Invesco (NYSE:IVZ) Lowered to “Hold” Rating by Wall Street Zen

Invesco (NYSE:IVZ) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other research analysts have also issued research reports about the stock. BMO Capital Markets lifted their price target on shares of Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, December 10th. Argus set a $31.00 price objective on shares of Invesco in a research report on Wednesday, January 28th. Morgan Stanley set a $29.00 target price on Invesco in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft raised Invesco from a “hold” rating to a “buy” rating and lifted their price target for the company from $26.00 to $31.00 in a research note on Wednesday, December 17th. Finally, Zacks Research raised Invesco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $28.46.

Invesco Stock Down 3.1%

NYSE:IVZ opened at $26.26 on Friday. Invesco has a 1 year low of $11.60 and a 1 year high of $29.61. The stock has a 50-day moving average price of $27.35 and a two-hundred day moving average price of $24.70. The stock has a market cap of $11.69 billion, a price-to-earnings ratio of -16.41, a PEG ratio of 0.49 and a beta of 1.69. The company has a current ratio of 1.38, a quick ratio of 1.23 and a debt-to-equity ratio of 1.04.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the firm posted $0.52 earnings per share. Invesco’s revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts expect that Invesco will post 1.87 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IVZ. Root Financial Partners LLC increased its position in shares of Invesco by 28.2% during the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after purchasing an additional 374 shares during the last quarter. Carrera Capital Advisors grew its stake in shares of Invesco by 3.7% in the fourth quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager’s stock valued at $301,000 after buying an additional 408 shares in the last quarter. Vise Technologies Inc. increased its holdings in Invesco by 3.3% during the fourth quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock worth $346,000 after buying an additional 425 shares during the last quarter. Wedmont Private Capital raised its position in Invesco by 2.2% during the fourth quarter. Wedmont Private Capital now owns 21,236 shares of the asset manager’s stock worth $588,000 after acquiring an additional 456 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Invesco by 18.4% during the third quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock worth $70,000 after acquiring an additional 472 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Company Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.