Morgan Stanley Raises Invesco (NYSE:IVZ) Price Target to $19.00

Invesco (NYSE:IVZ - Free Report) had its price objective hoisted by Morgan Stanley from $18.00 to $19.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the asset manager's stock.

A number of other equities analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $20.00 target price (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Barclays raised their price target on Invesco from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. UBS Group boosted their price objective on Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada began coverage on shares of Invesco in a report on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 target price on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Invesco presently has an average rating of "Hold" and a consensus target price of $19.94.

Invesco Price Performance

Shares of IVZ traded down $0.19 during mid-day trading on Thursday, reaching $18.73. 3,915,801 shares of the stock traded hands, compared to its average volume of 4,330,104. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth 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 $19.55. The firm has a fifty day moving average price of $17.79 and a 200 day moving average price of $17.41. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, equities research analysts predict that Invesco will post 1.85 earnings per share for the current year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.38%. Invesco's dividend payout ratio (DPR) is presently 69.49%.

Institutional Investors Weigh In On Invesco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IVZ. Truist Financial Corp lifted its stake in shares of Invesco by 48.5% during the 2nd quarter. Truist Financial Corp now owns 208,993 shares of the asset manager's stock valued at $3,127,000 after buying an additional 68,221 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Invesco in the second quarter valued at about $164,000. Czech National Bank boosted its stake in shares of Invesco by 6.9% in the third quarter. Czech National Bank now owns 91,669 shares of the asset manager's stock worth $1,610,000 after acquiring an additional 5,950 shares during the period. GAMMA Investing LLC grew its position in shares of Invesco by 9.4% during the third quarter. GAMMA Investing LLC now owns 16,197 shares of the asset manager's stock worth $284,000 after purchasing an additional 1,393 shares in the last quarter. Finally, Mather Group LLC. raised its stake in Invesco by 25.4% during the 3rd quarter. Mather Group LLC. now owns 32,612 shares of the asset manager's stock valued at $573,000 after purchasing an additional 6,611 shares during the period. Institutional investors own 66.09% of the company's stock.

Invesco Company Profile

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.