Morgan Stanley Cuts Invesco (NYSE:IVZ) Price Target to $26.00

Invesco (NYSE:IVZ) had its target price lowered by Morgan Stanley from $28.00 to $26.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the asset manager’s stock.

IVZ has been the subject of a number of other research reports. Argus set a $31.00 price target on Invesco in a report on Wednesday, January 28th. Barclays cut their price objective on Invesco from $30.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 28th. BMO Capital Markets upped their target price on Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. Finally, The Goldman Sachs Group lifted their price target on shares of Invesco from $29.50 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $28.25.

Invesco Stock Up 0.1%

IVZ opened at $24.16 on Wednesday. The company has a fifty day moving average of $25.36 and a two-hundred day moving average of $25.09. The stock has a market capitalization of $10.72 billion, a price-to-earnings ratio of -15.10, a PEG ratio of 0.46 and a beta of 1.66. Invesco has a fifty-two week low of $11.60 and a fifty-two week high of $29.61. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38.

Invesco (NYSE:IVZ) last posted 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. Invesco had a negative net margin of 6.92% and a positive return on equity of 10.26%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, research analysts expect that Invesco will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, February 13th. Invesco’s payout ratio is -52.50%.

Hedge Funds Weigh In On Invesco

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Invesco by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock worth $1,391,411,000 after acquiring an additional 947,693 shares during the last quarter. State Street Corp raised its stake in Invesco by 1.5% in the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock valued at $351,051,000 after purchasing an additional 332,340 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Invesco by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock valued at $489,325,000 after purchasing an additional 319,104 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Invesco by 5.3% in the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after purchasing an additional 584,035 shares in the last quarter. Finally, Invesco Ltd. acquired a new stake in Invesco during the 4th quarter worth $230,391,000. Hedge funds and other institutional investors 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.