Invesco (NYSE:IVZ)‘s stock had its “hold” rating reiterated by analysts at Credit Suisse Group in a report released on Friday, AnalystRatings.com reports. They currently have a $10.00 price target on the asset manager’s stock. Credit Suisse Group’s price target indicates a potential downside of 0.40% from the company’s previous close.
Several other research firms have also issued reports on IVZ. Zacks Investment Research lowered Invesco from a “hold” rating to a “sell” rating and set a $8.00 target price on the stock. in a research note on Monday, April 6th. Citigroup cut their target price on Invesco from $5.00 to $4.50 and set a “sell” rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods lowered Invesco from an “outperform” rating to a “market perform” rating and cut their target price for the company from $10.50 to $8.25 in a research note on Friday, April 24th. Deutsche Bank cut their target price on Invesco from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Finally, Bank of America cut their target price on Invesco from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Invesco presently has a consensus rating of “Hold” and a consensus price target of $10.44.
Shares of IVZ stock traded down $0.06 on Friday, hitting $10.04. The stock had a trading volume of 6,865,878 shares, compared to its average volume of 5,446,305. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average price of $10.58 and a 200 day moving average price of $11.66. The company has a market cap of $4.61 billion, a PE ratio of 9.84, a P/E/G ratio of 1.10 and a beta of 1.48. Invesco has a one year low of $6.38 and a one year high of $19.37.
Several hedge funds have recently modified their holdings of IVZ. ARGA Investment Management LP purchased a new stake in Invesco in the second quarter valued at approximately $1,251,000. Sigma Planning Corp boosted its position in Invesco by 22.6% in the second quarter. Sigma Planning Corp now owns 31,155 shares of the asset manager’s stock valued at $335,000 after buying an additional 5,737 shares during the last quarter. Pzena Investment Management LLC boosted its position in Invesco by 6.4% in the second quarter. Pzena Investment Management LLC now owns 4,177,761 shares of the asset manager’s stock valued at $44,953,000 after buying an additional 250,420 shares during the last quarter. Prudential PLC boosted its position in Invesco by 34.2% in the second quarter. Prudential PLC now owns 6,488,974 shares of the asset manager’s stock valued at $69,821,000 after buying an additional 1,654,273 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Invesco by 122.8% in the second quarter. Signaturefd LLC now owns 11,669 shares of the asset manager’s stock valued at $126,000 after buying an additional 6,431 shares during the last quarter. Institutional investors and hedge funds own 65.21% of the company’s stock.
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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