Morgan Stanley Cuts Invesco (NYSE:IVZ) Price Target to $15.00

Invesco (NYSE:IVZ) had its target price lowered by Morgan Stanley from $16.00 to $15.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the asset manager’s stock.

Several other research firms have also commented on IVZ. The Goldman Sachs Group reduced their target price on shares of Invesco from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Royal Bank of Canada started coverage on Invesco in a research note on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price objective on the stock. UBS Group boosted their target price on Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. BMO Capital Markets raised their price target on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Finally, Argus lifted their price target on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.03.

Invesco Stock Up 1.1 %

Shares of NYSE:IVZ opened at $12.78 on Thursday. The firm has a fifty day moving average of $15.41 and a 200 day moving average of $16.99. Invesco has a 52-week low of $11.60 and a 52-week high of $19.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The firm has a market capitalization of $5.72 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, research analysts anticipate that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

Institutional Trading of Invesco

Institutional investors have recently bought and sold shares of the company. MML Investors Services LLC boosted its position in shares of Invesco by 21.7% during the third quarter. MML Investors Services LLC now owns 25,868 shares of the asset manager’s stock valued at $454,000 after buying an additional 4,620 shares during the last quarter. Barclays PLC grew its stake in shares of Invesco by 1.5% during the 3rd quarter. Barclays PLC now owns 2,364,174 shares of the asset manager’s stock valued at $41,516,000 after acquiring an additional 35,031 shares during the period. Sanctuary Advisors LLC raised its position in shares of Invesco by 255.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 39,784 shares of the asset manager’s stock valued at $706,000 after purchasing an additional 28,584 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco in the third quarter valued at about $35,000. Finally, Franklin Resources Inc. boosted its stake in Invesco by 136.2% in the 3rd quarter. Franklin Resources Inc. now owns 127,777 shares of the asset manager’s stock worth $2,265,000 after purchasing an additional 73,671 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

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.