Barclays Lowers Invesco (NYSE:IVZ) Price Target to $18.00

Invesco (NYSE:IVZ - Get Free Report) had its price objective reduced by analysts at Barclays from $19.00 to $18.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the asset manager's stock. Barclays's target price suggests a potential upside of 4.63% from the stock's previous close.

IVZ has been the topic of several other reports. The Goldman Sachs Group lowered their target price 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. Deutsche Bank Aktiengesellschaft lifted their price objective on Invesco from $18.00 to $19.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Morgan Stanley upped their target price on Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. lifted their price target on Invesco from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Finally, UBS Group upped their price objective on shares of Invesco from $17.50 to $19.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Invesco has a consensus rating of "Hold" and a consensus price target of $18.71.

Invesco Stock Performance

IVZ stock traded up $0.33 during midday trading on Friday, reaching $17.20. 4,442,376 shares of the company's stock traded hands, compared to its average volume of 2,411,864. The firm has a market capitalization of $7.73 billion, a PE ratio of -18.70, a price-to-earnings-growth ratio of 0.79 and a beta of 1.43. The company has a 50-day moving average price of $17.63 and a two-hundred day moving average price of $17.14. Invesco has a 52 week low of $14.16 and a 52 week 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.

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

Institutional Investors Weigh In On Invesco

Several institutional investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV increased its position in shares of Invesco by 3.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 62,098 shares of the asset manager's stock valued at $965,000 after acquiring an additional 1,937 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Invesco by 4.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 43,898 shares of the asset manager's stock valued at $655,000 after purchasing an additional 1,742 shares during the period. Seven Eight Capital LP bought a new position in Invesco during the 2nd quarter valued at approximately $576,000. XTX Topco Ltd raised its position in Invesco by 3.5% during the 2nd quarter. XTX Topco Ltd now owns 43,230 shares of the asset manager's stock valued at $647,000 after purchasing an additional 1,442 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Invesco by 4.6% in the 2nd quarter. Pacer Advisors Inc. now owns 32,205 shares of the asset manager's stock worth $482,000 after buying an additional 1,409 shares during the period. 66.09% of the stock is currently owned by hedge funds and other 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.