Invesco (NYSE:IVZ) PT Raised to $17.00 at Morgan Stanley

Invesco (NYSE:IVZ) had its price objective lifted by equities research analysts at Morgan Stanley from $16.00 to $17.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price target points to a potential downside of 8.75% from the stock’s current price.

A number of other analysts have also recently commented on the stock. Evercore ISI upped their price objective on shares of Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, August 20th. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a report on Friday. Barclays began coverage on Invesco in a report on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 price objective on the stock. The Goldman Sachs Group increased their target price on Invesco from $17.25 to $17.50 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company lifted their price target on shares of Invesco from $16.00 to $16.50 and gave the company an “underweight” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $17.42.

Invesco Price Performance

Invesco stock opened at $18.63 on Friday. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $8.38 billion, a P/E ratio of -24.84, a PEG ratio of 1.10 and a beta of 1.44. The business has a 50-day moving average of $17.03 and a 200-day moving average of $16.07. Invesco has a 1 year low of $12.48 and a 1 year high of $18.79.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 earnings per share. On average, equities analysts anticipate that Invesco will post 1.66 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IVZ. Family Firm Inc. bought a new stake in shares of Invesco during the 2nd quarter worth approximately $28,000. Sentry Investment Management LLC acquired a new stake in Invesco in the second quarter valued at $30,000. Fidelis Capital Partners LLC bought a new position in shares of Invesco in the 1st quarter valued at about $52,000. Abich Financial Wealth Management LLC increased its stake in shares of Invesco by 50.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock worth $60,000 after purchasing an additional 1,210 shares during the last quarter. Finally, HHM Wealth Advisors LLC acquired a new stake in Invesco in the 2nd quarter valued at about $61,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Company Profile

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.