Invesco (NYSE:IVZ) Lowered to “Strong Sell” at ValuEngine

Invesco (NYSE:IVZ) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Friday, ValuEngine reports.

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Several other research analysts also recently issued reports on IVZ. Zacks Investment Research downgraded shares of Invesco from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a report on Monday, September 23rd. JPMorgan Chase & Co. downgraded shares of Invesco from an “overweight” rating to a “neutral” rating and set a $22.00 price target for the company. in a report on Thursday, September 12th. Morgan Stanley set a $18.00 price target on shares of Invesco and gave the stock a “hold” rating in a report on Friday, October 25th. Citigroup set a $16.50 price target on shares of Invesco and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, BMO Capital Markets lowered their price target on shares of Invesco from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. Invesco has an average rating of “Hold” and an average target price of $19.14.

NYSE IVZ traded down $0.05 on Friday, hitting $17.82. 3,852,593 shares of the company’s stock were exchanged, compared to its average volume of 4,864,206. The stock has a 50-day moving average of $16.58 and a 200-day moving average of $18.52. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.78. Invesco has a 52 week low of $15.15 and a 52 week high of $22.18. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 7.33, a P/E/G ratio of 0.90 and a beta of 1.54.

Invesco (NYSE:IVZ) last released its earnings results on Wednesday, October 23rd. The asset manager reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.13. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Invesco had a return on equity of 10.60% and a net margin of 8.86%. The company’s quarterly revenue was up 27.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 earnings per share. As a group, analysts predict that Invesco will post 2.58 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MUFG Americas Holdings Corp increased its holdings in Invesco by 9.4% in the third quarter. MUFG Americas Holdings Corp now owns 123,872 shares of the asset manager’s stock valued at $2,098,000 after purchasing an additional 10,669 shares during the period. First Allied Advisory Services Inc. increased its holdings in Invesco by 16.1% in the third quarter. First Allied Advisory Services Inc. now owns 36,798 shares of the asset manager’s stock valued at $630,000 after purchasing an additional 5,098 shares during the period. Cetera Advisor Networks LLC acquired a new stake in Invesco in the third quarter valued at $218,000. Rational Advisors LLC increased its holdings in Invesco by 436.5% in the third quarter. Rational Advisors LLC now owns 3,310 shares of the asset manager’s stock valued at $56,000 after purchasing an additional 2,693 shares during the period. Finally, BancorpSouth Bank increased its holdings in Invesco by 4.1% in the third quarter. BancorpSouth Bank now owns 249,586 shares of the asset manager’s stock valued at $4,228,000 after purchasing an additional 9,924 shares during the period. Institutional investors and hedge funds own 67.25% of the company’s stock.

About Invesco

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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