Invesco (NYSE:IVZ) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Invesco (NYSE:IVZ) had its price objective boosted by analysts at The Goldman Sachs Group from $19.00 to $20.75 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the asset manager’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 7.76% from the company’s current price.

Several other research analysts have also issued reports on IVZ. Royal Bank of Canada started coverage on Invesco in a research report on Tuesday. They issued a “sector perform” rating and a $19.00 price target on the stock. Evercore ISI boosted their target price on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. TD Cowen cut their price target on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Finally, Argus lifted 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. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Invesco currently has a consensus rating of “Hold” and an average target price of $19.71.

Invesco Price Performance

Shares of IVZ stock opened at $19.26 on Wednesday. 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 has a 12 month low of $14.16 and a 12 month high of $19.55. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of -20.93, a PEG ratio of 1.06 and a beta of 1.43. The stock has a 50-day moving average price of $17.70 and a 200 day moving average price of $17.30.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. Research analysts expect that Invesco will post 1.7 EPS for the current year.

Institutional Investors Weigh In On Invesco

Institutional investors have recently bought and sold shares of the company. Avior Wealth Management LLC raised its holdings in shares of Invesco by 484.9% in 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 last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Invesco in the 3rd quarter valued at $35,000. Allworth Financial LP lifted its position in Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after buying an additional 1,806 shares in the last quarter. Crews Bank & Trust acquired a new position in shares of Invesco during the 4th quarter worth about $44,000. Finally, Truvestments Capital LLC bought a new position in shares of Invesco in the 3rd quarter valued at about $76,000. Institutional investors 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.