Morgan Stanley Raises Invesco (NYSE:IVZ) Price Target to $19.00

Invesco (NYSE:IVZ) had its price objective hoisted by investment analysts at Morgan Stanley from $18.00 to $19.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price objective points to a potential downside of 0.31% from the stock’s current price.

Several other brokerages also recently weighed in on IVZ. BMO Capital Markets raised their target price on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada started coverage on shares of Invesco in a research report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price target for the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $20.00 price target (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. TD Cowen reduced 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, January 28th. Finally, Barclays increased their price objective on shares of Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $19.94.

Invesco Stock Up 1.8 %

IVZ opened at $19.06 on Thursday. The firm has a 50 day moving average price of $17.75 and a 200 day moving average price of $17.37. The company has a market cap of $8.57 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. Invesco has a 1 year low of $14.16 and a 1 year high of $19.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. Sell-side analysts expect that Invesco will post 1.85 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Fisher Asset Management LLC raised its position in Invesco by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after buying an additional 87,405 shares during the period. Massachusetts Mutual Life Insurance Co. acquired a new position in Invesco during the third quarter valued at $1,428,196,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Invesco by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock valued at $1,378,000 after buying an additional 1,020 shares during the period. GSA Capital Partners LLP acquired a new position in Invesco in the 3rd quarter valued at approximately $853,000. Finally, Pacer Advisors Inc. increased its stake in Invesco by 7.8% in the 4th quarter. Pacer Advisors Inc. now owns 36,199 shares of the asset manager’s stock valued at $633,000 after buying an additional 2,615 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

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.