Evercore ISI Boosts Invesco (NYSE:IVZ) Price Target to $15.00

Invesco (NYSE:IVZ) had its price objective hoisted by analysts at Evercore ISI from $13.00 to $15.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “in-line” rating on the asset manager’s stock. Evercore ISI’s target price would indicate a potential upside of 6.46% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. BMO Capital Markets upped their price target on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Barclays raised their price target on Invesco from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Wednesday. TD Cowen lowered Invesco from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $22.00 to $13.00 in a research note on Wednesday, April 9th. Citigroup decreased their target price on Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st. Finally, Morgan Stanley dropped their price target on Invesco from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.25.

Invesco Trading Up 4.3 %

Shares of Invesco stock opened at $14.09 on Wednesday. Invesco has a 1-year low of $11.60 and a 1-year high of $19.55. The company’s fifty day simple moving average is $15.01 and its 200-day simple moving average is $16.88. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The stock has a market capitalization of $6.31 billion, a PE ratio of 11.94, a P/E/G ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. As a group, equities analysts anticipate that Invesco will post 1.87 earnings per share for the current year.

Institutional Investors Weigh In On Invesco

Several institutional investors have recently modified their holdings of IVZ. Barclays PLC raised its holdings in Invesco by 1.5% during the 3rd quarter. Barclays PLC now owns 2,364,174 shares of the asset manager’s stock valued at $41,516,000 after buying an additional 35,031 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco in the 3rd quarter worth about $35,000. Franklin Resources Inc. boosted its stake in shares of Invesco by 136.2% during the 3rd quarter. Franklin Resources Inc. now owns 127,777 shares of the asset manager’s stock worth $2,265,000 after purchasing an additional 73,671 shares during the period. Principal Financial Group Inc. raised its position in Invesco by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 511,850 shares of the asset manager’s stock worth $8,988,000 after purchasing an additional 16,473 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Invesco by 0.7% in the third quarter. JPMorgan Chase & Co. now owns 1,097,568 shares of the asset manager’s stock worth $19,273,000 after purchasing an additional 8,097 shares during the last quarter. 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.