News coverage about Invesco (NYSE:IVZ) has been trending somewhat negative on Tuesday, according to InfoTrie. The research firm rates the sentiment of media coverage by monitoring more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Invesco earned a coverage optimism score of -1.43 on their scale. InfoTrie also assigned media headlines about the asset manager an news buzz score of 0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Invesco’s analysis:
Several analysts have issued reports on IVZ shares. Zacks Investment Research cut Horiba from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Jefferies Financial Group upped their target price on Avid Technology from $6.50 to $8.50 and gave the company a “hold” rating in a report on Friday, June 7th. William Blair reiterated a “market perform” rating on shares of Invesco in a report on Thursday, April 25th. Edward Jones cut Invesco from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Finally, UBS Group set a $15.00 price target on Hain Celestial Group and gave the stock a “sell” rating in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. Invesco currently has a consensus rating of “Hold” and an average target price of $22.09.
NYSE IVZ opened at $20.12 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.86. The stock has a market cap of $8.07 billion, a PE ratio of 8.28, a PEG ratio of 0.99 and a beta of 1.51. The business’s fifty day simple moving average is $20.43. Invesco has a twelve month low of $15.38 and a twelve month high of $27.59.
Invesco (NYSE:IVZ) last posted its quarterly earnings results on Thursday, April 25th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $887.10 million for the quarter, compared to analyst estimates of $884.93 million. Invesco had a return on equity of 10.48% and a net margin of 15.59%. Invesco’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. Analysts expect that Invesco will post 2.35 EPS for the current fiscal year.
In other news, major shareholder Ltd. Invesco purchased 2,222,222 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average price of $4.50 per share, for a total transaction of $9,999,999.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director G Richard Wagoner, Jr. purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were purchased at an average price of $20.71 per share, for a total transaction of $207,100.00. Following the purchase, the director now directly owns 25,648 shares in the company, valued at $531,170.08. The disclosure for this purchase can be found here. In the last quarter, insiders bought 2,252,222 shares of company stock worth $10,619,199. Company insiders own 1.90% of the company’s stock.
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.
Featured Story: How is a price target determined?
Receive News & Ratings for Invesco Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Invesco and related companies with MarketBeat.com’s FREE daily email newsletter.