Invesco (NYSE:IVZ) Price Target Raised to $20.75

Invesco (NYSE:IVZ) had its price objective upped by The Goldman Sachs Group from $19.00 to $20.75 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the asset manager’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 7.60% from the stock’s current price.

Several other equities research analysts have also recently commented on IVZ. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Barclays upped their price objective on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Argus increased their price target on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada initiated coverage on shares of Invesco in a research note on Tuesday. They issued a “sector perform” rating and a $19.00 target price for the company. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Invesco presently has a consensus rating of “Hold” and a consensus price target of $19.40.

Invesco Trading Down 0.3 %

NYSE:IVZ traded down $0.06 during trading hours on Wednesday, hitting $19.29. The stock had a trading volume of 3,090,938 shares, compared to its average volume of 4,001,944. The business’s 50 day moving average is $17.64 and its 200-day moving average is $17.27. The company has a market cap of $8.67 billion, a price-to-earnings ratio of -20.96, a P/E/G ratio of 1.06 and a beta of 1.43. Invesco has a one year low of $14.16 and a one year high of $19.49. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91.

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

Institutional Investors Weigh In On Invesco

Large investors have recently added to or reduced their stakes in the business. Savant Capital LLC grew its position in Invesco by 4.0% in the 4th quarter. Savant Capital LLC now owns 139,522 shares of the asset manager’s stock valued at $2,439,000 after purchasing an additional 5,323 shares during the period. AlphaStar Capital Management LLC boosted its position in shares of Invesco by 89.9% during the fourth quarter. AlphaStar Capital Management LLC now owns 27,658 shares of the asset manager’s stock valued at $483,000 after buying an additional 13,090 shares during the last quarter. Entropy Technologies LP raised its position in Invesco by 176.3% in the 4th quarter. Entropy Technologies LP now owns 62,995 shares of the asset manager’s stock valued at $1,101,000 after buying an additional 40,195 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in Invesco by 51.7% during the 4th quarter. Apollon Wealth Management LLC now owns 23,444 shares of the asset manager’s stock valued at $410,000 after acquiring an additional 7,986 shares in the last quarter. Finally, Lecap Asset Management Ltd. raised its holdings in shares of Invesco by 81.1% in the fourth quarter. Lecap Asset Management Ltd. now owns 74,782 shares of the asset manager’s stock valued at $1,307,000 after purchasing an additional 33,489 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

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.