Invesco (NYSE:IVZ) Given New $18.00 Price Target at Barclays

Invesco (NYSE:IVZ) had its price objective lowered by equities researchers at Barclays from $19.00 to $18.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Barclays‘s price objective would indicate a potential upside of 4.63% from the stock’s previous close.

A number of other brokerages also recently issued reports on IVZ. UBS Group upped their price objective on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods dropped their target price on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada boosted their target price on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.71.

Invesco Trading Up 2.0 %

Shares of IVZ stock opened at $17.20 on Friday. Invesco has a 52-week low of $14.16 and a 52-week high of $18.94. 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 50-day simple moving average of $17.63 and a two-hundred day simple moving average of $17.14. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of -18.70, a PEG ratio of 0.79 and a beta of 1.43.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm posted $0.35 EPS. The firm’s quarterly revenue was down 20.8% compared to the same quarter last year. Research analysts anticipate that Invesco will post 1.7 EPS for the current fiscal year.

Institutional Trading of Invesco

Several institutional investors and hedge funds have recently bought and sold shares of IVZ. Mercer Global Advisors Inc. ADV lifted its stake in Invesco by 3.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 62,098 shares of the asset manager’s stock worth $965,000 after purchasing an additional 1,937 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Invesco by 4.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 43,898 shares of the asset manager’s stock worth $655,000 after purchasing an additional 1,742 shares in the last quarter. Seven Eight Capital LP purchased a new stake in Invesco in the 2nd quarter worth approximately $576,000. XTX Topco Ltd lifted its stake in Invesco by 3.5% in the 2nd quarter. XTX Topco Ltd now owns 43,230 shares of the asset manager’s stock worth $647,000 after purchasing an additional 1,442 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Invesco by 4.6% in the 2nd quarter. Pacer Advisors Inc. now owns 32,205 shares of the asset manager’s stock worth $482,000 after purchasing an additional 1,409 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other 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.