The Goldman Sachs Group Has Lowered Expectations for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its price target decreased by research analysts at The Goldman Sachs Group from $18.50 to $17.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the asset manager’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 32.99% from the company’s current price.

IVZ has been the subject of a number of other research reports. BMO Capital Markets boosted their price target on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. UBS Group upped their target price on Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. TD Cowen cut their price target on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $20.00 price objective (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Finally, Barclays raised their target price on shares of Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Invesco presently has an average rating of “Hold” and a consensus target price of $19.30.

Invesco Stock Performance

Shares of Invesco stock opened at $12.78 on Thursday. Invesco has a 52 week low of $12.35 and a 52 week high of $19.55. The company has a market capitalization of $5.72 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. The stock’s fifty day moving average is $16.85 and its two-hundred day moving average is $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 posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, analysts expect that Invesco will post 1.87 earnings per share for the current year.

Institutional Investors Weigh In On Invesco

Large investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco during the third quarter valued at $35,000. Colonial Trust Co SC purchased a new stake in Invesco during the 4th quarter valued at about $38,000. Aster Capital Management DIFC Ltd increased its holdings in shares of Invesco by 180.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,531 shares during the period. Crews Bank & Trust purchased a new position in shares of Invesco in the fourth quarter worth about $44,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Invesco during the fourth quarter worth about $52,000. 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.