Morgan Stanley Lowers Invesco (NYSE:IVZ) Price Target to $18.00

Invesco (NYSE:IVZ) had its price target lowered by equities research analysts at Morgan Stanley from $19.00 to $18.00 in a report released on Tuesday. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price objective would indicate a potential downside of 5.23% from the company’s current price.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft upped their price target on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price target on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. The Goldman Sachs Group cut their price target on Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Finally, Evercore ISI boosted their price target on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Invesco presently has a consensus rating of “Hold” and an average target price of $19.71.

Invesco Trading Down 1.8 %

IVZ opened at $18.99 on Tuesday. The stock has a 50-day moving average of $17.67 and a 200 day moving average of $17.28. Invesco has a 12 month low of $14.16 and a 12 month high of $19.49. The firm has a market cap of $8.54 billion, a P/E ratio of -20.64, 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 announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. As a group, research analysts forecast that Invesco will post 1.7 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in shares of Invesco by 1.5% in the fourth quarter. Van ECK Associates Corp now owns 161,758 shares of the asset manager’s stock valued at $2,828,000 after buying an additional 2,316 shares during the last quarter. Savant Capital LLC grew its stake in Invesco by 4.0% during the 4th quarter. Savant Capital LLC now owns 139,522 shares of the asset manager’s stock valued at $2,439,000 after acquiring an additional 5,323 shares in the last quarter. AlphaStar Capital Management LLC raised its holdings in Invesco by 89.9% in the 4th quarter. AlphaStar Capital Management LLC now owns 27,658 shares of the asset manager’s stock valued at $483,000 after acquiring an additional 13,090 shares during the last quarter. Entropy Technologies LP lifted its stake in Invesco by 176.3% in the 4th quarter. Entropy Technologies LP now owns 62,995 shares of the asset manager’s stock worth $1,101,000 after purchasing an additional 40,195 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in shares of Invesco by 51.7% during the 4th quarter. Apollon Wealth Management LLC now owns 23,444 shares of the asset manager’s stock worth $410,000 after purchasing an additional 7,986 shares during the last quarter. 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.