Invesco (NYSE:IVZ) PT Raised to $17.00

Invesco (NYSE:IVZ) had its price objective boosted by investment analysts at Morgan Stanley from $16.00 to $17.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s target price points to a potential upside of 11.33% from the company’s previous close.

Several other equities analysts also recently issued reports on IVZ. UBS Group decreased their price objective on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday, January 29th. Keefe, Bruyette & Woods decreased their target price on shares of Invesco from $21.00 to $19.50 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. TheStreet downgraded shares of Invesco from a “b-” rating to a “c” rating in a research note on Friday, February 23rd. Royal Bank of Canada increased their target price on shares of Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 18th. Finally, The Goldman Sachs Group decreased their target price on shares of Invesco from $18.00 to $17.75 and set a “neutral” rating for the company in a research note on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.46.

Invesco Stock Performance

NYSE IVZ opened at $15.27 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 5.01 and a quick ratio of 5.01. Invesco has a 1 year low of $12.48 and a 1 year high of $18.71. The company has a market capitalization of $6.86 billion, a PE ratio of -20.63, a P/E/G ratio of 1.01 and a beta of 1.44. The company has a fifty day moving average of $15.78 and a two-hundred day moving average of $15.39.

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, beating the consensus estimate of $0.40 by $0.07. Invesco had a negative net margin of 1.70% and a positive return on equity of 7.93%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Invesco’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, analysts expect that Invesco will post 1.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new position in Invesco in the third quarter valued at about $25,000. Gables Capital Management Inc. increased its holdings in Invesco by 74.9% in the fourth quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock valued at $29,000 after buying an additional 700 shares in the last quarter. Money Concepts Capital Corp increased 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 valued at $30,000 after buying an additional 1,013 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Invesco in the third quarter valued at about $32,000. Finally, Sentry Investment Management LLC purchased a new position in Invesco in the third quarter valued at about $36,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

About Invesco

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.