Invesco (NYSE:IVZ) PT Raised to $19.00 at Barclays

Invesco (NYSE:IVZ) had its target price lifted by research analysts at Barclays from $18.00 to $19.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the asset manager’s stock. Barclays‘s target price would indicate a potential upside of 7.83% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company increased their price objective on shares of Invesco from $16.00 to $16.50 and gave the company an “underweight” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group lifted their price target on Invesco from $17.25 to $17.50 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their price target on Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Invesco has an average rating of “Hold” and a consensus price target of $18.38.

Invesco Stock Up 0.7 %

Shares of NYSE IVZ opened at $17.62 on Wednesday. The company has a 50-day moving average of $17.14 and a 200 day moving average of $16.11. 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 stock has a market cap of $7.93 billion, a PE ratio of -23.49, a P/E/G ratio of 1.10 and a beta of 1.44. Invesco has a 12-month low of $12.48 and a 12-month high of $18.79.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The company’s revenue was down 20.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. As a group, sell-side analysts predict that Invesco will post 1.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Invesco

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Invesco by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock worth $270,540,000 after acquiring an additional 3,349,069 shares during the period. Swedbank AB acquired a new stake in shares of Invesco during the 1st quarter worth approximately $41,475,000. Ossiam raised its position in shares of Invesco by 2,712.9% during the 1st quarter. Ossiam now owns 680,157 shares of the asset manager’s stock worth $11,284,000 after purchasing an additional 655,977 shares during the period. Marshall Wace LLP lifted its holdings in shares of Invesco by 115.7% in the 2nd quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock worth $18,269,000 after purchasing an additional 654,960 shares during the last quarter. Finally, M&G Plc acquired a new position in Invesco during the 1st quarter valued at approximately $8,438,000. 66.09% of the stock is currently 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.