Morgan Stanley Lowers Invesco (NYSE:IVZ) Price Target to $15.00

Invesco (NYSE:IVZ) had its price target reduced by Morgan Stanley from $16.00 to $15.00 in a research report sent to investors on Thursday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the asset manager’s stock.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company dropped their target price on Invesco from $19.50 to $14.50 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price on Invesco from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday. UBS Group increased their price target on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, Evercore ISI decreased their price objective on shares of Invesco from $18.00 to $13.00 and set an “in-line” rating on the stock in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Invesco presently has a consensus rating of “Hold” and a consensus target price of $17.03.

Invesco Price Performance

Shares of NYSE IVZ opened at $12.78 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The company has a market cap of $5.72 billion, a PE ratio of 10.83, a P/E/G ratio of 0.98 and a beta of 1.26. The stock has a fifty day moving average price of $15.53 and a 200 day moving average price of $17.02. Invesco has a 1-year low of $11.60 and a 1-year high of $19.55.

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

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 6.42%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s payout ratio is 69.49%.

Hedge Funds Weigh In On Invesco

Institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new stake in Invesco during the 3rd quarter worth about $35,000. Colonial Trust Co SC acquired a new stake in shares of Invesco during the 4th quarter worth about $38,000. Aster Capital Management DIFC Ltd grew its holdings in shares of Invesco by 180.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock worth $42,000 after buying an additional 1,531 shares in the last quarter. Crews Bank & Trust acquired a new position in shares of Invesco in the fourth quarter valued at approximately $44,000. Finally, Resona Asset Management Co. Ltd. purchased a new position in shares of Invesco during the fourth quarter valued at approximately $52,000. 66.09% of the stock is owned by institutional investors and hedge funds.

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.