Barclays Forecasts Strong Price Appreciation for Invesco (NYSE:IVZ) Stock

Invesco (NYSE:IVZ - Get Free Report) had its price target boosted by analysts at Barclays from $14.00 to $15.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the asset manager's stock. Barclays's target price indicates a potential upside of 0.33% from the company's previous close.

IVZ has been the subject of several other research reports. The Goldman Sachs Group increased their price target on Invesco from $15.00 to $15.25 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. JPMorgan Chase & Co. cut their price target on Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Morgan Stanley cut their price target on Invesco from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company cut their price target on Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Finally, Evercore ISI increased their price target on Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Invesco has a consensus rating of "Hold" and a consensus price target of $17.38.

Invesco Price Performance

Shares of NYSE IVZ traded down $0.12 during midday trading on Monday, hitting $14.95. The stock had a trading volume of 5,505,682 shares, compared to its average volume of 4,366,191. The company has a market capitalization of $6.69 billion, a PE ratio of 12.67, a P/E/G ratio of 0.98 and a beta of 1.49. The stock has a 50 day simple moving average of $14.14 and a 200-day simple moving average of $16.11. Invesco has a 1 year low of $11.60 and a 1 year high of $19.55. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter last year, the firm earned $0.33 earnings per share. On average, sell-side analysts expect that Invesco will post 1.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Invesco

Institutional investors and hedge funds have recently modified their holdings of the company. Federated Hermes Inc. grew its position in Invesco by 186.6% in the 1st quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager's stock valued at $30,000 after acquiring an additional 1,282 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Invesco during the first quarter worth about $32,000. Colonial Trust Co SC acquired a new stake in shares of Invesco during the fourth quarter worth about $38,000. Summit Securities Group LLC acquired a new stake in shares of Invesco during the first quarter worth about $41,000. Finally, Aster Capital Management DIFC Ltd lifted its position in shares of Invesco by 180.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock worth $42,000 after purchasing an additional 1,531 shares in the last quarter. Hedge funds and other 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.