Invesco (NYSE:IVZ) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Invesco (NYSE:IVZ) had its target price raised by Morgan Stanley from $18.00 to $19.00 in a report released on Friday,Benzinga reports. They currently have an equal weight rating on the asset manager’s stock.

Several other research firms also recently weighed in on IVZ. The Goldman Sachs Group upped their price objective on shares of Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Evercore ISI increased their price objective on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods lowered their price objective on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft upped 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, JPMorgan Chase & Co. lifted their price target on Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.88.

Invesco Stock Performance

Shares of IVZ opened at $17.33 on Friday. 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 business’s fifty day moving average price is $17.88 and its 200 day moving average price is $16.80. The stock has a market capitalization of $7.79 billion, a PE ratio of -18.84, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43.

Invesco (NYSE:IVZ) last released 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 for the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The business’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. Equities research analysts forecast that Invesco will post 1.69 EPS for the current year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th were paid a $0.205 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.73%. Invesco’s dividend payout ratio is currently -89.13%.

Institutional Investors Weigh In On Invesco

Large investors have recently made changes to their positions in the company. Avior Wealth Management LLC lifted its stake in Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after acquiring an additional 1,285 shares in the last quarter. Family Firm Inc. acquired a new position in Invesco in the 2nd quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB purchased a new stake in Invesco in the 3rd quarter worth approximately $35,000. Sentry Investment Management LLC acquired a new stake in shares of Invesco during the 2nd quarter valued at $30,000. Finally, Allworth Financial LP grew 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 valued at $42,000 after acquiring an additional 1,806 shares in the last quarter. 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.