Invesco (NYSE:IVZ) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Invesco (NYSE:IVZ) had its price objective boosted by research analysts at Morgan Stanley from $29.00 to $30.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price objective would indicate a potential upside of 1.10% from the company’s current price.

Several other analysts have also weighed in on IVZ. Jefferies Financial Group upgraded Invesco to a “hold” rating in a report on Tuesday, June 30th. Evercore set a $32.00 target price on Invesco in a report on Friday, July 10th. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. The Goldman Sachs Group boosted their price target on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Barclays raised their price objective on shares of Invesco from $26.00 to $31.00 and gave the company an “equal weight” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $29.15.

Invesco Trading Down 2.1%

Shares of NYSE:IVZ opened at $29.67 on Friday. The company has a 50 day moving average of $27.77 and a 200-day moving average of $26.54. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01. The firm has a market cap of $13.15 billion, a P/E ratio of -20.19, a P/E/G ratio of 0.49 and a beta of 1.62. Invesco has a twelve month low of $17.71 and a twelve month high of $31.02.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. Invesco’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 EPS. As a group, analysts anticipate that Invesco will post 2.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Invesco

A number of hedge funds have recently modified their holdings of IVZ. Root Financial Partners LLC lifted its stake in Invesco by 28.2% in the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after acquiring an additional 374 shares in the last quarter. ANB Bank boosted its position in Invesco by 3.1% during the 1st quarter. ANB Bank now owns 12,324 shares of the asset manager’s stock worth $299,000 after acquiring an additional 375 shares during the period. Carrera Capital Advisors grew its stake in Invesco by 3.7% during the 4th quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager’s stock valued at $301,000 after acquiring an additional 408 shares in the last quarter. Vise Technologies Inc. grew its stake in Invesco by 3.3% during the 4th quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock valued at $346,000 after acquiring an additional 425 shares in the last quarter. Finally, EWA LLC increased its holdings in shares of Invesco by 3.8% in the 1st quarter. EWA LLC now owns 12,490 shares of the asset manager’s stock valued at $303,000 after purchasing an additional 452 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

About Invesco

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.