Invesco (NYSE:IVZ) Given New $18.00 Price Target at Barclays

Invesco (NYSE:IVZ) had its target price dropped by Barclays from $19.00 to $18.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the asset manager’s stock. Barclays‘s target price would indicate a potential upside of 4.80% from the stock’s current price.

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft upped their price target on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. upped 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, October 21st. The Goldman Sachs Group cut their price target on Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company lowered their price target on shares of Invesco from $17.50 to $17.00 and set an “underweight” rating for the company in a report on Tuesday. Finally, Morgan Stanley boosted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.71.

Invesco Trading Up 1.8 %

Shares of NYSE:IVZ traded up $0.31 during mid-day trading on Friday, hitting $17.18. The company had a trading volume of 1,322,130 shares, compared to its average volume of 2,978,731. The firm has a fifty day moving average price of $17.64 and a 200 day moving average price of $17.11. The company has a market capitalization of $7.72 billion, a PE ratio of -18.67, a price-to-earnings-growth ratio of 0.79 and a beta of 1.43. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. Invesco has a one year low of $14.16 and a one year high of $18.94.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The business’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. As a group, research analysts forecast that Invesco will post 1.7 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IVZ. Mercer Global Advisors Inc. ADV raised its stake in shares of Invesco by 3.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 62,098 shares of the asset manager’s stock worth $965,000 after buying an additional 1,937 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Invesco by 4.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 43,898 shares of the asset manager’s stock worth $655,000 after acquiring an additional 1,742 shares in the last quarter. Seven Eight Capital LP acquired a new position in Invesco during the second quarter worth $576,000. XTX Topco Ltd lifted its holdings in Invesco by 3.5% during the second quarter. XTX Topco Ltd now owns 43,230 shares of the asset manager’s stock valued at $647,000 after purchasing an additional 1,442 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Invesco by 4.6% during the second quarter. Pacer Advisors Inc. now owns 32,205 shares of the asset manager’s stock valued at $482,000 after purchasing an additional 1,409 shares in the last quarter. 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.