Citigroup downgraded shares of Invesco (NYSE:IVZ) from a buy rating to a neutral rating in a research note released on Friday, The Fly reports.

Other research analysts also recently issued reports about the company. ValuEngine upgraded Invesco from a hold rating to a buy rating in a report on Monday, October 2nd. UBS Group increased their price objective on Invesco from $36.00 to $37.00 and gave the stock a neutral rating in a report on Monday, October 2nd. Royal Bank of Canada reiterated a buy rating and set a $41.00 price objective on shares of Invesco in a report on Friday, October 27th. Zacks Investment Research upgraded Invesco from a hold rating to a buy rating and set a $41.00 price objective for the company in a report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. set a $45.00 price objective on Invesco and gave the stock a buy rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $39.79.

Invesco (NYSE:IVZ) traded up $0.27 during trading hours on Friday, hitting $38.13. The company had a trading volume of 2,457,584 shares, compared to its average volume of 2,119,366. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $15,411.97, a P/E ratio of 16.58, a PEG ratio of 1.03 and a beta of 1.81. Invesco has a fifty-two week low of $28.75 and a fifty-two week high of $38.42.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.05. The business had revenue of $976.60 million during the quarter, compared to the consensus estimate of $940.96 million. Invesco had a return on equity of 13.02% and a net margin of 18.99%. Invesco’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. research analysts anticipate that Invesco will post 2.67 EPS for the current year.

In other Invesco news, insider Colin Meadows sold 54,215 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total value of $1,952,282.15. Following the completion of the transaction, the insider now directly owns 164,420 shares in the company, valued at $5,920,764.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Sun Life Financial INC bought a new position in Invesco in the third quarter valued at approximately $145,000. Valeo Financial Advisors LLC bought a new position in Invesco in the third quarter valued at approximately $160,000. C M Bidwell & Associates Ltd. bought a new position in Invesco in the second quarter valued at approximately $185,000. ETRADE Capital Management LLC bought a new position in Invesco in the third quarter valued at approximately $205,000. Finally, Bluefin Trading LLC bought a new position in Invesco in the second quarter valued at approximately $216,000. Hedge funds and other institutional investors own 81.31% of the company’s stock.

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Invesco Company Profile

Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.

The Fly

Analyst Recommendations for Invesco (NYSE:IVZ)

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