Invesco (NYSE:IVZ) Given New $24.00 Price Target at Barclays

Invesco (NYSE:IVZ) had its price target cut by research analysts at Barclays from $29.00 to $24.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the asset manager’s stock. Barclays‘s price target would suggest a potential downside of 3.06% from the stock’s current price.

IVZ has been the topic of a number of other research reports. Wall Street Zen downgraded Invesco from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. JPMorgan Chase & Co. raised their target price on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Evercore set a $27.00 target price on Invesco in a research note on Friday, April 10th. The Goldman Sachs Group reduced their target price on shares of Invesco from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.61.

Invesco Trading Up 3.1%

Invesco stock traded up $0.75 during trading hours on Friday, reaching $24.76. The company had a trading volume of 958,058 shares, compared to its average volume of 5,829,936. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.38 and a quick ratio of 1.38. The company has a 50-day moving average price of $24.75 and a 200 day moving average price of $25.18. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of -15.48, a P/E/G ratio of 0.61 and a beta of 1.66. Invesco has a 12-month low of $12.27 and a 12-month high of $29.61.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Root Financial Partners LLC boosted its stake in Invesco by 28.2% during the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 374 shares during the last quarter. Carrera Capital Advisors raised its stake in Invesco by 3.7% during the 4th quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager’s stock valued at $301,000 after buying an additional 408 shares during the last quarter. Vise Technologies Inc. raised its stake in Invesco by 3.3% during the 4th quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock valued at $346,000 after buying an additional 425 shares during the last quarter. Wedmont Private Capital raised its stake in Invesco by 2.2% during the 4th quarter. Wedmont Private Capital now owns 21,236 shares of the asset manager’s stock valued at $588,000 after buying an additional 456 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in Invesco by 18.4% during the 3rd quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock valued at $70,000 after buying an additional 472 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

About Invesco

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.