorgan Chase & Co. lowered Invesco from an overweight rating to a neutral rating and set a $22.00 target price for the company. in a report on Thursday, September 12th. Finally, Zacks Investment Research downgraded Invesco from a buy rating to a hold rating and set a $19.00 price objective on the stock. in a research note on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $19.05.

IVZ stock opened at $16.69 on Tuesday. The business has a 50 day moving average of $17.13 and a 200 day moving average of $18.05. The firm has a market cap of $7.97 billion, a PE ratio of 6.87, a price-to-earnings-growth ratio of 0.87 and a beta of 1.55. Invesco has a twelve month low of $15.15 and a twelve month high of $22.18. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.78.

Invesco (NYSE:IVZ) last released its earnings results on Wednesday, October 23rd. The asset manager reported $0.70 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 business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 27.1% compared to the same quarter last year. On average, research analysts expect that Invesco will post 2.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.24 annualized dividend and a dividend yield of 7.43%. Invesco’s dividend payout ratio (DPR) is presently 51.03%.

Several hedge funds have recently added to or reduced their stakes in the stock. TRUE Private Wealth Advisors bought a new position in shares of Invesco during the second quarter valued at approximately $29,000. Quest Capital Management Inc. ADV purchased a new position in Invesco during the 3rd quarter valued at about $28,000. Captrust Financial Advisors lifted its holdings in Invesco by 333.3% during the second quarter. Captrust Financial Advisors now owns 1,837 shares of the asset manager’s stock worth $38,000 after buying an additional 1,413 shares during the period. 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 period. Finally, IHT Wealth Management LLC purchased a new position in shares of Invesco in the 2nd quarter valued at $362,000. 66.83% 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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Analyst Recommendations for Invesco (NYSE:IVZ)

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