Invesco (IVZ) Given a $19.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a $19.00 target price on Invesco (NYSE:IVZ) in a research note published on Friday morning. The firm currently has a hold rating on the asset manager’s stock.

Other analysts have also issued research reports about the company. Deutsche Bank dropped their price objective on Invesco from $27.00 to $25.00 and set a buy rating on the stock in a research note on Friday, November 16th. Royal Bank of Canada restated a buy rating and issued a $30.00 price objective on shares of Invesco in a research note on Friday, October 19th. Barclays restated a buy rating and issued a $19.00 price objective on shares of Invesco in a research note on Thursday, January 10th. Zacks Investment Research upgraded Invesco from a sell rating to a hold rating in a research note on Tuesday, October 16th. Finally, Credit Suisse Group restated a hold rating on shares of Invesco in a research note on Thursday, January 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Invesco currently has an average rating of Hold and an average target price of $23.70.

NYSE:IVZ opened at $18.00 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 1.06 and a beta of 1.50. Invesco has a 12-month low of $15.38 and a 12-month high of $35.03.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Wednesday, January 30th. The asset manager reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.10). The business had revenue of $919.20 million during the quarter, compared to the consensus estimate of $913.37 million. Invesco had a net margin of 16.61% and a return on equity of 10.88%. Invesco’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. Equities research analysts predict that Invesco will post 2.22 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend is Wednesday, February 13th. Invesco’s dividend payout ratio is currently 49.38%.

A number of institutional investors have recently modified their holdings of IVZ. American Century Companies Inc. grew its stake in shares of Invesco by 19.8% in the 3rd quarter. American Century Companies Inc. now owns 19,693,259 shares of the asset manager’s stock valued at $450,582,000 after buying an additional 3,250,743 shares during the period. Federated Investors Inc. PA lifted its position in shares of Invesco by 114.1% during the 3rd quarter. Federated Investors Inc. PA now owns 5,085,662 shares of the asset manager’s stock worth $116,361,000 after buying an additional 2,709,900 shares in the last quarter. BlackRock Inc. lifted its position in shares of Invesco by 4.6% during the 4th quarter. BlackRock Inc. now owns 34,987,298 shares of the asset manager’s stock worth $585,687,000 after buying an additional 1,552,429 shares in the last quarter. CWM LLC lifted its position in shares of Invesco by 94,886.4% during the 4th quarter. CWM LLC now owns 1,440,943 shares of the asset manager’s stock worth $24,121,000 after buying an additional 1,439,426 shares in the last quarter. Finally, Kiltearn Partners LLP lifted its position in shares of Invesco by 18.9% during the 3rd quarter. Kiltearn Partners LLP now owns 8,758,297 shares of the asset manager’s stock worth $200,390,000 after buying an additional 1,393,287 shares in the last quarter. Hedge funds and other institutional investors own 79.67% of the company’s stock.

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.

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