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

Invesco (NYSE:IVZ) had its price target raised by Morgan Stanley from $18.00 to $19.00 in a report released on Thursday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the asset manager’s stock.

Other research analysts have also issued reports about the stock. TD Cowen decreased their price target on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Barclays upped their target price on Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. UBS Group boosted their price objective on Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft increased their target price on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, StockNews.com raised shares of 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 given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $19.94.

Invesco Stock Up 2.3 %

NYSE:IVZ opened at $19.16 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. Invesco has a one year low of $14.16 and a one year high of $19.55. The stock has a 50-day simple moving average of $17.78 and a 200 day simple moving average of $17.38.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Sell-side analysts predict that Invesco will post 1.85 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Friday, February 14th. Invesco’s payout ratio is 69.49%.

Institutional Trading of Invesco

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in Invesco in the fourth quarter worth approximately $1,979,000. Arizona State Retirement System grew its holdings in shares of Invesco by 0.8% in the 4th quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager’s stock worth $1,712,000 after acquiring an additional 812 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Invesco during the fourth quarter worth $647,000. Proficio Capital Partners LLC purchased a new stake in shares of Invesco during the fourth quarter valued at $735,000. Finally, Assetmark Inc. boosted its position in shares of Invesco by 381.5% in the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock valued at $61,000 after purchasing an additional 2,770 shares during the period. 66.09% of the stock is currently owned by institutional investors.

About Invesco

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.