Invesco Ltd. (IVZ) was Downgraded by Deutsche Bank to ” Hold” while Lowering the Price Target of the company shares to $ 32 from a previous price target of $36 . Earlier the firm had a rating of “Buy ” on the company shares. Deutsche Bank advised their investors in a research report released on Oct 14, 2016.
On the company’s financial health, Invesco Ltd. reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.54. The company had revenue of $1189.40 million for the quarter, compared to analysts expectations of $1209.62 million. The company’s revenue was down -9.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.63 EPS.
Invesco Ltd. closed down -0.71 points or -2.27% at $30.54 with 56,99,024 shares getting traded on Tuesday. Post opening the session at $31.09, the shares hit an intraday low of $30.37 and an intraday high of $31.44 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Sep 12, 2016, Edward P Lawrence (director) sold 1,609 shares at $30.84 per share price. According to the SEC, on Aug 2, 2016, Ben F. Iii Johnson (director) purchased 2,000 shares at $29.24 per share price. On Jun 14, 2016, Colin Meadows (Senior Managing Director) sold 40,433 shares at $28.43 per share price, according to the Form-4 filing with the securities and exchange commission.
Invesco Ltd. (Invesco) is an independent global investment manager. The Company delivers an array of investment capabilities and services to retail and institutional investors through its global platform. The Company has presence in the institutional and retail markets within the investment management industry in North America the United Kingdom Europe the Middle East and Asia-Pacific. The Company offers a range of domestic and global institutional strategies including traditional and quantitative equities fixed income (including money market funds for institutional clients) real estate private equity financial structures and absolute return strategies. Invesco offers retail investment solutions to clients through third-party financial intermediaries including traditional broker-dealers fund supermarkets retirement platforms financial advisors banks insurance companies and trust companies.