Invesco (NYSE:IVZ) Posts Earnings Results, Beats Estimates By $0.03 EPS

Invesco (NYSE:IVZGet Rating) posted its quarterly earnings results on Tuesday. The asset manager reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03, reports. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a net margin of 18.21% and a return on equity of 10.39%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $0.86 EPS.

Invesco Stock Down 2.0 %

Invesco stock opened at $18.52 on Wednesday. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.70. The firm’s fifty day moving average price is $18.82 and its two-hundred day moving average price is $17.27. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 1.92 and a beta of 1.35. Invesco has a 1-year low of $13.20 and a 1-year high of $24.31.

Analyst Ratings Changes

IVZ has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price on shares of Invesco from $18.50 to $18.70 and gave the company a “neutral” rating in a research report on Friday, January 13th. TheStreet upgraded shares of Invesco from a “c+” rating to a “b-” rating in a report on Friday, November 18th. Wells Fargo & Company initiated coverage on shares of Invesco in a research note on Wednesday, December 14th. They issued an “overweight” rating and a $22.00 price objective on the stock. UBS Group downgraded Invesco from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $19.00 to $20.00 in a report on Tuesday, January 10th. Finally, Deutsche Bank Aktiengesellschaft cut Invesco from a “buy” rating to a “hold” rating and cut their price target for the stock from $22.00 to $19.00 in a report on Monday, December 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.90.

Institutional Investors Weigh In On Invesco

Institutional investors and hedge funds have recently made changes to their positions in the business. Moors & Cabot Inc. purchased a new stake in shares of Invesco in the first quarter worth approximately $214,000. Wetherby Asset Management Inc. purchased a new stake in Invesco in the 1st quarter valued at $218,000. Mather Group LLC. bought a new position in Invesco during the 1st quarter valued at $229,000. Federated Hermes Inc. lifted its stake in Invesco by 900.1% during the 3rd quarter. Federated Hermes Inc. now owns 10,271 shares of the asset manager’s stock valued at $141,000 after acquiring an additional 9,244 shares in the last quarter. Finally, Prudential PLC purchased a new position in Invesco during the 1st quarter worth $273,000. Institutional investors and hedge funds own 69.42% of the company’s stock.

About Invesco

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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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Earnings History for Invesco (NYSE:IVZ)

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