Invesco (NYSE:IVZ) Stock Price Expected to Rise, Barclays Analyst Says

Invesco (NYSE:IVZ - Free Report) had its target price lifted by Barclays from $17.00 to $22.00 in a research note published on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the asset manager's stock.

A number of other equities analysts have also issued reports on IVZ. Evercore ISI boosted their target price on shares of Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Wednesday, April 23rd. Bank of America dropped their target price on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Citigroup dropped their target price on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. Wells Fargo & Company upgraded shares of Invesco from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $14.50 to $18.00 in a research note on Friday, July 11th. Finally, Morgan Stanley lifted their price target on shares of Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Fourteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $18.78.

Invesco Stock Performance

Shares of NYSE:IVZ traded up $0.36 during trading on Wednesday, reaching $21.79. The stock had a trading volume of 4,955,027 shares, compared to its average volume of 8,189,956. Invesco has a 52 week low of $11.60 and a 52 week high of $21.84. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 1.15 and a beta of 1.48. The company has a quick ratio of 1.37, a current ratio of 0.59 and a debt-to-equity ratio of 0.67. The stock has a fifty day simple moving average of $16.09 and a two-hundred day simple moving average of $15.93.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). Invesco had a net margin of 10.68% and a return on equity of 7.97%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business earned $0.43 EPS. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, analysts anticipate that Invesco will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.84 annualized dividend and a yield of 3.86%. Invesco's dividend payout ratio is currently 90.32%.

Institutional Trading of Invesco

A number of institutional investors and hedge funds have recently modified their holdings of IVZ. Federated Hermes Inc. grew its position in shares of 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 purchasing an additional 1,282 shares during the period. SVB Wealth LLC acquired a new position in shares of Invesco in the 1st quarter valued at approximately $32,000. IFP Advisors Inc grew its position in shares of Invesco by 55.7% in the 2nd quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager's stock valued at $34,000 after purchasing an additional 761 shares during the period. Colonial Trust Co SC acquired a new position in shares of Invesco in the 4th quarter valued at approximately $38,000. Finally, Summit Securities Group LLC acquired a new position in shares of Invesco in the 1st quarter valued at approximately $41,000. 66.09% of the stock is owned by 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.