Zacks Research Downgrades Invesco (NYSE:IVZ) to Hold

Invesco (NYSE:IVZ) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

A number of other equities research analysts have also recently commented on the company. Wall Street Zen cut Invesco from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Royal Bank Of Canada lowered shares of Invesco from an “outperform” rating to a “hold” rating and set a $39.00 price target for the company. in a research report on Thursday, August 13th. JPMorgan Chase & Co. raised their price objective on shares of Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Jefferies Financial Group raised shares of Invesco to a “hold” rating in a research report on Tuesday, June 30th. Finally, Evercore set a $35.00 target price on shares of Invesco in a research note on Monday, August 10th. Three analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $30.88.

Invesco Price Performance

Invesco stock opened at $32.33 on Monday. Invesco has a 52 week low of $20.67 and a 52 week high of $33.66. The company’s 50 day moving average price is $30.71 and its two-hundred day moving average price is $27.58. The stock has a market cap of $14.33 billion, a P/E ratio of -47.55, a P/E/G ratio of 0.48 and a beta of 1.63. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business posted $0.36 earnings per share. Invesco’s revenue was up 20.5% on a year-over-year basis. On average, equities analysts predict that Invesco will post 2.82 earnings per share for the current year.

Institutional Investors Weigh In On Invesco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IVZ. SJS Investment Consulting Inc. lifted its holdings in Invesco by 80.1% during the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 537 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Invesco by 61.5% in the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after purchasing an additional 558 shares in the last quarter. Continuum Advisory LLC bought a new stake in shares of Invesco in the second quarter valued at approximately $39,000. Root Financial Partners LLC raised its position in shares of Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 374 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Invesco by 171.0% during the 1st quarter. Blue Trust Inc. now owns 1,859 shares of the asset manager’s stock valued at $45,000 after buying an additional 1,173 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Company Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.