Invesco (NYSE:IVZ) PT Raised to $19.00

Invesco (NYSE:IVZ) had its target price upped by equities researchers at Evercore ISI from $18.00 to $19.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “in-line” rating on the asset manager’s stock. Evercore ISI’s price target points to a potential upside of 7.83% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Barclays lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. lifted their target price on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Royal Bank of Canada upped their price target on shares of Invesco from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.38.

Invesco Stock Up 0.7 %

Shares of IVZ opened at $17.62 on Wednesday. The stock’s 50-day moving average price is $17.14 and its 200-day moving average price is $16.11. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of -23.49, a PEG ratio of 1.10 and a beta of 1.44. Invesco has a 52 week low of $12.48 and a 52 week high of $18.79.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The business’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, sell-side analysts predict that Invesco will post 1.66 EPS for the current year.

Institutional Investors Weigh In On Invesco

A number of hedge funds have recently modified their holdings of IVZ. Wealthcare Advisory Partners LLC boosted its holdings in Invesco by 9.5% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 38,284 shares of the asset manager’s stock valued at $635,000 after purchasing an additional 3,327 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Invesco by 53.4% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 54,426 shares of the asset manager’s stock worth $903,000 after acquiring an additional 18,942 shares during the period. Aviance Capital Partners LLC increased its stake in Invesco by 2.9% during the first quarter. Aviance Capital Partners LLC now owns 64,931 shares of the asset manager’s stock worth $1,077,000 after acquiring an additional 1,829 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Invesco in the first quarter valued at $169,000. Finally, Norden Group LLC acquired a new position in shares of Invesco in the 1st quarter valued at $450,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

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.