Invesco (NYSE:IVZ) PT Lowered to $19.50

Invesco (NYSE:IVZ) had its target price dropped by investment analysts at TD Cowen from $21.00 to $19.50 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the asset manager’s stock. TD Cowen’s price objective would indicate a potential upside of 34.39% from the company’s previous close.

Several other equities analysts have also recently commented on the company. UBS Group cut their price target on Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, January 29th. Wells Fargo & Company dropped their target price on Invesco from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $17.00 target price (down from $19.00) on shares of Invesco in a report on Wednesday. TheStreet cut Invesco from a “b-” rating to a “c” rating in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. dropped their target price on Invesco from $17.00 to $16.50 and set a “neutral” rating for the company in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $16.79.

Invesco Trading Down 0.1 %

Invesco stock opened at $14.51 on Wednesday. The business has a 50 day moving average price of $15.70 and a two-hundred day moving average price of $15.43. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.54. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of -19.35, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. Invesco has a 12 month low of $12.48 and a 12 month high of $18.71.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.11%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. As a group, equities analysts forecast that Invesco will post 1.75 EPS for the current year.

Institutional Investors Weigh In On Invesco

A number of hedge funds and other institutional investors have recently bought and sold shares of IVZ. Dimensional Fund Advisors LP boosted its position in Invesco by 23.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,798,051 shares of the asset manager’s stock valued at $246,163,000 after buying an additional 2,592,039 shares during the last quarter. Northern Trust Corp boosted its position in Invesco by 30.7% in the 3rd quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock valued at $86,306,000 after buying an additional 1,395,023 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Invesco by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,034,956 shares of the asset manager’s stock valued at $71,984,000 after buying an additional 136,582 shares during the last quarter. Fisher Asset Management LLC boosted its position in Invesco by 11.1% in the 4th quarter. Fisher Asset Management LLC now owns 3,921,250 shares of the asset manager’s stock valued at $69,955,000 after buying an additional 391,935 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in Invesco by 1,411.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock valued at $67,016,000 after buying an additional 3,507,900 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

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.