Invesco (NYSE:IVZ) Stock Price Expected to Rise, UBS Group Analyst Says

Invesco (NYSE:IVZ) had its price objective raised by equities researchers at UBS Group from $17.00 to $21.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the asset manager’s stock. UBS Group’s target price would suggest a potential upside of 13.98% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. The Goldman Sachs Group boosted their price target on shares of Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Argus boosted their target price on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. BMO Capital Markets lifted their price target on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th. Evercore ISI increased their price objective on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Barclays upped their price target on Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Invesco currently has an average rating of “Hold” and a consensus price target of $19.87.

Invesco Stock Up 0.5 %

IVZ opened at $18.43 on Monday. The company has a market cap of $8.28 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. Invesco has a twelve month low of $14.16 and a twelve month high of $19.55. The company has a 50-day moving average price of $17.74 and a 200 day moving average price of $17.36. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. Sell-side analysts expect that Invesco will post 1.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in shares of Invesco by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after acquiring an additional 87,405 shares in the last quarter. Massachusetts Mutual Life Insurance Co. acquired a new stake in Invesco during the third quarter worth approximately $1,428,196,000. Algert Global LLC purchased a new stake in shares of Invesco during the 2nd quarter worth approximately $551,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Invesco by 1.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock valued at $1,378,000 after buying an additional 1,020 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Invesco in the 3rd quarter valued at $853,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

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.