Keefe, Bruyette & Woods Issues Pessimistic Forecast for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its target price lowered by research analysts at Keefe, Bruyette & Woods from $19.00 to $18.00 in a report issued on Friday,Benzinga reports. The firm currently has a “market perform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 3.87% from the company’s current price.

IVZ has been the topic of several other research reports. UBS Group increased their target price on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Royal Bank of Canada raised their price objective on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Morgan Stanley upped their target price on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group boosted their price objective on shares of Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Invesco has an average rating of “Hold” and a consensus target price of $18.88.

Invesco Trading Up 3.3 %

Shares of Invesco stock opened at $17.33 on Friday. Invesco has a 12-month low of $14.16 and a 12-month high of $18.94. The stock has a market capitalization of $7.79 billion, a P/E ratio of -18.84, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The company has a 50-day simple moving average of $17.88 and a 200 day simple moving average of $16.81. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. Invesco’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. Research analysts expect that Invesco will post 1.69 earnings per share for the current fiscal year.

Institutional Trading of Invesco

Institutional investors and hedge funds have recently modified their holdings of the stock. Avior Wealth Management LLC grew its holdings in Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares during the period. Family Firm Inc. acquired a new position in shares of Invesco in the 2nd quarter valued at $28,000. Sentry Investment Management LLC bought a new stake in shares of Invesco in the 2nd quarter valued at $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Invesco during the 3rd quarter worth $35,000. Finally, Allworth Financial LP lifted its holdings in 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 acquiring an additional 1,806 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

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.