Invesco (NYSE:IVZ) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Invesco (NYSE:IVZ) had its target price hoisted by analysts at Morgan Stanley from $18.00 to $19.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s target price would suggest a potential downside of 0.31% from the stock’s current price.

A number of other brokerages have also issued reports on IVZ. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $20.00 price target (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their price objective on Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. TD Cowen decreased their price target on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Argus increased their price target on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Barclays increased their price target on shares of Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.94.

Invesco Stock Performance

Shares of IVZ stock opened at $19.06 on Thursday. The business’s fifty day simple moving average is $17.75 and its 200-day simple moving average is $17.37. The company has a market cap of $8.57 billion, a PE ratio of 16.14, a PEG ratio of 1.06 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco has a 12-month low of $14.16 and a 12-month high of $19.55.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating 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%. Analysts expect that Invesco will post 1.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Invesco

A number of large investors have recently modified their holdings of IVZ. Fisher Asset Management LLC grew its stake in Invesco by 2.0% in the 3rd 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 last quarter. Massachusetts Mutual Life Insurance Co. acquired a new stake in shares of Invesco in the third quarter valued at approximately $1,428,196,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Invesco by 1.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock valued at $1,378,000 after purchasing an additional 1,020 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Invesco during the 3rd quarter worth approximately $853,000. Finally, Pacer Advisors Inc. increased its stake in shares of Invesco by 7.8% during the 4th quarter. Pacer Advisors Inc. now owns 36,199 shares of the asset manager’s stock worth $633,000 after purchasing an additional 2,615 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

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.