Invesco (NYSE:IVZ) PT Raised to $17.00

Invesco (NYSE:IVZ) had its target price increased by investment analysts at Morgan Stanley from $16.00 to $17.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price objective would suggest a potential upside of 11.33% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. TD Cowen initiated coverage on shares of Invesco in a report on Thursday, January 4th. They set an “outperform” rating and a $21.00 price target for the company. Keefe, Bruyette & Woods cut their price target on shares of Invesco from $21.00 to $19.50 and set an “outperform” rating for the company in a report on Wednesday, January 24th. TheStreet downgraded shares of Invesco from a “b-” rating to a “c” rating in a report on Friday, February 23rd. Finally, The Goldman Sachs Group cut their price target on shares of Invesco from $18.00 to $17.75 and set a “neutral” rating for the company in a report on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.46.

Invesco Trading Up 0.2 %

Shares of IVZ stock opened at $15.27 on Wednesday. Invesco has a 52-week low of $12.48 and a 52-week high of $18.71. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of -20.63, a P/E/G ratio of 1.01 and a beta of 1.44. The company has a debt-to-equity ratio of 0.77, a quick ratio of 5.01 and a current ratio of 5.01. The firm has a fifty day moving average of $15.78 and a 200-day moving average of $15.39.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Invesco had a negative net margin of 1.70% and a positive return on equity of 7.93%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the company posted $0.39 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities research analysts forecast that Invesco will post 1.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Invesco

Several institutional investors have recently modified their holdings of IVZ. Raymond James & Associates grew its position in shares of Invesco by 16.8% during the 1st quarter. Raymond James & Associates now owns 102,118 shares of the asset manager’s stock worth $2,355,000 after buying an additional 14,711 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Invesco by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 45,665 shares of the asset manager’s stock worth $1,053,000 after buying an additional 2,827 shares during the period. Blair William & Co. IL grew its position in shares of Invesco by 5.3% during the 1st quarter. Blair William & Co. IL now owns 64,802 shares of the asset manager’s stock worth $1,494,000 after buying an additional 3,241 shares during the period. Aviva PLC grew its position in shares of Invesco by 85.7% during the 1st quarter. Aviva PLC now owns 47,718 shares of the asset manager’s stock worth $1,100,000 after buying an additional 22,027 shares during the period. Finally, Prudential PLC acquired a new stake in shares of Invesco during the 1st quarter worth approximately $273,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

About Invesco

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.