Invesco (NYSE:IVZ) PT Raised to $17.00 at Morgan Stanley

Invesco (NYSE:IVZ) had its target price boosted by stock analysts at Morgan Stanley from $16.00 to $17.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s target price would indicate a potential upside of 11.55% from the company’s previous close.

Several other research analysts have also commented on the company. Keefe, Bruyette & Woods cut their price objective on Invesco from $21.00 to $19.50 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Wells Fargo & Company lowered their price objective on shares of Invesco from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. UBS Group cut their target price 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. The Goldman Sachs Group lowered their price target on Invesco from $18.00 to $17.75 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. Finally, Royal Bank of Canada upped their price objective on Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Thursday, January 18th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.46.

Invesco Stock Up 0.3 %

Invesco stock opened at $15.24 on Wednesday. The firm has a 50 day simple moving average of $15.80 and a 200 day simple moving average 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 1-year low of $12.48 and a 1-year high of $18.71. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of -20.59, a P/E/G ratio of 1.01 and a beta of 1.44.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IVZ. Gables Capital Management Inc. raised its holdings in Invesco by 74.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock worth $29,000 after purchasing an additional 700 shares in the last quarter. Money Concepts Capital Corp lifted its holdings in Invesco by 150.1% in the fourth quarter. Money Concepts Capital Corp now owns 1,688 shares of the asset manager’s stock worth $30,000 after buying an additional 1,013 shares during the period. Orion Capital Management LLC purchased a new position in shares of Invesco during the 3rd quarter worth approximately $25,000. Cape Cod Five Cents Savings Bank bought a new position in shares of Invesco in the 2nd quarter worth approximately $642,000. Finally, Pinnacle Bancorp Inc. boosted its position in shares of Invesco by 100.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 1,000 shares in the last quarter. 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.