Invesco (NYSE:IVZ) Price Target Raised to $21.00 at UBS Group

Invesco (NYSE:IVZ) had its price target increased by UBS Group from $17.00 to $21.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the asset manager’s stock. UBS Group’s price target would suggest a potential upside of 12.51% from the company’s current price.

IVZ has been the subject of a number of other research reports. The Goldman Sachs Group upped their price objective on Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Evercore ISI raised their price objective on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $20.00 target price (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Finally, Royal Bank of Canada started coverage on shares of Invesco in a report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price target for the company. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Invesco has an average rating of “Hold” and a consensus price target of $19.87.

Invesco Stock Down 2.9 %

Shares of NYSE:IVZ traded down $0.57 during mid-day trading on Monday, hitting $18.67. 1,148,596 shares of the company traded hands, compared to its average volume of 4,315,994. The stock has a 50-day moving average price of $17.73 and a two-hundred day moving average price of $17.33. Invesco has a 12-month low of $14.16 and a 12-month high of $19.55. The stock has a market cap of $8.39 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.06 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49.

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

Hedge Funds Weigh In On Invesco

Institutional investors and hedge funds have recently made changes to their positions in the business. Massachusetts Mutual Life Insurance Co. purchased a new stake in Invesco during the third quarter valued at about $1,428,196,000. State Street Corp boosted its holdings in Invesco by 0.7% during the 3rd quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock valued at $369,823,000 after acquiring an additional 151,408 shares during the period. Geode Capital Management LLC grew its position in Invesco by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock worth $179,666,000 after acquiring an additional 93,126 shares during the last quarter. Fisher Asset Management LLC increased its stake in Invesco by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after purchasing an additional 87,405 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Invesco by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,311,814 shares of the asset manager’s stock worth $75,715,000 after purchasing an additional 45,891 shares during the period. Institutional investors own 66.09% of the company’s stock.

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.