Invesco (NYSE:IVZ - Get Free Report) had its price target lifted by investment analysts at UBS Group from $17.50 to $19.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a "neutral" rating on the asset manager's stock. UBS Group's price objective points to a potential upside of 5.32% from the stock's previous close.
A number of other brokerages also recently issued reports on IVZ. Wells Fargo & Company raised their price objective on Invesco from $16.00 to $16.50 and gave the stock an "underweight" rating in a research report on Wednesday, October 9th. Morgan Stanley raised their price target on shares of Invesco from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Friday. Barclays assumed coverage on shares of Invesco in a research note on Tuesday, August 27th. They issued an "equal weight" rating and a $18.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Thursday, August 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Invesco from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Invesco currently has a consensus rating of "Hold" and a consensus target price of $17.88.
Check Out Our Latest Research Report on Invesco
Invesco Trading Up 0.1 %
NYSE IVZ traded up $0.02 during trading hours on Tuesday, reaching $18.04. The company's stock had a trading volume of 7,079,280 shares, compared to its average volume of 4,258,282. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 5.80. Invesco has a 52 week low of $12.48 and a 52 week high of $18.79. The firm has a fifty day simple moving average of $17.07 and a 200-day simple moving average of $16.08. The stock has a market cap of $8.11 billion, a P/E ratio of -24.27, a P/E/G ratio of 1.10 and a beta of 1.44.
Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.09 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. Invesco's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Equities analysts forecast that Invesco will post 1.66 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Invesco
A number of large investors have recently added to or reduced their stakes in IVZ. State Board of Administration of Florida Retirement System grew its stake in shares of Invesco by 10.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 470,626 shares of the asset manager's stock worth $7,718,000 after purchasing an additional 44,417 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Invesco by 4.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager's stock valued at $24,843,000 after purchasing an additional 58,332 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Invesco by 5,321.9% during the first quarter. Bessemer Group Inc. now owns 85,341 shares of the asset manager's stock valued at $1,416,000 after purchasing an additional 83,767 shares during the last quarter. Greenwood Capital Associates LLC purchased a new stake in shares of Invesco in the 1st quarter worth approximately $1,061,000. Finally, Duality Advisers LP increased its position in Invesco by 323.0% during the 1st quarter. Duality Advisers LP now owns 95,689 shares of the asset manager's stock valued at $1,587,000 after buying an additional 73,065 shares in the last quarter. Institutional investors own 66.09% of the company's stock.
Invesco Company Profile
(
Get Free Report)
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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