Barclays Increases Invesco (NYSE:IVZ) Price Target to $22.00

Invesco (NYSE:IVZ - Get Free Report) had its target price upped by research analysts at Barclays from $17.00 to $22.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the asset manager's stock. Barclays's price objective would suggest a potential upside of 3.86% from the stock's current price.

IVZ has been the subject of several other research reports. Evercore ISI raised their target price on shares of Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Wednesday, April 23rd. Bank of America lowered their price target on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Royal Bank Of Canada reissued a "sector perform" rating and issued a $16.00 target price (up from $14.00) on shares of Invesco in a research report on Thursday, July 10th. TD Cowen raised shares of Invesco from a "hold" rating to a "buy" rating and lifted their price target for the company from $17.50 to $25.00 in a research report on Monday. Finally, Wells Fargo & Company raised shares of Invesco from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $14.50 to $18.00 in a research report on Friday, July 11th. Fourteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $18.78.

Invesco Price Performance

Shares of IVZ opened at $21.18 on Wednesday. Invesco has a twelve month low of $11.60 and a twelve month high of $21.69. The company has a 50 day moving average of $15.73 and a two-hundred day moving average of $15.84. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.81. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.73 and a beta of 1.48.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). Invesco had a net margin of 13.14% and a return on equity of 8.94%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the previous year, the firm posted $0.43 EPS. The firm's quarterly revenue was up 2.2% on a year-over-year basis. As a group, analysts predict that Invesco will post 1.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IVZ. JPMorgan Chase & Co. lifted its position in shares of Invesco by 17.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,285,609 shares of the asset manager's stock valued at $22,472,000 after acquiring an additional 188,041 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Invesco by 8.5% during the first quarter. New York State Teachers Retirement System now owns 405,269 shares of the asset manager's stock valued at $6,148,000 after acquiring an additional 31,643 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Invesco by 177.3% during the first quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager's stock worth $21,213,000 after buying an additional 894,105 shares in the last quarter. Raymond James Financial Inc. bought a new position in Invesco in the 4th quarter valued at $1,979,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Invesco by 24.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,488 shares of the asset manager's stock valued at $296,000 after buying an additional 3,778 shares during the last quarter. 66.09% of the stock is 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.

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