Deutsche Bank Aktiengesellschaft Increases Invesco (NYSE:IVZ) Price Target to $19.00

Invesco (NYSE:IVZ - Get Free Report) had its price objective increased by equities research analysts at Deutsche Bank Aktiengesellschaft from $18.00 to $19.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "hold" rating on the asset manager's stock. Deutsche Bank Aktiengesellschaft's price target would suggest a potential upside of 3.88% from the stock's previous close.

IVZ has been the topic of several other reports. UBS Group boosted their price objective on Invesco from $17.50 to $19.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group boosted their price objective on Invesco from $17.50 to $19.50 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on Invesco from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Barclays boosted their target price on Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded Invesco from a "sell" rating to a "hold" rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $18.63.

Invesco Stock Performance

NYSE IVZ traded up $0.31 on Monday, hitting $18.29. 2,842,036 shares of the company traded hands, compared to its average volume of 4,211,125. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of -19.88, a P/E/G ratio of 1.03 and a beta of 1.44. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The business's 50 day moving average price is $17.37 and its 200-day moving average price is $16.32. Invesco has a 52-week low of $12.82 and a 52-week high of $18.94.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the business earned $0.35 earnings per share. The business's revenue was down 20.8% on a year-over-year basis. Equities analysts expect that Invesco will post 1.69 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in Invesco by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager's stock worth $270,540,000 after purchasing an additional 3,349,069 shares in the last quarter. Swedbank AB bought a new position in Invesco in the first quarter worth approximately $41,475,000. Ossiam grew its stake in Invesco by 2,712.9% in the first quarter. Ossiam now owns 680,157 shares of the asset manager's stock worth $11,284,000 after purchasing an additional 655,977 shares in the last quarter. Marshall Wace LLP grew its stake in Invesco by 115.7% in the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager's stock worth $18,269,000 after purchasing an additional 654,960 shares in the last quarter. Finally, M&G Plc bought a new position in Invesco in the first quarter worth approximately $8,438,000. Institutional investors own 66.09% of the company's stock.

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.