The Goldman Sachs Group Raises Invesco (NYSE:IVZ) Price Target to $30.00

Invesco (NYSE:IVZ) had its price objective upped by stock analysts at The Goldman Sachs Group from $29.50 to $30.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the asset manager’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 13.13% from the stock’s current price.

Several other equities analysts have also recently commented on the company. Wall Street Zen upgraded Invesco from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Zacks Research raised Invesco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. Argus set a $31.00 target price on shares of Invesco in a research note on Wednesday, January 28th. Finally, Royal Bank Of Canada dropped their target price on shares of Invesco from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Invesco currently has an average rating of “Hold” and a consensus target price of $28.46.

Invesco Stock Performance

Invesco stock opened at $26.52 on Thursday. Invesco has a 1-year low of $11.60 and a 1-year high of $29.61. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $11.80 billion, a PE ratio of -16.57, a price-to-earnings-growth ratio of 0.47 and a beta of 1.69. The firm’s 50 day simple moving average is $27.36 and its 200 day simple moving average is $24.32.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Invesco had a negative net margin of 6.92% and a positive return on equity of 9.69%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $0.52 EPS. As a group, analysts expect that Invesco will post 1.87 earnings per share for the current fiscal year.

Institutional Trading of Invesco

Large investors have recently added to or reduced their stakes in the stock. Capital A Wealth Management LLC raised its holdings in 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 in the last quarter. CNB Bank purchased a new position in shares of Invesco during the third quarter valued at about $26,000. Root Financial Partners LLC bought a new position in Invesco in the third quarter worth about $30,000. Sentry Investment Management LLC purchased a new stake in Invesco in the third quarter worth about $30,000. Finally, American National Bank & Trust bought a new stake in Invesco during the 4th quarter valued at approximately $31,000. Institutional investors own 66.09% of the company’s stock.

About Invesco

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.