Analysts Set Invesco Ltd. (NYSE:IVZ) Target Price at $21.72

Invesco Ltd. (NYSE:IVZ) has received a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the stock, MarketBeat.com reports. Thirteen research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $21.7167.

A number of equities research analysts have commented on IVZ shares. TD Cowen raised shares of Invesco from a “hold” rating to a “buy” rating and lifted their target price for the stock from $17.50 to $25.00 in a research report on Monday, July 21st. The Goldman Sachs Group lifted their target price on shares of Invesco from $16.25 to $16.75 and gave the stock a “neutral” rating in a research report on Friday, June 27th. BMO Capital Markets started coverage on shares of Invesco in a research report on Friday, October 3rd. They issued an “outperform” rating and a $28.00 target price for the company. Evercore ISI lifted their target price on shares of Invesco from $24.00 to $26.00 and gave the stock an “in-line” rating in a research report on Thursday, October 9th. Finally, Morgan Stanley reaffirmed a “positive” rating on shares of Invesco in a research report on Monday, October 6th.

Insider Buying and Selling at Invesco

In other news, Director Stephanie Butcher sold 103,192 shares of Invesco stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the transaction, the director owned 29,855 shares in the company, valued at $660,392.60. This trade represents a 77.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Capital A Wealth Management LLC boosted its stake in shares of Invesco by 4,802.9% during the 2nd quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock worth $26,000 after acquiring an additional 1,633 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Invesco by 186.6% during the 1st quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager’s stock worth $30,000 after acquiring an additional 1,282 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Invesco by 55.7% during the 2nd quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock worth $34,000 after acquiring an additional 761 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Invesco during the 1st quarter worth $32,000. Finally, UMB Bank n.a. lifted its stake in shares of Invesco by 45.8% during the 2nd quarter. UMB Bank n.a. now owns 2,623 shares of the asset manager’s stock valued at $41,000 after buying an additional 824 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

Shares of IVZ opened at $22.83 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88. Invesco has a twelve month low of $11.60 and a twelve month high of $24.54. The company has a market capitalization of $10.18 billion, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 0.81 and a beta of 1.66. The firm has a 50 day moving average of $22.36 and a 200 day moving average of $18.15.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Invesco had a return on equity of 8.60% and a net margin of 10.68%.The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Invesco will post 1.87 earnings per share for the current fiscal year.

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.