Invesco (NYSE:IVZ) Stock Rating Lowered by TD Cowen

Invesco (NYSE:IVZ - Get Free Report) was downgraded by equities researchers at TD Cowen from a "buy" rating to a "hold" rating in a research report issued on Wednesday, MarketBeat Ratings reports. They currently have a $13.00 price objective on the asset manager's stock, down from their prior price objective of $22.00. TD Cowen's target price indicates a potential upside of 0.23% from the company's current price.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company lowered their target price on Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley increased their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Barclays upped their price target on Invesco from $18.00 to $20.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. UBS Group increased their price target on shares of Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $18.10.

Invesco Trading Up 1.5 %

IVZ traded up $0.19 during midday trading on Wednesday, reaching $12.97. 1,793,910 shares of the company were exchanged, compared to its average volume of 4,226,710. Invesco has a one year low of $11.60 and a one year high of $19.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The stock has a market capitalization of $5.81 billion, a P/E ratio of 10.99, a PEG ratio of 0.98 and a beta of 1.26. The stock's 50-day simple moving average is $16.01 and its 200 day simple moving average is $17.15.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, analysts forecast that Invesco will post 1.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in Invesco in the 3rd quarter worth about $35,000. Colonial Trust Co SC purchased a new position in shares of Invesco in the 4th quarter valued at about $38,000. Aster Capital Management DIFC Ltd raised its stake in Invesco by 180.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock valued at $42,000 after buying an additional 1,531 shares in the last quarter. Crews Bank & Trust acquired a new stake in Invesco during the 4th quarter worth $44,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Invesco by 264.1% in the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock valued at $47,000 after acquiring an additional 2,234 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

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.