Zacks Research Downgrades Invesco (NYSE:IVZ) to Hold

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

IVZ has been the topic of several other reports. Evercore set a $35.00 price target on Invesco in a research report on Monday, August 10th. Wall Street Zen downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Morgan Stanley raised their price objective on shares of Invesco from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Weiss Ratings raised shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Finally, Royal Bank Of Canada cut shares of Invesco from an “outperform” rating to a “hold” rating and set a $39.00 target price for the company. in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $30.88.

Invesco Trading Down 2.2%

Shares of NYSE:IVZ opened at $32.33 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31. The stock’s 50-day moving average is $30.71 and its 200-day moving average is $27.58. The company 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. Invesco has a 52-week low of $20.67 and a 52-week high of $33.66.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm earned $0.36 EPS. The firm’s revenue was up 20.5% compared to the same quarter last year. Equities research analysts predict that Invesco will post 2.82 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IVZ. SJS Investment Consulting Inc. increased its holdings in Invesco by 80.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock valued at $29,000 after buying an additional 537 shares during the period. Larson Financial Group LLC raised its stake in shares of Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after buying an additional 558 shares in the last quarter. Continuum Advisory LLC bought a new position in shares of Invesco during the 2nd quarter worth about $39,000. Root Financial Partners LLC lifted its holdings in shares of Invesco by 28.2% during the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after acquiring an additional 374 shares during the period. Finally, Blue Trust Inc. boosted its position 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 acquiring an additional 1,173 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

About Invesco

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.