Morgan Stanley Increases Invesco (NYSE:IVZ) Price Target to $29.00

Invesco (NYSE:IVZ) had its price target boosted by stock analysts at Morgan Stanley from $28.00 to $29.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price target would indicate a potential upside of 11.63% from the company’s current price.

Other equities analysts have also issued reports about the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Invesco in a research report on Wednesday. Wall Street Zen downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Argus reiterated a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. Evercore set a $31.00 target price on shares of Invesco in a research note on Monday, June 8th. Finally, Weiss Ratings lowered shares of Invesco from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.86.

Invesco Trading Up 0.4%

NYSE:IVZ opened at $25.98 on Friday. The business’s 50-day moving average is $27.06 and its two-hundred day moving average is $26.41. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. Invesco has a 12 month low of $15.30 and a 12 month high of $29.82. The firm has a market capitalization of $11.52 billion, a PE ratio of -17.69, a price-to-earnings-growth ratio of 0.58 and a beta of 1.60.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. Research analysts predict that Invesco will post 2.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Invesco

Several institutional investors and hedge funds have recently made changes to their positions in IVZ. SJS Investment Consulting Inc. increased its stake in shares of Invesco by 80.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after buying an additional 537 shares during the last quarter. American National Bank & Trust acquired a new position in Invesco during the 4th quarter worth $31,000. Larson Financial Group LLC grew its holdings in Invesco by 61.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after acquiring an additional 558 shares in the last quarter. Torren Management LLC bought a new stake in shares of Invesco in the 4th quarter worth about $44,000. Finally, Root Financial Partners LLC increased its position in shares of Invesco by 28.2% in the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after purchasing an additional 374 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

About Invesco

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.