Invesco (NYSE:IVZ) Price Target Raised to $19.00 at Morgan Stanley

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

A number of other analysts also recently commented on the company. Royal Bank of Canada assumed coverage on Invesco in a research report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 target price on the stock. The Goldman Sachs Group increased their price objective on shares of Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Evercore ISI lifted their target price on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. TD Cowen lowered their price target on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. cut their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $19.94.

Invesco Stock Up 2.3 %

IVZ opened at $19.16 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. Invesco has a 12 month low of $14.16 and a 12 month high of $19.55. The stock has a market capitalization of $8.61 billion, a P/E ratio of 16.23, a P/E/G ratio of 1.06 and a beta of 1.43. The business has a 50 day simple moving average of $17.78 and a 200-day simple moving average of $17.38.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts anticipate that Invesco will post 1.85 earnings per share for the current fiscal year.

Invesco Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Massachusetts Mutual Life Insurance Co. purchased a new stake in Invesco during the 3rd quarter worth $1,428,196,000. Azora Capital LP acquired a new stake in shares of Invesco in the third quarter valued at about $27,289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Invesco by 131.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock worth $15,982,000 after acquiring an additional 516,622 shares in the last quarter. Algert Global LLC boosted its holdings in Invesco by 1,207.8% in the 3rd quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock worth $8,451,000 after acquiring an additional 444,470 shares during the period. Finally, Ieq Capital LLC grew its position in Invesco by 635.9% in the fourth quarter. Ieq Capital LLC now owns 490,242 shares of the asset manager’s stock valued at $8,569,000 after acquiring an additional 423,621 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

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.