Brokerages Set Invesco Ltd. (NYSE:IVZ) PT at $18.83

Shares of Invesco Ltd. (NYSE:IVZ) have been given an average rating of “Hold” by the twelve research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $18.71.

Several research analysts have recently commented on the company. Morgan Stanley boosted their price target on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Wells Fargo & Company decreased their price target on shares of Invesco from $17.50 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods cut their price target on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, December 20th. Barclays decreased their price objective on shares of Invesco from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, The Goldman Sachs Group cut their price target on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IVZ. Janney Montgomery Scott LLC increased its holdings in shares of Invesco by 83.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 88,446 shares of the asset manager’s stock valued at $1,546,000 after purchasing an additional 40,246 shares in the last quarter. Merit Financial Group LLC purchased a new position in Invesco in the fourth quarter valued at $652,000. Burney Co. raised its position in shares of Invesco by 32.1% in the fourth quarter. Burney Co. now owns 14,452 shares of the asset manager’s stock worth $253,000 after acquiring an additional 3,513 shares during the period. Pallas Capital Advisors LLC boosted its stake in shares of Invesco by 13.4% during the 4th quarter. Pallas Capital Advisors LLC now owns 49,823 shares of the asset manager’s stock worth $871,000 after acquiring an additional 5,889 shares in the last quarter. Finally, Wedmont Private Capital grew its position in shares of Invesco by 16.5% during the 4th quarter. Wedmont Private Capital now owns 18,998 shares of the asset manager’s stock valued at $311,000 after acquiring an additional 2,684 shares during the period. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Trading Up 2.0 %

NYSE IVZ opened at $17.20 on Tuesday. Invesco has a one year low of $14.16 and a one year high of $18.94. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of -18.70, a price-to-earnings-growth ratio of 0.79 and a beta of 1.43. The company’s 50-day simple moving average is $17.60 and its two-hundred day simple moving average is $17.17.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. Invesco’s revenue was down 20.8% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share. Equities analysts forecast that Invesco will post 1.7 EPS for the current fiscal year.

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.