Invesco (NYSE:IVZ) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Invesco (NYSE:IVZ - Get Free Report) had its price objective increased by research analysts at Morgan Stanley from $18.00 to $19.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the asset manager's stock. Morgan Stanley's target price suggests a potential upside of 9.64% from the stock's current price.

Other analysts also recently issued reports about the company. Royal Bank of Canada raised their price objective on Invesco from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 23rd. Barclays boosted their price target on shares of Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group increased their price objective on shares of Invesco from $17.50 to $19.50 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Evercore ISI raised their price target on Invesco from $19.00 to $20.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price objective on Invesco from $16.50 to $17.50 and gave the company an "underweight" rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $18.88.

Invesco Trading Up 3.3 %

NYSE:IVZ traded up $0.55 on Friday, hitting $17.33. The stock had a trading volume of 8,594,831 shares, compared to its average volume of 4,121,861. The company has a fifty day moving average price of $17.88 and a two-hundred day moving average price of $16.80. Invesco has a 1-year low of $14.16 and a 1-year high of $18.94. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of -18.84, a PEG ratio of 1.06 and a beta of 1.43.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share 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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business posted $0.35 earnings per share. The firm's revenue for the quarter was down 20.8% compared to the same quarter last year. Equities research analysts expect that Invesco will post 1.69 earnings per share for the current fiscal year.

Institutional Trading of Invesco

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC raised its position in shares of Invesco by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager's stock worth $79,738,000 after acquiring an additional 87,405 shares in the last quarter. Marshall Wace LLP raised its holdings in Invesco by 115.7% during 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. Seven Eight Capital LP purchased a new stake in shares of Invesco during the 2nd quarter worth approximately $576,000. Massachusetts Mutual Life Insurance Co. acquired a new position in shares of Invesco in the 3rd quarter valued at $1,428,196,000. Finally, Algert Global LLC purchased a new position in shares of Invesco in the 2nd quarter valued at $551,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

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.