Invesco (NYSE:IVZ) PT Raised to $19.00 at UBS Group

Invesco (NYSE:IVZ) had its price target increased by equities researchers at UBS Group from $17.50 to $19.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the asset manager’s stock. UBS Group’s target price indicates a potential upside of 4.63% from the stock’s current price.

Several other research analysts have also issued reports on IVZ. The Goldman Sachs Group increased their price objective on Invesco from $17.25 to $17.50 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Royal Bank of Canada boosted their price target on shares of Invesco from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. Evercore ISI raised their price objective on shares of Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a report on Tuesday, August 20th. Wells Fargo & Company boosted their target price on Invesco from $16.00 to $16.50 and gave the stock an “underweight” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley raised their price target on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Invesco presently has a consensus rating of “Hold” and a consensus target price of $17.88.

Invesco Price Performance

NYSE:IVZ traded up $0.14 during mid-day trading on Tuesday, hitting $18.16. The company’s stock had a trading volume of 1,764,085 shares, compared to its average volume of 4,232,225. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of -24.21, a P/E/G ratio of 1.10 and a beta of 1.44. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68. Invesco has a fifty-two week low of $12.48 and a fifty-two week high of $18.79. The stock has a fifty day moving average of $17.03 and a 200-day moving average of $16.07.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. Invesco’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. As a group, equities analysts forecast that Invesco will post 1.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Family Firm Inc. acquired a new position in Invesco in the second quarter valued at approximately $28,000. Sentry Investment Management LLC bought a new stake in shares of Invesco during the 2nd quarter valued at $30,000. Fidelis Capital Partners LLC acquired a new position in shares of Invesco in the 1st quarter valued at $52,000. Abich Financial Wealth Management LLC boosted its position in shares of Invesco by 50.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock worth $60,000 after purchasing an additional 1,210 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Invesco during the first quarter worth $64,000. 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.