Invesco (NYSE:IVZ) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Invesco (NYSE:IVZ) had its target price upped by equities researchers at BMO Capital Markets from $19.00 to $21.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the asset manager’s stock. BMO Capital Markets’ target price indicates a potential upside of 9.06% from the stock’s current price.

A number of other research firms also recently commented on IVZ. Argus increased their target price on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday. TD Cowen lowered their price target on Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday. Royal Bank of Canada began coverage on Invesco in a research report on Tuesday. They issued a “sector perform” rating and a $19.00 price target for the company. Wells Fargo & Company raised their price target on Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a research report on Wednesday. Finally, Morgan Stanley lowered their price target on Invesco from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $19.71.

Invesco Stock Up 1.3 %

NYSE IVZ opened at $19.26 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The company has a market capitalization of $8.65 billion, a P/E ratio of -20.93, 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 $19.55. The stock has a 50 day moving average price of $17.70 and a 200-day moving average price of $17.30.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating 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%. As a group, equities analysts predict that Invesco will post 1.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Invesco

Institutional investors have recently made changes to their positions in the company. Avior Wealth Management LLC increased its stake in shares of Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after buying an additional 1,285 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Invesco in the third quarter valued at about $35,000. Allworth Financial LP grew its stake in Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,806 shares during the last quarter. Crews Bank & Trust purchased a new position in Invesco in the fourth quarter valued at about $44,000. Finally, Truvestments Capital LLC purchased a new position in Invesco in the third quarter valued at about $76,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

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.