Invesco (NYSE:IVZ) Price Target Raised to $22.00

Invesco (NYSE:IVZ) had its price objective hoisted by equities researchers at Argus from $20.00 to $22.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the asset manager’s stock. Argus’ price objective would suggest a potential upside of 14.26% from the stock’s current price.

IVZ has been the topic of several other reports. The Goldman Sachs Group decreased their price objective on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Morgan Stanley decreased their target price on Invesco from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Evercore ISI boosted their price target on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Barclays raised their price objective on Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $19.71.

Invesco Stock Up 1.3 %

IVZ stock opened at $19.26 on Wednesday. Invesco has a one year low of $14.16 and a one year high of $19.55. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The firm’s fifty day moving average is $17.70 and its 200 day moving average is $17.30. The firm has a market cap of $8.65 billion, a PE ratio of -20.93, a P/E/G ratio of 1.06 and a beta of 1.43.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. On average, research analysts forecast that Invesco will post 1.7 EPS for the current year.

Institutional Trading of Invesco

Institutional investors have recently added to or reduced their stakes in the business. Massachusetts Mutual Life Insurance Co. acquired a new stake in shares of Invesco during the 3rd quarter worth approximately $1,428,196,000. State Street Corp increased its position in Invesco by 0.7% in the third quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock worth $369,823,000 after buying an additional 151,408 shares during the period. Geode Capital Management LLC lifted its stake in Invesco by 0.9% in the third quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock valued at $179,666,000 after buying an additional 93,126 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Invesco by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after acquiring an additional 87,405 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Invesco by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,311,814 shares of the asset manager’s stock worth $75,715,000 after acquiring an additional 45,891 shares during the last quarter. 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.