Invesco (NYSE:IVZ) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday.
IVZ has been the topic of a number of other reports. Zacks Investment Research cut shares of Invesco from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Citigroup increased their price objective on shares of Invesco from $38.50 to $39.50 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Barclays initiated coverage on shares of Invesco in a research note on Friday, September 8th. They issued an “overweight” rating and a $38.00 price objective on the stock. BidaskClub cut shares of Invesco from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Jefferies Group increased their price objective on shares of Invesco from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $38.50.
Invesco (IVZ) traded up $0.46 during midday trading on Wednesday, reaching $37.09. 2,394,200 shares of the company’s stock traded hands, compared to its average volume of 2,719,548. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. 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 PEG ratio of 1.16 and a beta of 1.80.
Invesco (NYSE:IVZ) last issued its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. Invesco had a net margin of 18.99% and a return on equity of 13.02%. The business had revenue of $976.60 million during the quarter, compared to the consensus estimate of $940.96 million. During the same quarter in the previous year, the firm earned $0.60 EPS. The company’s revenue was up 14.3% compared to the same quarter last year. sell-side analysts predict that Invesco will post 2.66 earnings per share for the current year.
In other Invesco news, insider Colin Meadows sold 54,215 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were 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 legal filing with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Sun Life Financial INC purchased a new position in shares of Invesco during the 3rd quarter worth about $145,000. Valeo Financial Advisors LLC purchased a new position in shares of Invesco during the 3rd quarter worth about $160,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Invesco during the 2nd quarter worth about $185,000. ETRADE Capital Management LLC purchased a new position in shares of Invesco during the 3rd quarter worth about $205,000. Finally, Financial Counselors Inc. purchased a new position in shares of Invesco during the 2nd quarter worth about $215,000. Institutional investors own 81.38% of the company’s stock.
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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.
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