Morgan Stanley Issues Positive Forecast for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its target price upped by Morgan Stanley from $24.00 to $26.00 in a research report report published on Monday, Marketbeat reports. They currently have an equal weight rating on the asset manager’s stock.

IVZ has been the topic of a number of other reports. Citigroup raised their price objective on shares of Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Zacks Research raised Invesco to a “hold” rating in a research note on Tuesday, August 12th. Barclays upped their price objective on Invesco from $17.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Invesco in a research report on Saturday, September 27th. Finally, Evercore ISI restated a “positive” rating on shares of Invesco in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.58.

Invesco Price Performance

Shares of NYSE:IVZ opened at $24.12 on Monday. The firm’s 50 day moving average is $21.89 and its two-hundred day moving average is $17.57. The firm has a market capitalization of $10.76 billion, a P/E ratio of 25.94, a PEG ratio of 1.20 and a beta of 1.66. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. Invesco has a 52 week low of $11.60 and a 52 week high of $24.54.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.05). Invesco had a return on equity of 8.60% and a net margin of 10.68%.The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts anticipate that Invesco will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Thursday, August 14th. Invesco’s dividend payout ratio (DPR) is 90.32%.

Insider Buying and Selling

In other Invesco news, Director Stephanie Butcher sold 103,192 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the completion of the sale, the director directly owned 29,855 shares in the company, valued at $660,392.60. This represents a 77.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Invesco

Several institutional investors and hedge funds have recently modified their holdings of the business. D.A. Davidson & CO. boosted its stake in Invesco by 1.6% in the first quarter. D.A. Davidson & CO. now owns 47,462 shares of the asset manager’s stock valued at $720,000 after buying an additional 755 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Invesco by 55.7% in the 2nd quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 761 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of Invesco by 4.8% during the 2nd quarter. Forum Financial Management LP now owns 17,327 shares of the asset manager’s stock valued at $273,000 after purchasing an additional 791 shares during the last quarter. EP Wealth Advisors LLC increased its position in Invesco by 6.8% during the 1st quarter. EP Wealth Advisors LLC now owns 12,477 shares of the asset manager’s stock worth $189,000 after purchasing an additional 792 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Invesco by 0.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 102,584 shares of the asset manager’s stock worth $1,618,000 after purchasing an additional 792 shares in 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.