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.
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.
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.
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