Invesco (NYSE:IVZ) was upgraded by Credit Suisse Group from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday, The Fly reports.
Several other research firms also recently commented on IVZ. ValuEngine raised shares of Invesco from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Morgan Stanley downgraded shares of Invesco from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $40.00 to $39.00 in a report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Invesco from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. JPMorgan Chase & Co. set a $45.00 price objective on shares of Invesco and gave the stock a “buy” rating in a report on Monday, January 8th. Finally, Citigroup raised their price objective on shares of Invesco from $38.50 to $39.50 and gave the stock a “buy” rating in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Invesco presently has an average rating of “Hold” and an average target price of $39.79.
Invesco (NYSE:IVZ) traded down $0.55 during trading on Wednesday, hitting $36.13. 4,910,000 shares of the stock were exchanged, compared to its average volume of 2,690,000. Invesco has a 1 year low of $28.75 and a 1 year high of $38.43. The company has a market cap of $14,710.00, a P/E ratio of 15.64, a P/E/G ratio of 1.00 and a beta of 1.80. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75.
A number of hedge funds and other institutional investors have recently bought and sold shares of IVZ. Amundi Pioneer Asset Management Inc. lifted its stake in Invesco by 144.5% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 5,097,202 shares of the asset manager’s stock worth $178,605,000 after purchasing an additional 3,012,871 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Invesco by 5,060.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,787,996 shares of the asset manager’s stock worth $98,110,000 after purchasing an additional 2,733,970 shares in the last quarter. FMR LLC lifted its stake in Invesco by 137.5% in the 2nd quarter. FMR LLC now owns 2,959,243 shares of the asset manager’s stock worth $104,135,000 after purchasing an additional 1,713,338 shares in the last quarter. Capital International Investors lifted its stake in Invesco by 9.2% in the 3rd quarter. Capital International Investors now owns 13,917,400 shares of the asset manager’s stock worth $487,666,000 after purchasing an additional 1,169,200 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Invesco by 19.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,997,691 shares of the asset manager’s stock worth $175,007,000 after purchasing an additional 804,250 shares in the last quarter. Institutional investors and hedge funds own 81.26% 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.
