Invesco (NYSE:IVZ) Stock Price Expected to Rise, Argus Analyst Says

Invesco (NYSE:IVZ) had its price target boosted by research analysts at Argus from $20.00 to $22.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the asset manager’s stock. Argus’ price objective indicates a potential upside of 14.26% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. UBS Group boosted their target price on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Evercore ISI upped their price target on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods decreased their price objective on Invesco from $19.00 to $18.00 and set a “market perform” rating for the company in a report on Friday, December 20th. Finally, StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. One investment 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, the stock presently has an average rating of “Hold” and a consensus price target of $19.71.

Invesco Stock Performance

Shares of IVZ opened at $19.26 on Wednesday. The firm’s fifty day simple moving average is $17.70 and its two-hundred day simple moving average is $17.30. Invesco has a 12 month low of $14.16 and a 12 month high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $8.65 billion, a P/E ratio of -20.93, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping the consensus estimate 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, analysts predict that Invesco will post 1.7 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Avior Wealth Management LLC grew its position in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after acquiring an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco in the third quarter worth $35,000. Allworth Financial LP boosted its holdings in shares of Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after purchasing an additional 1,806 shares during the period. Crews Bank & Trust purchased a new position in shares of Invesco during the fourth quarter valued at approximately $44,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Invesco in the 3rd quarter worth about $76,000. 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.