Invesco (NYSE:IVZ) Receives New Coverage from Analysts at Barclays

Stock analysts at Barclays assumed coverage on shares of Invesco (NYSE:IVZ) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The brokerage set an “equal weight” rating and a $18.00 price target on the asset manager’s stock. Barclays‘s price target indicates a potential upside of 4.77% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Evercore ISI increased their target price on Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a report on Tuesday, August 20th. StockNews.com cut shares of Invesco from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Royal Bank of Canada upped their target price on shares of Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Finally, The Goldman Sachs Group reduced their price objective on Invesco from $17.50 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.20.

Invesco Trading Down 0.1 %

Shares of IVZ stock opened at $17.18 on Tuesday. The company has a market capitalization of $7.73 billion, a P/E ratio of -22.91, a P/E/G ratio of 1.16 and a beta of 1.47. Invesco has a 12-month low of $12.48 and a 12-month high of $18.28. The company has a quick ratio of 6.89, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $15.99 and a 200 day moving average price of $15.69.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. Invesco’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. Research analysts forecast that Invesco will post 1.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Invesco

Large investors have recently modified their holdings of the business. Gables Capital Management Inc. grew its holdings in shares of Invesco by 74.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 700 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Invesco during the 2nd quarter worth approximately $28,000. Sentry Investment Management LLC bought a new stake in shares of Invesco during the 2nd quarter worth approximately $30,000. Quarry LP bought a new stake in shares of Invesco during the 4th quarter worth approximately $37,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Invesco by 182.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,462 shares of the asset manager’s stock valued at $44,000 after buying an additional 1,589 shares during the last quarter. 66.09% 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.