Invesco (IVZ) PT Lowered to $40.00 at Barclays

Invesco (NYSE:IVZ) had its price objective cut by Barclays from $42.00 to $40.00 in a research report released on Monday. They currently have an overweight rating on the asset manager’s stock.

Several other equities analysts have also issued reports on IVZ. Keefe, Bruyette & Woods reiterated a buy rating and issued a $37.00 price objective on shares of Invesco in a research report on Wednesday, April 11th. Zacks Investment Research cut Invesco from a hold rating to a sell rating in a research note on Wednesday, April 11th. Morgan Stanley cut their target price on Invesco from $40.00 to $37.00 and set a hold rating on the stock in a research note on Tuesday, April 10th. JPMorgan Chase set a $45.00 target price on Invesco and gave the company a buy rating in a research note on Monday, January 8th. Finally, Credit Suisse Group restated a buy rating on shares of Invesco in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Invesco has a consensus rating of Hold and an average target price of $40.36.

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Shares of IVZ opened at $30.74 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.55. Invesco has a 52-week low of $30.19 and a 52-week high of $38.43. The company has a market capitalization of $12,479.06, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.71.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. Invesco had a return on equity of 13.20% and a net margin of 21.85%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $982.86 million. During the same period in the previous year, the firm earned $0.59 EPS. Invesco’s quarterly revenue was up 16.3% compared to the same quarter last year. equities analysts forecast that Invesco will post 2.95 EPS for the current year.

In related news, Director Sarah Beshar acquired 2,970 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were bought at an average price of $33.32 per share, for a total transaction of $98,960.40. Following the purchase, the director now directly owns 8,837 shares in the company, valued at approximately $294,448.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Martin L. Flanagan sold 422,860 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $33.12, for a total value of $14,005,123.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 452,860 shares of company stock worth $15,011,173. Company insiders own 1.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. AGF Investments America Inc. raised its stake in shares of Invesco by 2.8% during the 4th quarter. AGF Investments America Inc. now owns 57,934 shares of the asset manager’s stock worth $2,117,000 after purchasing an additional 1,567 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Invesco by 11.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 15,915 shares of the asset manager’s stock worth $582,000 after purchasing an additional 1,604 shares in the last quarter. Zeke Capital Advisors LLC raised its stake in shares of Invesco by 11.5% during the 4th quarter. Zeke Capital Advisors LLC now owns 15,543 shares of the asset manager’s stock worth $568,000 after purchasing an additional 1,609 shares in the last quarter. First Allied Advisory Services Inc. raised its stake in shares of Invesco by 16.0% during the 4th quarter. First Allied Advisory Services Inc. now owns 12,195 shares of the asset manager’s stock worth $443,000 after purchasing an additional 1,682 shares in the last quarter. Finally, First Long Island Investors LLC raised its stake in Invesco by 0.5% in the 4th quarter. First Long Island Investors LLC now owns 348,685 shares of the asset manager’s stock valued at $12,741,000 after acquiring an additional 1,842 shares during the period. Institutional investors own 82.49% 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.

Analyst Recommendations for Invesco (NYSE:IVZ)

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