Invesco (NYSE:IVZ) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Invesco (NYSE:IVZ) from a hold rating to a sell rating in a report released on Friday morning.

A number of other equities research analysts have also recently weighed in on IVZ. UBS Group dropped their price target on Invesco from $18.00 to $17.00 and set a neutral rating for the company in a report on Monday, January 29th. Royal Bank of Canada boosted their target price on shares of Invesco from $14.00 to $16.00 and gave the stock a sector perform rating in a research note on Thursday, January 18th. BMO Capital Markets reissued a market perform rating and set a $17.00 price target (down from $18.00) on shares of Invesco in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods restated a market perform rating and issued a $17.00 price objective (down previously from $19.00) on shares of Invesco in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Invesco from $17.00 to $16.50 and set a neutral rating on the stock in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $16.79.

Invesco Price Performance

Shares of NYSE:IVZ traded up $0.05 on Friday, hitting $14.89. The stock had a trading volume of 2,752,104 shares, compared to its average volume of 4,735,642. The firm’s 50 day moving average price is $15.58 and its 200-day moving average price is $15.51. The company has a debt-to-equity ratio of 0.77, a quick ratio of 6.89 and a current ratio of 6.89. Invesco has a twelve month low of $12.48 and a twelve month high of $18.71. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of -19.79, a price-to-earnings-growth ratio of 1.12 and a beta of 1.45.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. Invesco’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 earnings per share. On average, equities research analysts predict that Invesco will post 1.65 earnings per share for the current year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be paid a dividend of $0.205 per share. The ex-dividend date is Monday, May 13th. This is a boost from Invesco’s previous quarterly dividend of $0.20. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.51%. Invesco’s payout ratio is -106.67%.

Hedge Funds Weigh In On Invesco

Several hedge funds have recently added to or reduced their stakes in IVZ. Gables Capital Management Inc. increased its stake in shares of Invesco by 74.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 700 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Invesco by 35.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,945 shares of the asset manager’s stock valued at $53,000 after purchasing an additional 766 shares in the last quarter. Alaska Permanent Fund Corp raised its holdings in Invesco by 0.5% in the fourth quarter. Alaska Permanent Fund Corp now owns 145,267 shares of the asset manager’s stock worth $2,592,000 after purchasing an additional 767 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Invesco by 4.4% during the third quarter. Verdence Capital Advisors LLC now owns 20,127 shares of the asset manager’s stock worth $292,000 after purchasing an additional 843 shares in the last quarter. Finally, MCF Advisors LLC grew its holdings in shares of Invesco by 16.1% in the 4th quarter. MCF Advisors LLC now owns 6,182 shares of the asset manager’s stock valued at $110,000 after buying an additional 855 shares during the period. Institutional investors and hedge funds 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.