Barclays Boosts Invesco (NYSE:IVZ) Price Target to $20.00

Invesco (NYSE:IVZ) had its price objective hoisted by stock analysts at Barclays from $18.00 to $20.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the asset manager’s stock. Barclays‘s price objective would indicate a potential upside of 3.87% from the stock’s current price.

A number of other brokerages also recently issued reports on IVZ. TD Cowen reduced their price objective on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday. Royal Bank of Canada started coverage on Invesco in a report on Tuesday. They set a “sector perform” rating and a $19.00 price objective on the stock. Wells Fargo & Company decreased their price target on shares of Invesco from $17.50 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. UBS Group lifted their price objective on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods cut their price target on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Invesco presently has an average rating of “Hold” and a consensus price target of $19.71.

Invesco Trading Up 1.3 %

Invesco stock opened at $19.26 on Wednesday. The company has a market cap of $8.65 billion, a price-to-earnings ratio of -20.93, a P/E/G ratio of 1.06 and a beta of 1.43. The firm has a 50-day moving average of $17.70 and a 200-day moving average of $17.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. Invesco has a one year low of $14.16 and a one year high of $19.55.

Invesco (NYSE:IVZ) last announced its quarterly earnings data 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 negative net margin of 3.00% and a positive return on equity of 8.83%. On average, equities analysts expect that Invesco will post 1.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Invesco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its stake in shares of Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after buying an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Invesco in the 3rd quarter valued at $35,000. Allworth Financial LP increased its position in shares of Invesco by 304.0% during the 3rd 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 bought a new stake in shares of Invesco during the 4th quarter worth $44,000. Finally, Truvestments Capital LLC purchased a new position in shares of Invesco in the 3rd quarter worth 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.