Argus Issues Positive Forecast for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its target price lifted by research analysts at Argus from $20.00 to $22.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the asset manager’s stock. Argus’ price target would suggest a potential upside of 13.90% from the stock’s current price.

Several other research firms also recently commented on IVZ. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Barclays raised their price objective on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday, November 11th. TD Cowen cut their price target on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, The Goldman Sachs Group cut their price target on Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. One equities research 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, Invesco has an average rating of “Hold” and a consensus target price of $18.92.

Invesco Trading Up 8.8 %

IVZ opened at $19.32 on Wednesday. The stock’s fifty day moving average is $17.64 and its two-hundred day moving average is $17.27. The company has a market capitalization of $8.68 billion, a P/E ratio of -20.99, a PEG ratio of 1.06 and a beta of 1.43. Invesco has a 52 week low of $14.16 and a 52 week high of $19.49. 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 released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. Analysts forecast that Invesco will post 1.7 earnings per share for the current year.

Institutional Investors Weigh In On Invesco

Several large investors have recently bought and sold shares of the company. Savant Capital LLC increased its stake in Invesco by 4.0% during the 4th quarter. Savant Capital LLC now owns 139,522 shares of the asset manager’s stock worth $2,439,000 after buying an additional 5,323 shares in the last quarter. AlphaStar Capital Management LLC increased its stake in Invesco by 89.9% during the 4th quarter. AlphaStar Capital Management LLC now owns 27,658 shares of the asset manager’s stock worth $483,000 after buying an additional 13,090 shares in the last quarter. Entropy Technologies LP increased its stake in Invesco by 176.3% during the 4th quarter. Entropy Technologies LP now owns 62,995 shares of the asset manager’s stock worth $1,101,000 after buying an additional 40,195 shares in the last quarter. Apollon Wealth Management LLC increased its stake in Invesco by 51.7% during the 4th quarter. Apollon Wealth Management LLC now owns 23,444 shares of the asset manager’s stock worth $410,000 after buying an additional 7,986 shares in the last quarter. Finally, Lecap Asset Management Ltd. increased its stake in Invesco by 81.1% during the 4th quarter. Lecap Asset Management Ltd. now owns 74,782 shares of the asset manager’s stock worth $1,307,000 after buying an additional 33,489 shares in the last quarter. 66.09% of the stock is currently owned by hedge funds and other 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.