Invesco (NYSE:IVZ) Receives Market Perform Rating from Keefe, Bruyette & Woods

Invesco (NYSE:IVZ)‘s stock had its “market perform” rating reaffirmed by stock analysts at Keefe, Bruyette & Woods in a report issued on Wednesday,Benzinga reports. They presently have a $20.00 price objective on the asset manager’s stock, up from their prior price objective of $18.00. Keefe, Bruyette & Woods’ target price points to a potential upside of 4.23% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Evercore ISI upped their price target on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Morgan Stanley dropped their price target on Invesco from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Tuesday. UBS Group raised their price objective on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Argus upped their target price on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, TD Cowen reduced their price target on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.27.

Invesco Stock Down 0.8 %

Shares of Invesco stock traded down $0.15 during trading on Wednesday, reaching $19.19. The company’s stock had a trading volume of 2,362,731 shares, compared to its average volume of 3,981,804. Invesco has a 1-year low of $14.16 and a 1-year high of $19.49. The company has a 50-day simple moving average of $17.64 and a two-hundred day simple moving average of $17.27. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The company has a market cap of $8.62 billion, a price-to-earnings ratio of -20.87, a P/E/G ratio of 1.06 and a beta of 1.43.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. As a group, equities analysts forecast that Invesco will post 1.7 earnings per share for the current year.

Hedge Funds Weigh In On Invesco

Large investors have recently bought and sold shares of the business. Massachusetts Mutual Life Insurance Co. purchased a new stake in shares of Invesco in the third quarter valued at approximately $1,428,196,000. Azora Capital LP purchased a new stake in Invesco in the 3rd quarter worth $27,289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Invesco by 131.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock worth $15,982,000 after acquiring an additional 516,622 shares during the period. Algert Global LLC lifted its holdings in Invesco by 1,207.8% during the third quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock valued at $8,451,000 after purchasing an additional 444,470 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Invesco in the third quarter valued at about $4,889,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

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.