Barclays Has Lowered Expectations for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its price objective dropped by research analysts at Barclays from $19.00 to $18.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the asset manager’s stock. Barclays‘s target price would indicate a potential upside of 4.80% from the company’s current price.

IVZ has been the topic of a number of other reports. Wells Fargo & Company dropped their price objective on shares of Invesco from $17.50 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday. Evercore ISI boosted their price target on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Morgan Stanley increased their price objective on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Royal Bank of Canada boosted their target price on Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Finally, StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Invesco has a consensus rating of “Hold” and a consensus price target of $18.71.

Invesco Trading Up 1.8 %

Shares of IVZ stock traded up $0.31 on Friday, hitting $17.18. The stock had a trading volume of 1,322,130 shares, compared to its average volume of 2,978,731. The company’s 50 day moving average price is $17.64 and its 200-day moving average price is $17.11. Invesco has a 1 year low of $14.16 and a 1 year high of $18.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. The firm has a market capitalization of $7.72 billion, a P/E ratio of -18.67, a P/E/G ratio of 0.79 and a beta of 1.43.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IVZ. Mercer Global Advisors Inc. ADV lifted its stake in shares of Invesco by 3.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 62,098 shares of the asset manager’s stock worth $965,000 after acquiring an additional 1,937 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Invesco by 4.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 43,898 shares of the asset manager’s stock worth $655,000 after buying an additional 1,742 shares in the last quarter. Seven Eight Capital LP bought a new position in shares of Invesco during the 2nd quarter valued at about $576,000. XTX Topco Ltd grew its position in Invesco by 3.5% in the second quarter. XTX Topco Ltd now owns 43,230 shares of the asset manager’s stock worth $647,000 after buying an additional 1,442 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Invesco by 4.6% during the second quarter. Pacer Advisors Inc. now owns 32,205 shares of the asset manager’s stock worth $482,000 after purchasing an additional 1,409 shares during the period. 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.