Invesco (NYSE:IVZ) Given New $19.00 Price Target at Morgan Stanley

Invesco (NYSE:IVZ) had its price objective boosted by Morgan Stanley from $18.00 to $19.00 in a report released on Friday,Benzinga reports. They currently have an equal weight rating on the asset manager’s stock.

A number of other equities research analysts also recently weighed in on IVZ. The Goldman Sachs Group lifted their target price on Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. UBS Group boosted their price objective on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Royal Bank of Canada boosted their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Invesco currently has an average rating of “Hold” and a consensus price target of $18.88.

Invesco Stock Performance

Shares of NYSE IVZ opened at $17.33 on Friday. Invesco has a 12 month low of $14.16 and a 12 month high of $18.94. The company has a market cap of $7.79 billion, a P/E ratio of -18.84, a P/E/G ratio of 1.06 and a beta of 1.43. The business’s 50 day moving average is $17.88 and its two-hundred day moving average is $16.82. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. Invesco’s quarterly revenue was down 20.8% on a year-over-year basis. During the same quarter last year, the company posted $0.35 earnings per share. On average, equities analysts expect that Invesco will post 1.69 EPS for the current year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were given a $0.205 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.73%. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

Institutional Investors Weigh In On Invesco

A number of large investors have recently bought and sold shares of the business. Avior Wealth Management LLC raised its position in Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Invesco in the second quarter valued at $28,000. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco in the third quarter valued at about $35,000. Sentry Investment Management LLC acquired a new position in Invesco during the 2nd quarter worth about $30,000. Finally, Allworth Financial LP grew its holdings in Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,806 shares during the last quarter. 66.09% of the stock is currently 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.