TD Cowen Issues Pessimistic Forecast for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its target price cut by analysts at TD Cowen from $20.00 to $19.00 in a research note issued on Tuesday. The brokerage currently has a “buy” rating on the asset manager’s stock. TD Cowen’s price objective points to a potential upside of 0.04% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Keefe, Bruyette & Woods cut their price objective on Invesco from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, December 20th. The Goldman Sachs Group reduced their price objective on Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada began coverage on Invesco in a research report on Tuesday. They set a “sector perform” rating and a $19.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their target price on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company reduced 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, January 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Invesco has a consensus rating of “Hold” and a consensus price target of $19.71.

Invesco Stock Performance

Shares of IVZ stock opened at $18.99 on Tuesday. 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 stock has a market cap of $8.54 billion, a PE ratio of -20.64, a P/E/G 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 $19.49. The stock has a fifty day moving average price of $17.67 and a 200 day moving average price of $17.28.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. Sell-side analysts forecast that Invesco will post 1.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Invesco

Hedge funds and other institutional investors have recently modified their holdings of the company. Avior Wealth Management LLC raised its holdings in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after buying an additional 1,285 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco in the 3rd quarter valued at $35,000. Allworth Financial LP lifted its holdings in shares of Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 1,806 shares in the last quarter. Crews Bank & Trust purchased a new stake in Invesco during the 4th quarter worth $44,000. Finally, Truvestments Capital LLC acquired a new stake in Invesco in the 3rd quarter valued at $76,000. 66.09% of the stock is owned by institutional investors and hedge funds.

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.