Invesco (NYSE:IVZ) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Invesco (NYSE:IVZ)‘s stock had its “market perform” rating reaffirmed by stock analysts at Keefe, Bruyette & Woods in a research report issued on Wednesday, Benzinga reports. They presently have a $17.00 price objective on the asset manager’s stock, down from their prior price objective of $19.00. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 19.47% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada increased their price objective on Invesco from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Thursday, January 18th. The Goldman Sachs Group lowered their target price on Invesco from $18.00 to $17.75 and set a “neutral” rating for the company in a research note on Thursday, April 11th. JPMorgan Chase & Co. lowered their target price on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating for the company in a report on Wednesday. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Wells Fargo & Company decreased their target price on Invesco from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $17.25.

Invesco Stock Performance

IVZ traded down $0.35 during trading hours on Wednesday, hitting $14.23. 3,184,688 shares of the stock were exchanged, compared to its average volume of 4,674,117. The company has a debt-to-equity ratio of 0.77, a current ratio of 5.01 and a quick ratio of 5.01. Invesco has a 12 month low of $12.48 and a 12 month high of $18.71. The stock has a 50-day simple moving average of $15.75 and a 200-day simple moving average of $15.45. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of -19.34, a price-to-earnings-growth ratio of 1.03 and a beta of 1.44.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Invesco had a negative net margin of 1.70% and a positive return on equity of 7.93%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business posted $0.38 EPS. Invesco’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts anticipate that Invesco will post 1.75 earnings per share for the current year.

Institutional Trading of Invesco

A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Invesco by 23.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,798,051 shares of the asset manager’s stock valued at $246,163,000 after acquiring an additional 2,592,039 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Invesco by 30.7% during the 3rd quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock valued at $86,306,000 after purchasing an additional 1,395,023 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Invesco by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,034,956 shares of the asset manager’s stock worth $71,984,000 after acquiring an additional 136,582 shares during the last quarter. Fisher Asset Management LLC raised its position in Invesco by 11.1% during the fourth quarter. Fisher Asset Management LLC now owns 3,921,250 shares of the asset manager’s stock valued at $69,955,000 after purchasing an additional 391,935 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in shares of Invesco by 1,411.1% during the 4th quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock worth $67,016,000 after purchasing an additional 3,507,900 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

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.