Invesco’s (IVZ) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of Invesco (NYSE:IVZ) in a report issued on Thursday morning,Benzinga reports. Royal Bank of Canada currently has a $19.00 price objective on the asset manager’s stock.

A number of other equities analysts also recently commented on the company. Wells Fargo & Company decreased their price target on Invesco from $17.50 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. The Goldman Sachs Group decreased their target price on Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their price target on Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Morgan Stanley raised their price objective on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Finally, Barclays lowered their target price on shares of Invesco from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.71.

Invesco Trading Up 0.2 %

NYSE IVZ opened at $17.62 on Thursday. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of -19.15, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. Invesco has a 12 month low of $14.16 and a 12 month high of $18.94. The company’s fifty day moving average price is $17.59 and its two-hundred day moving average price is $17.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC boosted its position in shares of Invesco by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after buying an additional 87,405 shares during the period. Marshall Wace LLP boosted its position in Invesco by 115.7% during the 2nd quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock worth $18,269,000 after acquiring an additional 654,960 shares during the period. Massachusetts Mutual Life Insurance Co. bought a new position in shares of Invesco in the third quarter worth $1,428,196,000. Algert Global LLC acquired a new position in shares of Invesco during the second quarter valued at $551,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Invesco by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock valued at $1,378,000 after purchasing an additional 1,020 shares in the last quarter. Institutional investors own 66.09% 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.