Invesco (NYSE:IVZ) PT Raised to $17.00

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.

Invesco (NYSE:IVZ – Get Rating) last released its quarterly earnings results on Tuesday, October 25th. The asset manager reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.09). Invesco had a return on equity of 10.39% and a net margin of 18.21%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the firm earned $0.77 EPS. Invesco’s quarterly revenue was down 17.4% on a year-over-year basis. On average, analysts predict that Invesco will post 1.66 EPS for the current fiscal year.

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

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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.