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

Invesco (NYSE:IVZ) had its price target dropped by equities research analysts at Morgan Stanley from $28.00 to $26.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price target points to a potential upside of 7.64% from the company’s previous close.

IVZ has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Invesco from a “hold” rating to a “buy” rating and raised their price objective for the company from $26.00 to $31.00 in a research report on Wednesday, December 17th. Royal Bank Of Canada dropped their price target on Invesco from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. Zacks Research downgraded shares of Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. BMO Capital Markets lifted their price target on Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Invesco presently has a consensus rating of “Hold” and an average target price of $28.25.

Invesco Trading Down 0.7%

Shares of NYSE IVZ opened at $24.16 on Wednesday. The stock has a market capitalization of $10.72 billion, a PE ratio of -15.10, a PEG ratio of 0.46 and a beta of 1.66. Invesco has a twelve month low of $11.60 and a twelve month high of $29.61. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.04. The stock has a fifty day simple moving average of $25.44 and a 200-day simple moving average of $25.08.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.04. Invesco had a negative net margin of 6.92% and a positive return on equity of 10.26%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the company earned $0.52 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts forecast that Invesco will post 1.87 earnings per share for the current year.

Institutional Investors Weigh In On Invesco

A number of institutional investors have recently made changes to their positions in the company. CNB Bank bought a new position in Invesco during the third quarter worth $26,000. American National Bank & Trust acquired a new stake in shares of Invesco during the fourth quarter worth $31,000. Sentry Investment Management LLC acquired a new stake in shares of Invesco during the third quarter worth $30,000. Root Financial Partners LLC bought a new position in shares of Invesco in the 3rd quarter worth about $30,000. Finally, Larson Financial Group LLC lifted its position in shares of Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after buying an additional 558 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Company Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.