Invesco (NYSE:IVZ) Price Target Increased to $17.00 by Analysts at Morgan Stanley

Invesco (NYSE:IVZ) had its price target increased by equities research analysts at Morgan Stanley from $16.00 to $17.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price objective points to a potential upside of 11.55% from the company’s current price.

IVZ has been the topic of several other reports. The Goldman Sachs Group dropped their price target on shares of Invesco from $18.00 to $17.75 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. UBS Group reduced their price target on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, January 29th. TD Cowen began coverage on Invesco in a report on Thursday, January 4th. They set an “outperform” rating and a $21.00 price objective on the stock. Finally, TheStreet cut Invesco from a “b-” rating to a “c” rating in a research report on Friday, February 23rd. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Invesco presently has an average rating of “Hold” and a consensus price target of $17.46.

Invesco Stock Performance

Shares of IVZ stock opened at $15.24 on Wednesday. The company has a market cap of $6.85 billion, a P/E ratio of -20.59, a PEG ratio of 1.01 and a beta of 1.44. The firm has a fifty day moving average price of $15.80 and a 200 day moving average price of $15.39. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.77. Invesco has a 12 month low of $12.48 and a 12 month high of $18.71.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Invesco had a positive return on equity of 7.93% and a negative net margin of 1.70%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the firm posted $0.39 EPS. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. Sell-side analysts predict that Invesco will post 1.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Invesco

Several large investors have recently modified their holdings of IVZ. Raymond James & Associates increased its stake in Invesco by 16.8% in the 1st quarter. Raymond James & Associates now owns 102,118 shares of the asset manager’s stock valued at $2,355,000 after buying an additional 14,711 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Invesco by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 45,665 shares of the asset manager’s stock valued at $1,053,000 after purchasing an additional 2,827 shares in the last quarter. Blair William & Co. IL grew its holdings in Invesco by 5.3% during the 1st quarter. Blair William & Co. IL now owns 64,802 shares of the asset manager’s stock valued at $1,494,000 after buying an additional 3,241 shares during the last quarter. Aviva PLC increased its position in Invesco by 85.7% during the 1st quarter. Aviva PLC now owns 47,718 shares of the asset manager’s stock worth $1,100,000 after purchasing an additional 22,027 shares in the last quarter. Finally, Prudential PLC acquired a new position in shares of Invesco in the first quarter valued at approximately $273,000. Hedge funds and other institutional investors own 66.09% 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.