Invesco (NYSE:IVZ) Price Target Increased to $17.00 by Analysts at Morgan Stanley

Invesco (NYSE:IVZ) had its price objective hoisted by Morgan Stanley from $16.00 to $17.00 in a report issued on Wednesday, Benzinga reports. They currently have an equal weight rating on the asset manager’s stock.

A number of other brokerages have also recently issued reports on IVZ. Wells Fargo & Company decreased their price objective on shares of Invesco from $20.00 to $19.00 and set an overweight rating for the company in a report on Wednesday, January 24th. TD Cowen initiated coverage on shares of Invesco in a report on Thursday, January 4th. They issued an outperform rating and a $21.00 price objective for the company. UBS Group decreased their price objective on shares of Invesco from $18.00 to $17.00 and set a neutral rating for the company in a report on Monday, January 29th. TheStreet cut shares of Invesco from a b- rating to a c rating in a report on Friday, February 23rd. Finally, StockNews.com upgraded shares of Invesco from a sell rating to a hold rating in a report on Friday, February 23rd. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of $17.46.

Invesco Stock Up 0.7 %

Invesco stock opened at $15.37 on Wednesday. The company’s fifty day simple moving average is $15.77 and its 200-day simple moving average is $15.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 5.01 and a current ratio of 5.01. Invesco has a 12 month low of $12.48 and a 12 month high of $18.71.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 23rd. The asset manager reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. Invesco had a negative net margin of 1.70% and a positive return on equity of 7.93%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company posted $0.39 EPS. Invesco’s revenue was down 5.6% on a year-over-year basis. On average, sell-side analysts predict that Invesco will post 1.76 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Friday, February 16th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date was Thursday, February 15th. Invesco’s dividend payout ratio (DPR) is -108.11%.

Institutional Investors Weigh In On Invesco

A number of hedge funds have recently bought and sold shares of IVZ. State Street Corp boosted its holdings in Invesco by 58.2% during the third quarter. State Street Corp now owns 25,414,143 shares of the asset manager’s stock valued at $348,174,000 after acquiring an additional 9,345,810 shares during the period. Trian Fund Management L.P. raised its position in shares of Invesco by 18.8% during the first quarter. Trian Fund Management L.P. now owns 54,034,034 shares of the asset manager’s stock valued at $1,404,885,000 after buying an additional 8,560,175 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Invesco by 14.0% during the first quarter. Vanguard Group Inc. now owns 52,105,335 shares of the asset manager’s stock valued at $1,201,550,000 after buying an additional 6,384,917 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of Invesco by 1,411.1% during the fourth quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock valued at $67,016,000 after buying an additional 3,507,900 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Invesco during the fourth quarter valued at about $61,795,000. 66.09% of the stock is currently owned by institutional investors.

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.