Invesco (NYSE:IVZ) Price Target Raised to $19.00

Invesco (NYSE:IVZ) had its price objective boosted by Morgan Stanley from $18.00 to $19.00 in a research note released on Friday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the asset manager’s stock.

A number of other research analysts also recently weighed in on IVZ. Royal Bank of Canada lifted their price target on Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods dropped their target price on Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday. Evercore ISI raised their price target on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on shares of Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their target price on shares of Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.88.

Invesco Price Performance

IVZ stock opened at $17.33 on Friday. Invesco has a one year low of $14.16 and a one year high of $18.94. The firm has a 50-day moving average of $17.88 and a two-hundred day moving average of $16.82. The firm has a market capitalization of $7.79 billion, a PE ratio of -18.84, a P/E/G ratio of 1.06 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The firm’s quarterly revenue was down 20.8% on a year-over-year basis. On average, analysts forecast that Invesco will post 1.69 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.73%. The ex-dividend date was Thursday, November 14th. Invesco’s payout ratio is -89.13%.

Institutional Trading of Invesco

Institutional investors and hedge funds have recently made changes to their positions in the stock. Avior Wealth Management LLC increased its holdings in shares of Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 1,285 shares during the last quarter. Family Firm Inc. acquired a new position in Invesco during the second quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco in the third quarter valued at approximately $35,000. Sentry Investment Management LLC acquired a new stake in shares of Invesco in the second quarter worth $30,000. Finally, Allworth Financial LP boosted its holdings in shares of Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after buying an additional 1,806 shares during the period. Institutional investors and hedge funds 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.