Invesco (NYSE:IVZ) Given New $18.00 Price Target at Morgan Stanley

Invesco (NYSE:IVZ) had its price objective lowered by Morgan Stanley from $19.00 to $18.00 in a report issued on Tuesday morning. The firm currently has an equal weight rating on the asset manager’s stock.

Other analysts have also issued reports about the company. Barclays decreased their price objective on Invesco from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. increased their price target on Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Wells Fargo & Company cut their price objective on shares of Invesco from $17.50 to $17.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Invesco currently has a consensus rating of “Hold” and a consensus target price of $18.50.

Invesco Price Performance

Shares of NYSE:IVZ opened at $19.32 on Tuesday. Invesco has a twelve month low of $14.16 and a twelve month high of $19.49. The stock’s 50 day moving average is $17.64 and its 200-day moving average is $17.27. 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 firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of -20.99, a PEG ratio of 1.06 and a beta of 1.43.

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

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.25%. Invesco’s payout ratio is -89.13%.

Institutional Trading of Invesco

A number of large investors have recently bought and sold shares of IVZ. Avior Wealth Management LLC grew its stake in shares of Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after acquiring an additional 1,285 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Invesco during the third quarter valued at about $35,000. Allworth Financial LP boosted its position in Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after purchasing an additional 1,806 shares during the period. Crews Bank & Trust purchased a new position in shares of Invesco in the fourth quarter worth about $44,000. Finally, Truvestments Capital LLC bought a new stake in shares of Invesco in the third quarter valued at approximately $76,000. 66.09% of the stock is owned by hedge funds and other 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.