June 27, 2016

Citigroup Downgraded Invesco Ltd. (IVZ)


Invesco Ltd. (NYSE:IVZ) was downgraded by equities researchers at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued on Monday, The Fly reports.

In other news, Director Colin Meadows sold 40,433 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $28.43, for a total value of $1,149,510.19. Following the completion of the sale, the director now directly owns 195,074 shares in the company, valued at $5,545,953.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also issued research reports about the company. Deutsche Bank restated a “buy” rating on shares of Invesco in a research note on Sunday, March 20th. Morgan Stanley restated a “buy” rating on shares of Invesco in a research note on Saturday, April 30th. Jefferies Group restated a “buy” rating on shares of Invesco in a research note on Friday, June 10th. Wells Fargo reaffirmed a “buy” rating on shares of Invesco in a report on Tuesday, April 12th. Finally, Zacks Investment Research raised Invesco from a “sell” rating to a “hold” rating in a report on Monday, March 21st. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.08.