Barclays Reiterates Buy Rating for Invesco (IVZ)

Barclays reiterated their buy rating on shares of Invesco (NYSE:IVZ) in a research note published on Thursday. Barclays currently has a $19.00 price target on the asset manager’s stock.

Several other equities research analysts also recently weighed in on IVZ. JPMorgan Chase & Co. set a $29.00 target price on shares of Invesco and gave the company a buy rating in a research note on Monday, September 24th. Zacks Investment Research upgraded shares of Invesco from a sell rating to a hold rating in a research note on Monday, September 24th. Deutsche Bank raised their target price on shares of Invesco from $29.00 to $30.00 and gave the company a buy rating in a research note on Thursday, September 27th. UBS Group lowered their target price on shares of Invesco from $26.00 to $24.00 and set a neutral rating for the company in a research note on Monday, October 8th. Finally, Morgan Stanley lowered their target price on shares of Invesco from $29.00 to $28.00 and set an equal weight rating for the company in a research note on Tuesday, October 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Invesco presently has a consensus rating of Hold and an average target price of $25.73.

Shares of IVZ stock opened at $17.38 on Thursday. The company has a market cap of $7.12 billion, a P/E ratio of 6.44, a price-to-earnings-growth ratio of 0.85 and a beta of 1.53. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.55 and a current ratio of 1.55. Invesco has a 52-week low of $15.38 and a 52-week high of $38.43.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Thursday, October 18th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. The company had revenue of $966.90 million for the quarter, compared to analyst estimates of $972.49 million. Invesco had a net margin of 21.66% and a return on equity of 12.25%. Invesco’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. Sell-side analysts anticipate that Invesco will post 2.61 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. OppenheimerFunds Inc. lifted its position in Invesco by 15.7% during the second quarter. OppenheimerFunds Inc. now owns 24,443 shares of the asset manager’s stock valued at $649,000 after purchasing an additional 3,308 shares during the period. Nelson Roberts Investment Advisors LLC lifted its position in Invesco by 3.2% during the third quarter. Nelson Roberts Investment Advisors LLC now owns 200,272 shares of the asset manager’s stock valued at $4,582,000 after purchasing an additional 6,145 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Invesco by 27.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 28,853 shares of the asset manager’s stock valued at $660,000 after purchasing an additional 6,224 shares during the period. Kiltearn Partners LLP lifted its position in Invesco by 18.9% during the third quarter. Kiltearn Partners LLP now owns 8,758,297 shares of the asset manager’s stock valued at $200,390,000 after purchasing an additional 1,393,287 shares during the period. Finally, Financial Counselors Inc. lifted its position in Invesco by 15.0% during the third quarter. Financial Counselors Inc. now owns 319,878 shares of the asset manager’s stock valued at $7,319,000 after purchasing an additional 41,676 shares during the period. Institutional investors and hedge funds own 79.73% 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.

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Analyst Recommendations for Invesco (NYSE:IVZ)

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