Invesco (NYSE:IVZ) Given New $30.00 Price Target at Morgan Stanley

Invesco (NYSE:IVZ) had its price target increased by analysts at Morgan Stanley from $29.00 to $30.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price objective would suggest a potential upside of 0.99% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Argus reaffirmed a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Evercore set a $32.00 price target on Invesco in a research report on Friday, July 10th. Finally, Jefferies Financial Group upgraded Invesco to a “hold” rating in a research report on Tuesday, June 30th. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Invesco currently has a consensus rating of “Hold” and a consensus price target of $29.15.

Invesco Price Performance

NYSE IVZ traded down $0.59 during trading on Friday, reaching $29.70. 2,828,281 shares of the company traded hands, compared to its average volume of 5,624,639. Invesco has a 1-year low of $17.71 and a 1-year high of $31.02. The company has a market cap of $13.17 billion, a price-to-earnings ratio of -20.20, a P/E/G ratio of 0.50 and a beta of 1.62. The stock’s 50 day moving average price is $27.73 and its two-hundred day moving average price is $26.52. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the business earned $0.44 EPS. Invesco’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, analysts anticipate that Invesco will post 2.74 EPS for the current year.

Hedge Funds Weigh In On Invesco

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American National Bank & Trust acquired a new stake in Invesco in the 4th quarter valued at approximately $31,000. SJS Investment Consulting Inc. raised its holdings in shares of Invesco by 80.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 537 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Invesco by 61.5% during the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after purchasing an additional 558 shares during the last quarter. Torren Management LLC bought a new position in Invesco in the fourth quarter valued at $44,000. Finally, Root Financial Partners LLC boosted its stake in shares of Invesco by 28.2% during the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after buying an additional 374 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

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.