Keefe, Bruyette & Woods reiterated their buy rating on shares of Invesco (NYSE:IVZ) in a report issued on Wednesday. The firm currently has a $37.00 price objective on the asset manager’s stock.
Other equities research analysts also recently issued research reports about the stock. Deutsche Bank upgraded shares of Invesco from a hold rating to a buy rating and cut their target price for the stock from $39.00 to $38.00 in a research report on Tuesday, February 13th. Morgan Stanley reiterated an equal weight rating and issued a $40.00 target price (up previously from $39.00) on shares of Invesco in a research report on Wednesday, February 7th. Zacks Investment Research downgraded shares of Invesco from a hold rating to a sell rating in a research report on Wednesday. Credit Suisse Group restated a buy rating on shares of Invesco in a research note on Thursday, February 1st. Finally, JPMorgan Chase set a $45.00 price target on shares of Invesco and gave the stock a buy rating in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $40.21.
IVZ stock traded up $0.47 during midday trading on Wednesday, reaching $31.07. The company had a trading volume of 309,330 shares, compared to its average volume of 3,696,491. Invesco has a 1 year low of $30.02 and a 1 year high of $38.43. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. The company has a market cap of $12,731.49, a price-to-earnings ratio of 11.51, a PEG ratio of 1.01 and a beta of 1.71.
Invesco (NYSE:IVZ) last released its earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Invesco had a net margin of 21.85% and a return on equity of 13.20%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $982.86 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The company’s revenue was up 16.3% compared to the same quarter last year. research analysts anticipate that Invesco will post 3.03 EPS for the current year.
In other news, Director Sarah Beshar bought 2,970 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $33.32 per share, for a total transaction of $98,960.40. Following the purchase, the director now owns 8,837 shares of the company’s stock, valued at approximately $294,448.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin M. Carome sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $33.38, for a total transaction of $834,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 452,860 shares of company stock worth $15,011,173. 1.80% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. American Century Companies Inc. grew its stake in Invesco by 1.8% in the 4th quarter. American Century Companies Inc. now owns 9,652,437 shares of the asset manager’s stock valued at $352,700,000 after buying an additional 173,766 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its position in Invesco by 45.2% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 7,403,295 shares of the asset manager’s stock worth $270,516,000 after purchasing an additional 2,306,093 shares during the last quarter. Kiltearn Partners LLP grew its position in Invesco by 2.5% in the 4th quarter. Kiltearn Partners LLP now owns 5,949,210 shares of the asset manager’s stock worth $217,384,000 after purchasing an additional 145,800 shares during the last quarter. Geode Capital Management LLC grew its position in Invesco by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 4,277,503 shares of the asset manager’s stock worth $155,969,000 after purchasing an additional 150,909 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Invesco by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,786,828 shares of the asset manager’s stock worth $97,644,000 after purchasing an additional 8,917 shares during the last quarter. Institutional investors and hedge funds own 82.11% of the company’s stock.
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Invesco Company Profile
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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