Morgan Stanley Increases Invesco (NYSE:IVZ) Price Target to $17.00

Invesco (NYSE:IVZ) had its price objective upped by research analysts at Morgan Stanley from $16.00 to $17.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price target indicates a potential downside of 7.03% from the stock’s previous close.

A number of other research firms also recently commented on IVZ. Wells Fargo & Company increased their target price on shares of Invesco from $16.00 to $16.50 and gave the company an “underweight” rating in a research report on Wednesday, October 9th. Barclays assumed coverage on shares of Invesco in a research report on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 target price on the stock. The Goldman Sachs Group increased their target price on shares of Invesco from $17.25 to $17.50 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Evercore ISI increased their target price on shares of Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, August 20th. Finally, StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $17.42.

Invesco Trading Up 0.6 %

Shares of NYSE:IVZ opened at $18.29 on Friday. Invesco has a 52 week low of $12.48 and a 52 week high of $18.35. The company’s 50 day moving average is $16.98 and its two-hundred day moving average is $16.06. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68. The company has a market cap of $8.23 billion, a PE ratio of -24.38, a P/E/G ratio of 1.10 and a beta of 1.44.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. Equities analysts predict that Invesco will post 1.66 earnings per share for the current fiscal year.

Institutional Trading of Invesco

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Centennial Wealth Advisory LLC lifted its stake in shares of Invesco by 3.8% in the second quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock valued at $273,000 after purchasing an additional 669 shares during the period. Wright Investors Service Inc. increased its holdings in Invesco by 2.1% during the 1st quarter. Wright Investors Service Inc. now owns 46,787 shares of the asset manager’s stock valued at $776,000 after acquiring an additional 944 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco by 1.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock valued at $1,001,000 after acquiring an additional 946 shares in the last quarter. Fifth Third Bancorp increased its holdings in Invesco by 6.1% during the 2nd quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock valued at $249,000 after acquiring an additional 963 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Invesco by 11.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,471 shares of the asset manager’s stock valued at $155,000 after acquiring an additional 1,010 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

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.