Invesco (NYSE:IVZ) Price Target Cut to $18.00 by Analysts at Morgan Stanley

Invesco (NYSE:IVZ) had its target price reduced by investment analysts at Morgan Stanley from $19.00 to $18.00 in a report released on Tuesday. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price objective would indicate a potential downside of 7.02% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Barclays dropped their price target on shares of Invesco from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. UBS Group upped their price objective on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods lowered their target price on Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, December 20th. Finally, The Goldman Sachs Group reduced their price target on Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. One research 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $18.50.

Invesco Stock Performance

IVZ stock traded up $1.61 on Tuesday, hitting $19.36. The company had a trading volume of 3,510,283 shares, compared to its average volume of 3,471,694. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of -21.00, a P/E/G ratio of 1.06 and a beta of 1.43. 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 stock’s 50-day simple moving average is $17.60 and its 200 day simple moving average is $17.25. Invesco has a 12-month low of $14.16 and a 12-month high of $19.20.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. As a group, equities research analysts expect that Invesco will post 1.7 earnings per share for the current fiscal year.

Institutional Trading of Invesco

A number of large investors have recently added to or reduced their stakes in IVZ. Avior Wealth Management LLC raised its stake in Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco in the 3rd quarter valued at about $35,000. Allworth Financial LP grew its position in Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,806 shares in the last quarter. Crews Bank & Trust bought a new stake in Invesco during the fourth quarter worth approximately $44,000. Finally, Truvestments Capital LLC purchased a new stake in Invesco during the third quarter valued at approximately $76,000. 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.