Invesco PLC (NYSE:IVZ) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.

IVZ has been the subject of several other research reports. Royal Bank Of Canada assumed coverage on shares of Invesco PLC in a research report on Thursday, June 29th. They issued an “outperform” rating and a $41.00 target price for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $41.00 price objective on shares of Invesco PLC in a report on Sunday, July 30th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $36.00 price objective on shares of Invesco PLC in a report on Sunday, July 2nd. ValuEngine upgraded shares of Invesco PLC from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Finally, Zacks Investment Research cut shares of Invesco PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Invesco PLC has an average rating of “Buy” and a consensus price target of $37.29.

Shares of Invesco PLC (IVZ) traded up 0.27% during midday trading on Friday, reaching $32.86. 2,974,908 shares of the company were exchanged. Invesco PLC has a 52-week low of $27.46 and a 52-week high of $36.84. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 14.65 and a beta of 1.80. The company’s 50-day moving average price is $35.10 and its 200 day moving average price is $32.87.

Invesco PLC (NYSE:IVZ) last posted its earnings results on Thursday, July 27th. The asset manager reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The firm had revenue of $906.30 million during the quarter, compared to analysts’ expectations of $891.19 million. During the same quarter in the prior year, the firm earned $0.56 EPS. Invesco PLC’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts predict that Invesco PLC will post $2.54 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This article was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/08/19/invesco-plc-ivz-downgraded-to-sell-at-bidaskclub.html.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Invesco PLC by 2.7% in the second quarter. Vanguard Group Inc. now owns 41,189,076 shares of the asset manager’s stock valued at $1,449,444,000 after buying an additional 1,092,898 shares in the last quarter. BlackRock Inc. raised its stake in Invesco PLC by 2,611.3% in the first quarter. BlackRock Inc. now owns 32,067,091 shares of the asset manager’s stock valued at $982,213,000 after buying an additional 30,884,375 shares in the last quarter. State Street Corp raised its stake in Invesco PLC by 1.2% in the first quarter. State Street Corp now owns 19,457,316 shares of the asset manager’s stock valued at $595,977,000 after buying an additional 240,087 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Invesco PLC by 2.0% in the first quarter. JPMorgan Chase & Co. now owns 10,981,317 shares of the asset manager’s stock valued at $336,358,000 after buying an additional 210,558 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Invesco PLC by 28.7% in the first quarter. American Century Companies Inc. now owns 9,005,772 shares of the asset manager’s stock valued at $275,847,000 after buying an additional 2,007,736 shares in the last quarter. 79.20% of the stock is owned by institutional investors and hedge funds.

About Invesco PLC

Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.

Analyst Recommendations for Invesco PLC (NYSE:IVZ)

Receive News & Ratings for Invesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco PLC and related companies with MarketBeat.com's FREE daily email newsletter.