Invesco (NYSE:IVZ) Price Target Lowered to $26.00 at Morgan Stanley

Invesco (NYSE:IVZ) had its price objective reduced by Morgan Stanley from $28.00 to $26.00 in a research note published on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the asset manager’s stock.

A number of other equities research analysts also recently commented on IVZ. Weiss Ratings reissued a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. Zacks Research downgraded shares of Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. The Goldman Sachs Group increased their target price on Invesco from $29.50 to $30.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. BMO Capital Markets raised their price target on Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, December 10th. Finally, Royal Bank Of Canada decreased their price target on Invesco from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Invesco presently has a consensus rating of “Hold” and a consensus price target of $28.25.

Invesco Stock Up 0.2%

IVZ stock opened at $24.33 on Wednesday. The company’s 50 day moving average price is $25.54 and its 200 day moving average price is $25.09. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38. Invesco has a fifty-two week low of $11.60 and a fifty-two week high of $29.61. The firm has a market capitalization of $10.79 billion, a price-to-earnings ratio of -15.21, a PEG ratio of 0.46 and a beta of 1.66.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Invesco had a negative net margin of 6.92% and a positive return on equity of 10.26%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities research analysts anticipate that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, February 13th. Invesco’s payout ratio is currently -52.50%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IVZ. Invesco Ltd. purchased a new stake in Invesco in the fourth quarter valued at $230,391,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Invesco by 368.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,729,393 shares of the asset manager’s stock worth $176,782,000 after purchasing an additional 5,292,867 shares during the last quarter. Norges Bank purchased a new position in shares of Invesco during the fourth quarter worth about $102,523,000. First Trust Advisors LP increased its position in shares of Invesco by 5,065.4% during the second quarter. First Trust Advisors LP now owns 3,380,933 shares of the asset manager’s stock worth $53,317,000 after purchasing an additional 3,315,480 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Invesco during the third quarter worth about $55,719,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Company Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.