Invesco (NYSE:IVZ) Price Target Increased to $19.00 by Analysts at UBS Group

Invesco (NYSE:IVZ) had its price objective lifted by investment analysts at UBS Group from $17.50 to $19.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the asset manager’s stock. UBS Group’s target price would suggest a potential upside of 4.63% from the company’s previous close.

IVZ has been the subject of several other reports. Wells Fargo & Company increased their price target on Invesco from $16.00 to $16.50 and gave the stock an “underweight” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday. The Goldman Sachs Group lifted their price target on shares of Invesco from $17.25 to $17.50 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Finally, Morgan Stanley boosted their price objective on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.88.

Invesco Trading Up 0.8 %

IVZ traded up $0.14 during mid-day trading on Tuesday, hitting $18.16. The stock had a trading volume of 1,764,085 shares, compared to its average volume of 4,232,225. The stock’s fifty day simple moving average is $17.03 and its 200-day simple moving average is $16.07. The firm has a market capitalization of $8.17 billion, a price-to-earnings ratio of -24.21, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44. Invesco has a 1-year low of $12.48 and a 1-year high of $18.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 5.80.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. As a group, research analysts forecast that Invesco will post 1.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IVZ. Family Firm Inc. bought a new position in shares of Invesco in the second quarter valued at $28,000. Sentry Investment Management LLC bought a new position in shares of Invesco in the 2nd quarter valued at about $30,000. Fidelis Capital Partners LLC bought a new position in shares of Invesco in the 1st quarter valued at about $52,000. Abich Financial Wealth Management LLC increased its stake in shares of Invesco by 50.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock worth $60,000 after purchasing an additional 1,210 shares during the last quarter. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Invesco in the 2nd quarter valued at about $61,000. 66.09% of the stock is currently owned by institutional investors.

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.