Invesco (NYSE:IVZ) Stock Rating Reaffirmed by BMO Capital Markets

Invesco (NYSE:IVZ)‘s stock had its “market perform” rating restated by equities researchers at BMO Capital Markets in a note issued to investors on Wednesday, Benzinga reports. They currently have a $17.00 price objective on the asset manager’s stock, down from their prior price objective of $18.00. BMO Capital Markets’ price objective points to a potential upside of 17.16% from the company’s previous close.

Several other equities research analysts have also weighed in on the stock. TD Cowen started coverage on shares of Invesco in a report on Thursday, January 4th. They issued an “outperform” rating and a $21.00 target price on the stock. Royal Bank of Canada upped their target price on shares of Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Thursday, January 18th. JPMorgan Chase & Co. reduced their price target on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a research report on Wednesday. UBS Group reduced their price target on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, January 29th. Finally, Wells Fargo & Company reduced their price target on shares of Invesco from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.79.

Invesco Stock Down 0.1 %

IVZ opened at $14.51 on Wednesday. The firm’s 50-day simple moving average is $15.70 and its 200-day simple moving average is $15.43. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.01 and a current ratio of 5.01. Invesco has a twelve month low of $12.48 and a twelve month high of $18.71. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of -19.35, a PEG ratio of 0.96 and a beta of 1.44.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). Invesco had a positive return on equity of 7.11% and a negative net margin of 1.74%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the company posted $0.38 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts anticipate that Invesco will post 1.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP lifted its position in Invesco by 276.8% during the 3rd quarter. Quantbot Technologies LP now owns 81,754 shares of the asset manager’s stock valued at $1,187,000 after purchasing an additional 60,057 shares during the period. Oak Thistle LLC bought a new position in Invesco during the 4th quarter worth approximately $1,166,000. Northern Trust Corp boosted its stake in Invesco by 30.7% during the 3rd quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock worth $86,306,000 after acquiring an additional 1,395,023 shares during the last quarter. Raymond James & Associates boosted its stake in Invesco by 4.5% during the 3rd quarter. Raymond James & Associates now owns 65,917 shares of the asset manager’s stock worth $957,000 after acquiring an additional 2,846 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Invesco by 99.6% during the 3rd quarter. Hsbc Holdings PLC now owns 749,137 shares of the asset manager’s stock worth $10,912,000 after acquiring an additional 373,778 shares during the last quarter. 66.09% of the stock is currently 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.