Evercore ISI Has Lowered Expectations for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its price target decreased by equities research analysts at Evercore ISI from $18.00 to $13.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “in-line” rating on the asset manager’s stock. Evercore ISI’s price target suggests a potential upside of 1.90% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Royal Bank of Canada started coverage on shares of Invesco in a report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price target on the stock. Argus upped their price target on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. The Goldman Sachs Group dropped their price target on Invesco from $18.50 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Wells Fargo & Company reduced their price objective on Invesco from $19.50 to $14.50 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Citigroup dropped their target price on Invesco from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.10.

Invesco Trading Up 0.5 %

Shares of IVZ stock opened at $12.76 on Friday. Invesco has a fifty-two week low of $11.60 and a fifty-two week high of $19.55. The stock’s fifty day moving average price is $16.01 and its two-hundred day moving average price is $17.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The company has a market cap of $5.71 billion, a PE ratio of 10.81, a P/E/G ratio of 0.98 and a beta of 1.26.

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 the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Equities analysts predict that Invesco will post 1.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Invesco

A number of institutional investors have recently modified their holdings of the company. Curat Global LLC acquired a new position in Invesco in the first quarter valued at $49,000. Contravisory Investment Management Inc. bought a new stake in shares of Invesco during the 1st quarter valued at about $710,000. Whipplewood Advisors LLC grew its stake in Invesco by 24,803.3% during the first quarter. Whipplewood Advisors LLC now owns 59,519 shares of the asset manager’s stock worth $903,000 after purchasing an additional 59,280 shares during the period. Merit Financial Group LLC increased its holdings in Invesco by 40.8% in the first quarter. Merit Financial Group LLC now owns 52,482 shares of the asset manager’s stock worth $796,000 after purchasing an additional 15,201 shares in the last quarter. Finally, NBC Securities Inc. lifted its stake in Invesco by 95,882.4% in the first quarter. NBC Securities Inc. now owns 16,317 shares of the asset manager’s stock valued at $247,000 after buying an additional 16,300 shares during the period. 66.09% of the stock is 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.