Invesco (NYSE:IVZ) PT Raised to $22.00 at Deutsche Bank Aktiengesellschaft

Invesco (NYSE:IVZGet Rating) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $16.00 to $22.00 in a research note issued on Tuesday, The Fly reports. The firm presently has a “buy” rating on the asset manager’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 17.02% from the company’s current price.

IVZ has been the subject of a number of other reports. StockNews.com started coverage on shares of Invesco in a research report on Wednesday, October 12th. They issued a “sell” rating for the company. UBS Group cut their price objective on shares of Invesco from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, August 1st. Morgan Stanley cut their price objective on shares of Invesco from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, October 27th. The Goldman Sachs Group raised their price objective on shares of Invesco from $14.50 to $15.00 and gave the company a “hold neutral” rating in a research report on Thursday, November 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Invesco from $20.00 to $17.50 and set a “neutral” rating for the company in a research report on Tuesday, October 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.38.

Invesco Price Performance

IVZ opened at $18.80 on Tuesday. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 1.92 and a beta of 1.31. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average price of $15.73 and a 200-day moving average price of $16.89. Invesco has a twelve month low of $13.20 and a twelve month high of $25.62.

Invesco (NYSE:IVZGet Rating) last posted its earnings results on Tuesday, October 25th. The asset manager reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.09). The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a return on equity of 10.39% and a net margin of 18.21%. Invesco’s revenue for the quarter was down 17.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 EPS. Equities analysts expect that Invesco will post 1.7 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Captrust Financial Advisors raised its stake in shares of Invesco by 16.6% during the third quarter. Captrust Financial Advisors now owns 23,847 shares of the asset manager’s stock worth $327,000 after acquiring an additional 3,402 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of Invesco by 41.7% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 16,302 shares of the asset manager’s stock worth $223,000 after acquiring an additional 4,798 shares in the last quarter. Kentucky Retirement Systems raised its stake in shares of Invesco by 42.5% during the third quarter. Kentucky Retirement Systems now owns 35,609 shares of the asset manager’s stock worth $488,000 after acquiring an additional 10,618 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Invesco by 7.0% during the third quarter. Baird Financial Group Inc. now owns 734,676 shares of the asset manager’s stock worth $10,065,000 after acquiring an additional 48,047 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC increased its stake in shares of Invesco by 136.3% in the third quarter. BNP Paribas Arbitrage SNC now owns 486,353 shares of the asset manager’s stock worth $6,663,000 after buying an additional 280,561 shares during the period. 83.58% of the stock is owned by hedge funds and other institutional investors.

About Invesco

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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.

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