Invesco (NYSE:IVZ) Price Target Raised to $30.00

Invesco (NYSE:IVZ) had its target price lifted by investment analysts at The Goldman Sachs Group from $29.50 to $30.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the asset manager’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 17.25% from the stock’s previous close.

Several other brokerages have also recently commented on IVZ. BMO Capital Markets boosted their target price on shares of Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, December 10th. Wall Street Zen upgraded Invesco from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Barclays reduced their target price on Invesco from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Invesco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.46.

Invesco Price Performance

Invesco stock traded down $0.85 during mid-day trading on Thursday, reaching $25.59. 2,296,458 shares of the company were exchanged, compared to its average volume of 6,473,739. The firm has a market cap of $11.39 billion, a PE ratio of -16.10, a PEG ratio of 0.49 and a beta of 1.69. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.23 and a quick ratio of 1.23. The company has a fifty day simple moving average of $27.33 and a 200-day simple moving average of $24.27. Invesco has a 12 month low of $11.60 and a 12 month high of $29.61.

Invesco (NYSE:IVZ) last released its earnings results 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. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Invesco had a positive return on equity of 9.69% and a negative net margin of 6.92%.Invesco’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. As a group, equities research analysts expect that Invesco will post 1.87 earnings per share for the current fiscal year.

Institutional Trading of Invesco

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital A Wealth Management LLC lifted its position in shares of Invesco by 4,802.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock worth $26,000 after purchasing an additional 1,633 shares during the period. CNB Bank bought a new position in Invesco during the third quarter worth $26,000. Root Financial Partners LLC acquired a new position in Invesco in the third quarter valued at $30,000. Sentry Investment Management LLC bought a new stake in Invesco during the third quarter valued at $30,000. Finally, American National Bank & Trust bought a new stake in Invesco during the fourth quarter valued at $31,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

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.