Invesco (NYSE:IVZ) Stock Price Target Raised at Royal Bank Of Canada

Invesco (NYSE:IVZ) had its price target boosted by analysts at Royal Bank Of Canada from $35.00 to $36.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the asset manager’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 21.09% from the stock’s current price.

Several other research firms also recently weighed in on IVZ. TD Cowen boosted their price target on Invesco from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. UBS Group assumed coverage on shares of Invesco in a research report on Tuesday. They issued a “buy” rating and a $41.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Invesco in a report on Friday, September 25th. Barclays raised their target price on Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen cut Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.04.

Invesco Stock Down 1.2%

NYSE:IVZ opened at $29.73 on Friday. Invesco has a twelve month low of $20.67 and a twelve month high of $33.66. The stock has a fifty day simple moving average of $31.56 and a 200-day simple moving average of $28.52. The company has a market cap of $13.18 billion, a price-to-earnings ratio of -44.07, a price-to-earnings-growth ratio of 0.45 and a beta of 1.65. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. Analysts anticipate that Invesco will post 2.83 EPS for the current year.

Insiders Place Their Bets

In other news, Director Phoebe Wood sold 3,000 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $32.44, for a total value of $97,320.00. Following the completion of the transaction, the director owned 107,111 shares in the company, valued at $3,474,680.84. This trade represents a 2.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Laura Dukes sold 31,075 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $33.16, for a total value of $1,030,447.00. Following the sale, the chief financial officer owned 259,183 shares in the company, valued at approximately $8,594,508.28. The trade was a 10.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 222,540 shares of company stock valued at $7,227,167. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. LifeGoal Investments LLC acquired a new position in Invesco in the third quarter valued at $232,000. GAMMA Investing LLC boosted its stake in shares of Invesco by 5.7% during the 3rd quarter. GAMMA Investing LLC now owns 41,904 shares of the asset manager’s stock valued at $1,264,000 after buying an additional 2,248 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Invesco by 14.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 28,022 shares of the asset manager’s stock worth $845,000 after acquiring an additional 3,642 shares in the last quarter. Everhart Financial Group Inc. acquired a new position in Invesco in the third quarter worth about $274,000. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Invesco by 141.1% in the 3rd quarter. Elevation Wealth Partners LLC now owns 1,010 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 591 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Company Profile

Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm that provides investment products and services to individuals, financial advisers, institutions and other clients. The company manages assets across public and private markets and serves clients through a range of investment strategies.

Its offerings include exchange-traded funds, mutual funds, separately managed accounts, institutional mandates and alternative investments. Invesco provides exposure to equities, fixed income, commodities, multi-asset strategies and other asset classes, with both actively managed and index-based investment solutions.

Headquartered in Atlanta, Georgia, Invesco serves clients across North America, Europe, Asia-Pacific and other international markets through offices and investment teams around the world.