Analysts Set Invesco Ltd. (NYSE:IVZ) Target Price at $18.83

Shares of Invesco Ltd. (NYSE:IVZ) have been given a consensus rating of “Hold” by the twelve ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $18.71.

Several analysts have commented on the stock. Wells Fargo & Company decreased their price target on shares of Invesco from $17.50 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada boosted their target price on Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Barclays reduced their price objective on Invesco from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. increased their target price on Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, December 20th.

Hedge Funds Weigh In On Invesco

Several hedge funds have recently bought and sold shares of IVZ. Avior Wealth Management LLC boosted its stake in shares of Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Invesco in the 3rd quarter worth about $35,000. Allworth Financial LP increased its position in shares of Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,806 shares during the period. Truvestments Capital LLC bought a new stake in shares of Invesco during the third quarter valued at approximately $76,000. Finally, True Wealth Design LLC purchased a new stake in shares of Invesco in the third quarter valued at approximately $77,000. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Up 2.0 %

IVZ stock opened at $17.20 on Tuesday. The business’s 50-day moving average price is $17.60 and its 200-day moving average price is $17.17. The stock has a market cap of $7.73 billion, a P/E ratio of -18.70, a PEG ratio of 0.79 and a beta of 1.43. Invesco has a twelve month low of $14.16 and a twelve month high of $18.94. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company earned $0.35 EPS. The firm’s quarterly revenue was down 20.8% on a year-over-year basis. On average, equities research analysts forecast that Invesco will post 1.7 EPS for the current year.

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.