Invesco (NYSE:IVZ – Get Rating) had its target price hoisted by Morgan Stanley from $14.00 to $17.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s target price would indicate a potential downside of 10.38% from the stock’s current price.
IVZ has been the subject of a number of other research reports. TheStreet raised shares of Invesco from a “c+” rating to a “b-” rating in a research note on Friday, November 18th. The Goldman Sachs Group upped their price objective on shares of Invesco from $18.50 to $18.70 and gave the company a “neutral” rating in a research note on Friday, January 13th. Credit Suisse Group cut shares of Invesco from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $13.00 to $11.50 in a research note on Wednesday, October 26th. 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 note on Tuesday, October 18th. Finally, StockNews.com began coverage on shares of Invesco in a report on Wednesday, October 12th. They set a “sell” rating for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.86.
Invesco Price Performance
IVZ stock opened at $18.97 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.43 and a quick ratio of 4.43. Invesco has a one year low of $13.20 and a one year high of $24.31. The stock has a market cap of $8.63 billion, a PE ratio of 9.49, a P/E/G ratio of 1.98 and a beta of 1.35. The firm has a 50 day simple moving average of $18.84 and a two-hundred day simple moving average of $17.22.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Natixis Investment Managers International increased its stake in shares of Invesco by 58.6% in the 2nd quarter. Natixis Investment Managers International now owns 23,744 shares of the asset manager’s stock worth $382,000 after acquiring an additional 8,776 shares in the last quarter. Sciencast Management LP bought a new position in shares of Invesco in the 2nd quarter worth about $193,000. Scotia Capital Inc. increased its stake in shares of Invesco by 1.4% in the 2nd quarter. Scotia Capital Inc. now owns 151,819 shares of the asset manager’s stock worth $2,449,000 after acquiring an additional 2,166 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Invesco by 3.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,965,139 shares of the asset manager’s stock worth $31,698,000 after acquiring an additional 69,098 shares in the last quarter. Finally, Live Oak Private Wealth LLC increased its stake in shares of Invesco by 6.6% in the 2nd quarter. Live Oak Private Wealth LLC now owns 261,099 shares of the asset manager’s stock worth $4,212,000 after acquiring an additional 16,241 shares in the last quarter. 69.42% of the stock is currently owned by institutional investors.
Invesco Company Profile
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.
- Get a free copy of the StockNews.com research report on Invesco (IVZ)
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