Invesco (NYSE:IVZ) Price Target Cut to $15.00 by Analysts at Morgan Stanley

Invesco (NYSE:IVZ) had its price objective dropped by equities researchers at Morgan Stanley from $16.00 to $15.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s target price indicates a potential upside of 17.05% from the stock’s current price.

A number of other equities analysts have also commented on IVZ. Keefe, Bruyette & Woods reiterated 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. TD Cowen lowered Invesco from a “buy” rating to a “hold” rating and cut their price target for the stock from $22.00 to $13.00 in a report on Wednesday, April 9th. The Goldman Sachs Group dropped their target price on shares of Invesco from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday. Argus raised their price target on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Barclays cut their price objective on shares of Invesco from $20.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.03.

Invesco Trading Up 1.4 %

IVZ traded up $0.18 during trading on Thursday, reaching $12.82. The company had a trading volume of 1,036,536 shares, compared to its average volume of 4,255,205. The firm’s 50-day simple moving average is $15.65 and its 200 day simple moving average is $17.06. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. Invesco has a 12-month low of $11.60 and a 12-month high of $19.55. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Equities research analysts anticipate that Invesco will post 1.87 earnings per share for the current year.

Institutional Trading of Invesco

Several hedge funds have recently modified their holdings of the stock. D.A. Davidson & CO. boosted its position in Invesco by 1.5% in the 4th quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager’s stock valued at $816,000 after buying an additional 677 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Invesco by 6.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager’s stock valued at $195,000 after acquiring an additional 710 shares during the last quarter. True Wealth Design LLC increased its position in Invesco by 18.3% in the fourth quarter. True Wealth Design LLC now owns 5,183 shares of the asset manager’s stock worth $91,000 after purchasing an additional 801 shares during the period. Arizona State Retirement System raised its holdings in Invesco by 0.8% during the 4th quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager’s stock worth $1,712,000 after purchasing an additional 812 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in Invesco by 0.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 153,250 shares of the asset manager’s stock valued at $2,677,000 after purchasing an additional 835 shares during the period. 66.09% of the stock is owned by institutional investors.

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.