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

Invesco (NYSE:IVZ - Get Free Report) had its price objective hoisted by stock analysts at Barclays from $14.00 to $15.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the asset manager's stock. Barclays's price target suggests a potential upside of 2.21% from the company's current price.

Several other analysts have also recently commented on the stock. The Goldman Sachs Group increased their price target on shares of Invesco from $15.00 to $15.25 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Morgan Stanley reduced their price objective on shares of Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. TD Cowen cut shares of Invesco from a "buy" rating to a "hold" rating and reduced their price objective for the company from $22.00 to $13.00 in a research note on Wednesday, April 9th. Bank of America reduced their price objective on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. One investment 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. Based on data from MarketBeat, Invesco currently has a consensus rating of "Hold" and a consensus target price of $17.32.

Invesco Price Performance

Shares of IVZ traded up $0.29 during mid-day trading on Monday, hitting $14.68. 6,964,368 shares of the company traded hands, compared to its average volume of 4,371,063. Invesco has a one year low of $11.60 and a one year high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average of $14.03 and a 200 day moving average of $16.15. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 0.98 and a beta of 1.49.

Invesco (NYSE:IVZ - Get Free Report) last released 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 net margin of 12.77% and a return on equity of 8.18%. The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the firm earned $0.33 earnings per share. As a group, equities analysts expect that Invesco will post 1.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Invesco

Hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. raised its holdings in Invesco by 186.6% in the first quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager's stock worth $30,000 after purchasing an additional 1,282 shares during the period. SVB Wealth LLC bought a new stake in Invesco in the 1st quarter valued at $32,000. Colonial Trust Co SC bought a new stake in Invesco in the 4th quarter valued at $38,000. Summit Securities Group LLC bought a new stake in Invesco in the 1st quarter valued at $41,000. Finally, Aster Capital Management DIFC Ltd lifted its position in Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock valued at $42,000 after acquiring an additional 1,531 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

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.