Invesco (NYSE:IVZ) PT Raised to $19.50

Invesco (NYSE:IVZ) had its price objective raised by research analysts at The Goldman Sachs Group from $17.50 to $19.50 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the asset manager’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 10.67% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on IVZ. Barclays lifted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday. Evercore ISI boosted 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. Wells Fargo & Company increased their price objective on shares of Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday. UBS Group boosted their target price on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Invesco currently has a consensus rating of “Hold” and an average price target of $18.38.

Invesco Price Performance

Shares of NYSE IVZ opened at $17.62 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 5.80. The firm has a market capitalization of $7.93 billion, a PE ratio of -23.49, a P/E/G ratio of 1.10 and a beta of 1.44. Invesco has a 1-year low of $12.48 and a 1-year high of $18.79. The business’s fifty day moving average price is $17.14 and its two-hundred day moving average price is $16.11.

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

Hedge Funds Weigh In On Invesco

A number of hedge funds and other institutional investors have recently modified their holdings of IVZ. State Board of Administration of Florida Retirement System lifted its stake in Invesco by 10.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 470,626 shares of the asset manager’s stock valued at $7,718,000 after buying an additional 44,417 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Invesco by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager’s stock valued at $24,843,000 after acquiring an additional 58,332 shares in the last quarter. Bessemer Group Inc. boosted its stake in Invesco by 5,321.9% in the 1st quarter. Bessemer Group Inc. now owns 85,341 shares of the asset manager’s stock worth $1,416,000 after purchasing an additional 83,767 shares during the period. Greenwood Capital Associates LLC purchased a new position in Invesco during the 1st quarter worth approximately $1,061,000. Finally, Duality Advisers LP raised its stake in Invesco by 323.0% during the 1st quarter. Duality Advisers LP now owns 95,689 shares of the asset manager’s stock valued at $1,587,000 after purchasing an additional 73,065 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

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.