Morgan Stanley Forecasts Strong Price Appreciation for Invesco (NYSE:IVZ) Stock

Invesco (NYSE:IVZ) had its price target hoisted by investment analysts at Morgan Stanley from $18.00 to $19.00 in a research report issued on Friday,Benzinga reports. The firm 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 company’s previous close.

IVZ has been the topic of several other reports. Keefe, Bruyette & Woods decreased their target price on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday. Barclays lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada upped their price objective on Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Evercore ISI lifted their target price on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.88.

Invesco Trading Up 3.3 %

Shares of IVZ opened at $17.33 on Friday. Invesco has a fifty-two week low of $14.16 and a fifty-two week high of $18.94. The company has a market capitalization of $7.79 billion, a PE ratio of -18.84, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The stock has a fifty day moving average of $17.88 and a two-hundred day moving average of $16.81. 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) last released its earnings results 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 firm 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 firm posted $0.35 earnings per share. The business’s quarterly revenue was down 20.8% compared to the same quarter last year. As a group, analysts forecast that Invesco will post 1.69 EPS for the current year.

Institutional Trading of Invesco

Large investors have recently modified their holdings of the business. Harmony Asset Management LLC grew its position in shares of Invesco by 1.0% in the 3rd quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock worth $1,078,000 after acquiring an additional 600 shares in the last quarter. Centennial Wealth Advisory LLC boosted its holdings in Invesco by 4.5% in the third quarter. Centennial Wealth Advisory LLC now owns 19,095 shares of the asset manager’s stock worth $335,000 after purchasing an additional 816 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Invesco by 1.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock valued at $1,001,000 after purchasing an additional 946 shares during the last quarter. Fifth Third Bancorp increased its stake in Invesco by 6.1% during the second quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock valued at $249,000 after purchasing an additional 963 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Invesco by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after purchasing an additional 1,020 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

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.