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

Invesco (NYSE:IVZ) had its target price raised by Morgan Stanley from $29.00 to $30.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the asset manager’s stock.

A number of other research firms also recently commented on IVZ. The Goldman Sachs Group upped their price objective on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Argus reissued a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. TD Cowen lifted their target price on Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Finally, JPMorgan Chase & Co. lowered their target price on Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.15.

Invesco Stock Down 2.1%

Shares of NYSE:IVZ opened at $29.67 on Friday. The company has a market capitalization of $13.15 billion, a price-to-earnings ratio of -20.19, a PEG ratio of 0.50 and a beta of 1.62. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01. Invesco has a 12-month low of $17.71 and a 12-month high of $31.02. The business has a 50-day moving average price of $27.77 and a 200 day moving average price of $26.54.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The business’s revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share. Sell-side analysts expect that Invesco will post 2.75 EPS for the current year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were paid a $0.215 dividend. The ex-dividend date was Friday, May 15th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 2.9%. Invesco’s dividend payout ratio (DPR) is currently -58.50%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Root Financial Partners LLC increased its position in 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 period. ANB Bank increased its holdings in shares of Invesco by 3.1% during the first quarter. ANB Bank now owns 12,324 shares of the asset manager’s stock worth $299,000 after purchasing an additional 375 shares during the period. Carrera Capital Advisors grew its position in Invesco by 3.7% during the fourth quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager’s stock worth $301,000 after buying an additional 408 shares in the last quarter. Vise Technologies Inc. grew its holdings in shares of Invesco by 3.3% during the 4th quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock worth $346,000 after purchasing an additional 425 shares in the last quarter. Finally, EWA LLC increased its position in shares of Invesco by 3.8% in the first quarter. EWA LLC now owns 12,490 shares of the asset manager’s stock worth $303,000 after purchasing an additional 452 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

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.