Invesco (NYSE:IVZ) Now Covered by Analysts at Wells Fargo & Company

Stock analysts at Wells Fargo & Company started coverage on shares of Invesco (NYSE:IVZ – Get Rating) in a research report issued on Wednesday, The Fly reports. The firm set an “overweight” rating on the asset manager’s stock.

A number of other equities analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Invesco from $16.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, November 15th. Credit Suisse Group cut Invesco from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $13.00 to $11.50 in a report on Wednesday, October 26th. TheStreet raised shares of Invesco from a “c+” rating to a “b-” rating in a report on Friday, November 18th. Morgan Stanley decreased their target price on shares of Invesco from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, October 27th. Finally, The Goldman Sachs Group increased their price objective on shares of Invesco from $15.00 to $17.50 and gave the stock a “neutral” rating in a research note on Wednesday, November 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.58.

Invesco Stock Performance

Shares of NYSE IVZ traded down $0.10 during trading on Wednesday, reaching $19.51. The stock had a trading volume of 274,000 shares, compared to its average volume of 4,735,308. The firm’s 50 day moving average price is $16.93 and its two-hundred day moving average price is $16.95. The stock has a market cap of $8.87 billion, a PE ratio of 9.76, a P/E/G ratio of 1.86 and a beta of 1.37. The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.43 and a current ratio of 4.43. Invesco has a one year low of $13.20 and a one year high of $25.33.

Invesco (NYSE:IVZ – Get Rating) last released its earnings results on Tuesday, October 25th. The asset manager reported $0.34 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.09). The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a net margin of 18.21{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 10.39{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Invesco’s revenue for the quarter was down 17.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 earnings per share. On average, research analysts forecast that Invesco will post 1.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Invesco

Several large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of Invesco by 1.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Bank of New York Mellon Corp now owns 3,667,667 shares of the asset manager’s stock valued at $50,246,000 after purchasing an additional 53,343 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Invesco by 45.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 364,184 shares of the asset manager’s stock worth $4,989,000 after purchasing an additional 114,176 shares in the last quarter. Toroso Investments LLC lifted its position in Invesco by 26.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Toroso Investments LLC now owns 20,188 shares of the asset manager’s stock worth $277,000 after acquiring an additional 4,206 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Invesco in the 3rd quarter valued at about $562,000. Finally, Captrust Financial Advisors boosted its holdings in shares of Invesco by 16.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Captrust Financial Advisors now owns 23,847 shares of the asset manager’s stock worth $327,000 after purchasing an additional 3,402 shares during the last quarter. Hedge funds and other institutional investors own 83.58{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Invesco Company Profile

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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.

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Analyst Recommendations for Invesco (NYSE:IVZ)

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