Shares of Invesco Ltd. (NYSE:IVZ) have earned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $22.11.

IVZ has been the subject of a number of research reports. Edward Jones cut shares of Invesco from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Deutsche Bank raised their target price on shares of Rockwell Automation from $173.00 to $186.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Jefferies Financial Group raised their target price on shares of Avid Technology from $6.50 to $8.50 and gave the stock a “hold” rating in a report on Friday, June 7th. William Blair restated a “market perform” rating on shares of Invesco in a report on Thursday, April 25th. Finally, UBS Group set a $15.00 target price on shares of Hain Celestial Group and gave the stock a “sell” rating in a report on Monday, May 13th.

In other news, major shareholder Ltd. Invesco purchased 2,222,222 shares of Invesco stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average price of $4.50 per share, for a total transaction of $9,999,999.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ben F. Johnson III purchased 10,000 shares of Invesco stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average price of $21.37 per share, with a total value of $213,700.00. Following the transaction, the director now owns 54,618 shares in the company, valued at approximately $1,167,186.66. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 2,252,222 shares of company stock valued at $10,619,199. 1.90% of the stock is owned by insiders.

Several large investors have recently modified their holdings of IVZ. Rehmann Capital Advisory Group lifted its position in Invesco by 100.0% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the asset manager’s stock worth $26,000 after buying an additional 669 shares in the last quarter. Parallel Advisors LLC lifted its position in Invesco by 58.8% in the 1st quarter. Parallel Advisors LLC now owns 1,436 shares of the asset manager’s stock worth $28,000 after buying an additional 532 shares in the last quarter. Asset Dedication LLC lifted its position in Invesco by 142.9% in the 2nd quarter. Asset Dedication LLC now owns 1,700 shares of the asset manager’s stock worth $34,000 after buying an additional 1,000 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Invesco by 46.2% in the 1st quarter. Quadrant Capital Group LLC now owns 2,213 shares of the asset manager’s stock worth $38,000 after buying an additional 699 shares in the last quarter. Finally, FinTrust Capital Advisors LLC lifted its position in Invesco by 21.7% in the 1st quarter. FinTrust Capital Advisors LLC now owns 2,909 shares of the asset manager’s stock worth $56,000 after buying an additional 519 shares in the last quarter. Institutional investors and hedge funds own 76.45% of the company’s stock.

Shares of Invesco stock traded up $0.08 on Thursday, hitting $19.61. The company had a trading volume of 5,359,433 shares, compared to its average volume of 4,929,348. The business has a 50-day simple moving average of $20.32. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.86. The stock has a market cap of $7.86 billion, a P/E ratio of 8.07, a PEG ratio of 1.00 and a beta of 1.50. Invesco has a 52 week low of $15.38 and a 52 week high of $27.59.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Thursday, July 25th. The asset manager reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.08. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Invesco had a net margin of 11.45% and a return on equity of 10.57%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $0.66 earnings per share. On average, equities analysts expect that Invesco will post 2.4 EPS for the current year.

Invesco Company Profile

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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