Invesco (NYSE:IVZ) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also recently weighed in on the company. Barclays started coverage on Invesco in a report on Friday, September 8th. They set an “overweight” rating and a $38.00 price target for the company. Zacks Investment Research upgraded Invesco from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, October 11th. Royal Bank Of Canada reiterated a “buy” rating and issued a $41.00 price objective on shares of Invesco in a research report on Friday, October 27th. Jefferies Group increased their price objective on Invesco from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Wells Fargo & Company increased their price objective on Invesco from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Invesco presently has a consensus rating of “Buy” and a consensus target price of $38.50.

Invesco (IVZ) traded up $0.46 during mid-day trading on Wednesday, reaching $37.09. The company had a trading volume of 2,394,200 shares, compared to its average volume of 2,719,548. Invesco has a 12-month low of $28.75 and a 12-month high of $37.75. The firm has a market cap of $15,130.00, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.16 and a beta of 1.80. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.50 and a quick ratio of 1.50.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. Invesco had a return on equity of 13.02% and a net margin of 18.99%. The firm had revenue of $976.60 million during the quarter, compared to analysts’ expectations of $940.96 million. During the same period last year, the firm posted $0.60 EPS. The business’s revenue was up 14.3% on a year-over-year basis. equities research analysts forecast that Invesco will post 2.66 earnings per share for the current year.

In other news, insider Colin Meadows sold 54,215 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total value of $1,952,282.15. Following the transaction, the insider now directly owns 164,420 shares in the company, valued at approximately $5,920,764.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Shelton Capital Management lifted its holdings in Invesco by 8.7% during the third quarter. Shelton Capital Management now owns 114,510 shares of the asset manager’s stock worth $4,012,000 after acquiring an additional 9,200 shares in the last quarter. Archford Capital Strategies LLC raised its stake in shares of Invesco by 34.2% in the 3rd quarter. Archford Capital Strategies LLC now owns 41,698 shares of the asset manager’s stock valued at $1,461,000 after purchasing an additional 10,638 shares during the period. IFM Investors Pty Ltd acquired a new stake in shares of Invesco in the 3rd quarter valued at about $417,000. Neuberger Berman Group LLC raised its stake in shares of Invesco by 13.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 53,172 shares of the asset manager’s stock valued at $1,863,000 after purchasing an additional 6,158 shares during the period. Finally, Griffin Asset Management Inc. raised its stake in shares of Invesco by 215.2% in the 3rd quarter. Griffin Asset Management Inc. now owns 34,005 shares of the asset manager’s stock valued at $1,192,000 after purchasing an additional 23,217 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

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About Invesco

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Invesco (NYSE:IVZ)

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