StockNews.com Lowers Invesco (NYSE:IVZ) to Sell

StockNews.com cut shares of Invesco (NYSE:IVZ) from a hold rating to a sell rating in a research report released on Tuesday.

Several other equities research analysts have also commented on the stock. Keefe, Bruyette & Woods restated a market perform rating and issued a $17.00 price target (down previously from $19.00) on shares of Invesco in a report on Wednesday, April 24th. TD Cowen lowered their price target on Invesco from $21.00 to $19.50 and set a buy rating for the company in a report on Wednesday, April 24th. The Goldman Sachs Group cut their price target on shares of Invesco from $17.50 to $17.00 and set a neutral rating on the stock in a research note on Tuesday, July 2nd. Morgan Stanley boosted their price target on Invesco from $16.00 to $17.00 and gave the company an equal weight rating in a research note on Wednesday, April 17th. Finally, BMO Capital Markets reiterated a market perform rating and issued a $17.00 target price (down previously from $18.00) on shares of Invesco in a research 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $16.90.

Invesco Trading Up 2.7 %

Shares of NYSE:IVZ traded up $0.42 on Tuesday, hitting $16.16. 4,189,773 shares of the company’s stock were exchanged, compared to its average volume of 4,460,298. Invesco has a 12 month low of $12.48 and a 12 month high of $18.28. The business’s 50 day simple moving average is $15.63 and its two-hundred day simple moving average is $15.64. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of -21.55, a price-to-earnings-growth ratio of 1.16 and a beta of 1.47. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 6.89.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share. Analysts anticipate that Invesco will post 1.65 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Friday, August 16th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.82 dividend on an annualized basis and a yield of 5.07%. Invesco’s payout ratio is -109.33%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IVZ. Gables Capital Management Inc. raised its position in Invesco by 74.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock worth $29,000 after acquiring an additional 700 shares during the period. Family Firm Inc. acquired a new position in shares of Invesco during the 2nd quarter worth about $28,000. Pinnacle Bancorp Inc. lifted its stake in Invesco by 100.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock valued at $36,000 after buying an additional 1,000 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in Invesco in the 2nd quarter worth about $30,000. Finally, Quarry LP purchased a new stake in Invesco during the 4th quarter worth approximately $37,000. 66.09% of the stock is owned by institutional investors and hedge funds.

About Invesco

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.