KBW analyst Kyle Voigt downgraded Invesco (IVZ – Research Report) to a Hold yesterday and set a price target of $17.00. The company’s shares closed yesterday at $14.58.
Voigt covers the Financial sector, focusing on stocks such as Charles Schwab, Nasdaq, and Interactive Brokers. According to TipRanks, Voigt has an average return of 4.9% and a 67.35% success rate on recommended stocks.
In addition to KBW, Invesco also received a Hold from Morgan Stanley’s Michael Cyprys in a report issued on April 17. However, on April 8, TD Cowen maintained a Buy rating on Invesco (NYSE: IVZ).
Based on Invesco’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.41 billion and a GAAP net loss of $742.3 million. In comparison, last year the company earned a revenue of $1.44 billion and had a net profit of $187.8 million
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Invesco (IVZ) Company Description:
Invesco Ltd. engages as an independent global investment management firm. It operates through Investment Management segment. The firm offers a range of single-country, regional, and global capabilities across major equity, fixed income and alternative asset classes, delivered through a diverse set of investment vehicles. The company was founded in December 1935 and is headquartered in Atlanta, GA.
