Barclays Boosts Invesco (NYSE:IVZ) Price Target to $19.00

Invesco (NYSE:IVZ) had its price objective upped by stock analysts at Barclays from $18.00 to $19.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the asset manager’s stock. Barclays‘s price objective indicates a potential upside of 7.89% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Evercore ISI raised their price target on shares of Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. The Goldman Sachs Group raised their price target on shares of Invesco from $17.25 to $17.50 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.96.

Invesco Stock Down 2.4 %

Shares of IVZ traded down $0.43 during mid-day trading on Wednesday, reaching $17.61. 120,825 shares of the stock traded hands, compared to its average volume of 4,238,101. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of -24.05, a P/E/G ratio of 1.10 and a beta of 1.44. The stock has a fifty day simple moving average of $17.10 and a 200 day simple moving average of $16.09. Invesco has a 12-month low of $12.48 and a 12-month high of $18.79. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.35 earnings per share. The business’s quarterly revenue was down 20.8% on a year-over-year basis. Sell-side analysts expect that Invesco will post 1.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Invesco

A number of hedge funds have recently added to or reduced their stakes in IVZ. Dimensional Fund Advisors LP raised its stake in shares of Invesco by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock valued at $270,540,000 after purchasing an additional 3,349,069 shares in the last quarter. Swedbank AB bought a new stake in shares of Invesco during the first quarter valued at about $41,475,000. Ossiam raised its stake in shares of Invesco by 2,712.9% during the first quarter. Ossiam now owns 680,157 shares of the asset manager’s stock valued at $11,284,000 after purchasing an additional 655,977 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Invesco by 115.7% during the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock valued at $18,269,000 after purchasing an additional 654,960 shares in the last quarter. Finally, M&G Plc bought a new stake in shares of Invesco during the first quarter valued at about $8,438,000. 66.09% of the stock is currently owned by institutional investors.

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.