BMO Capital Markets Issues Positive Forecast for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ - Get Free Report) had its target price raised by equities research analysts at BMO Capital Markets from $19.00 to $21.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "market perform" rating on the asset manager's stock. BMO Capital Markets' target price points to a potential upside of 8.96% from the company's current price.

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 target price (up from $18.00) on shares of Invesco in a report on Wednesday. Morgan Stanley 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 Tuesday. Barclays boosted their target price on shares of Invesco from $18.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, Argus increased their price objective on Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $19.71.

Invesco Trading Down 0.3 %

NYSE IVZ traded down $0.07 during trading hours on Wednesday, reaching $19.27. The company's stock had a trading volume of 3,595,997 shares, compared to its average volume of 4,059,982. 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 stock has a market cap of $8.66 billion, a P/E ratio of -20.93, a P/E/G ratio of 1.06 and a beta of 1.43. The firm has a fifty day simple moving average of $17.64 and a 200-day simple moving average of $17.27. Invesco has a 52 week low of $14.16 and a 52 week high of $19.49.

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

Institutional Trading of Invesco

A number of hedge funds have recently bought and sold shares of the business. Savant Capital LLC grew its holdings in shares of Invesco by 4.0% in the fourth quarter. Savant Capital LLC now owns 139,522 shares of the asset manager's stock worth $2,439,000 after purchasing an additional 5,323 shares during the last quarter. AlphaStar Capital Management LLC boosted its position in shares of Invesco by 89.9% during the 4th quarter. AlphaStar Capital Management LLC now owns 27,658 shares of the asset manager's stock valued at $483,000 after acquiring an additional 13,090 shares during the last quarter. Entropy Technologies LP lifted its holdings in shares of Invesco by 176.3% in the 4th quarter. Entropy Technologies LP now owns 62,995 shares of the asset manager's stock worth $1,101,000 after acquiring an additional 40,195 shares during the last quarter. Apollon Wealth Management LLC boosted its position in Invesco by 51.7% in the 4th quarter. Apollon Wealth Management LLC now owns 23,444 shares of the asset manager's stock valued at $410,000 after buying an additional 7,986 shares during the period. Finally, Lecap Asset Management Ltd. boosted its position in Invesco by 81.1% during the 4th quarter. Lecap Asset Management Ltd. now owns 74,782 shares of the asset manager's stock valued at $1,307,000 after acquiring an additional 33,489 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

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.

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