Are Invesco (NYSE:IVZ) Shares Worth Your Time and Dime Following Recent Keefe Bruyette Downgrade?

July 13, 2018 - By Elizabeth Jones

Invesco Ltd. (NYSE:IVZ) Logo

Investors sentiment decreased to 1.11 in 2018 Q1. Its down 0.20, from 1.31 in 2017Q4. It dropped, as 54 investors sold Invesco Ltd. shares while 165 reduced holdings. 56 funds opened positions while 188 raised stakes. 300.52 million shares or 2.47% less from 308.14 million shares in 2017Q4 were reported.

The Iowa-based Miles has invested 0.13% in Invesco Ltd. (NYSE:IVZ). Segall Bryant And Hamill Llc holds 44,628 shares. Stoneridge Invest Prtnrs Limited Liability holds 0.13% or 23,889 shares. Cwm Ltd Liability Corp invested 0% in Invesco Ltd. (NYSE:IVZ). Earnest Limited Liability Corp reported 0% in Invesco Ltd. (NYSE:IVZ). Tarbox Family Office Incorporated reported 0% of its portfolio in Invesco Ltd. (NYSE:IVZ). Hightower Advsrs Ltd Liability Company reported 281,010 shares or 0.08% of all its holdings. 105,199 are held by Texas Permanent School Fund. Twin Capital Mngmt Inc has invested 0.09% in Invesco Ltd. (NYSE:IVZ). Fny Managed Accounts Ltd Limited Liability Company invested in 0.01% or 335 shares. Moreover, Prospector Ltd Company has 1.1% invested in Invesco Ltd. (NYSE:IVZ). Agf Invests holds 0.58% or 1.68 million shares. Koch Industries Inc owns 24,609 shares for 0.08% of their portfolio. Moreover, Huntington Retail Bank has 0.01% invested in Invesco Ltd. (NYSE:IVZ). Dreman Value Mgmt L L C holds 14,017 shares.

Since February 15, 2018, it had 1 insider purchase, and 3 sales for $14.91 million activity. 422,860 shares were sold by FLANAGAN MARTIN L, worth $14.01M. On Thursday, February 15 CAROME KEVIN M sold $834,500 worth of Invesco Ltd. (NYSE:IVZ) or 25,000 shares. 2,970 shares valued at $98,960 were bought by Beshar Sarah on Tuesday, February 27.

Invesco (NYSE:IVZ) Receives a Downgrade

The Equity Rating of Invesco (NYSE:IVZ) rating was downgraded by research analysts at Keefe Bruyette from the previous “Outperform” rating to a “Mkt Perform” rating in a report sent to clients and investors on 13 July.

Invesco Ltd. (NYSE:IVZ) Ratings Coverage

Among 8 analysts covering Invesco Ltd (NYSE:IVZ), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Invesco Ltd has $43.0 highest and $31 lowest target. $36.83’s average target is 43.81% above currents $25.61 stock price. Invesco Ltd had 10 analyst reports since January 19, 2018 according to SRatingsIntel. The rating was upgraded by Credit Suisse to “Outperform” on Thursday, February 1. Morgan Stanley maintained it with “Equal-Weight” rating and $37 target in Tuesday, April 10 report. On Thursday, May 24 the stock rating was maintained by UBS with “Neutral”. Barclays Capital maintained the shares of IVZ in report on Monday, April 23 with “Overweight” rating. The stock of Invesco Ltd. (NYSE:IVZ) earned “Buy” rating by Deutsche Bank on Tuesday, February 13. Keefe Bruyette & Woods maintained Invesco Ltd. (NYSE:IVZ) rating on Wednesday, January 31. Keefe Bruyette & Woods has “Buy” rating and $43.0 target. The company was maintained on Tuesday, April 10 by Keefe Bruyette & Woods. The rating was downgraded by Citigroup to “Hold” on Friday, January 19. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, February 7. The stock has “Buy” rating by Jefferies on Wednesday, April 11.

The stock decreased 1.63% or $0.43 during the last trading session, reaching $25.61. About 2.51 million shares traded. Invesco Ltd. (NYSE:IVZ) has declined 11.58% since July 13, 2017 and is downtrending. It has underperformed by 24.15% the S&P500.

Analysts await Invesco Ltd. (NYSE:IVZ) to report earnings on July, 26. They expect $0.68 earnings per share, up 6.25 % or $0.04 from last year’s $0.64 per share. IVZ’s profit will be $279.38M for 9.42 P/E if the $0.68 EPS becomes a reality. After $0.67 actual earnings per share reported by Invesco Ltd. for the previous quarter, Wall Street now forecasts 1.49 % EPS growth.

Invesco Ltd. is a publicly owned investment manager. The company has market cap of $10.52 billion. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, firms, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds. It has a 8.99 P/E ratio. It manages separate client-focused equity and fixed income portfolios.

Another recent and important Invesco Ltd. (NYSE:IVZ) news was published by which published an article titled: “Invesco: Should You Buy This 4.5% Yielder?” on July 06, 2018.

Invesco Ltd. (NYSE:IVZ) Ratings Chart

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