Invesco (NYSE:IVZ) Price Target Lowered to $18.00 at Keefe, Bruyette & Woods

Invesco (NYSE:IVZ) had its price objective decreased by equities researchers at Keefe, Bruyette & Woods from $19.00 to $18.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 8.56% from the company’s previous close.

IVZ has been the subject of several other reports. Royal Bank of Canada raised their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price objective on shares of Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised their target price on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, UBS Group upped their price target on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $18.71.

Invesco Trading Down 1.2 %

Invesco stock opened at $16.58 on Friday. The stock has a market capitalization of $7.45 billion, a PE ratio of -18.02, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. Invesco has a 12-month low of $14.16 and a 12-month high of $18.94. The firm has a 50 day simple moving average of $17.88 and a 200-day simple moving average of $16.80.

Invesco (NYSE:IVZ) last issued its quarterly earnings results 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. Invesco’s revenue was down 20.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS. As a group, equities research analysts expect that Invesco will post 1.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in Invesco by 3.3% during the third quarter. Principal Financial Group Inc. now owns 511,850 shares of the asset manager’s stock valued at $8,988,000 after acquiring an additional 16,473 shares during the period. Franklin Resources Inc. lifted its position in shares of Invesco by 136.2% during the 3rd quarter. Franklin Resources Inc. now owns 127,777 shares of the asset manager’s stock worth $2,265,000 after purchasing an additional 73,671 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Invesco during the 3rd quarter valued at approximately $35,000. Sanctuary Advisors LLC grew its holdings in Invesco by 255.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 39,784 shares of the asset manager’s stock valued at $706,000 after buying an additional 28,584 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Invesco by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock worth $179,666,000 after buying an additional 93,126 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

About Invesco

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.