Invesco Ltd. (NYSE:IVZ) Stock Has Average Target Price of $33.19 According to Analysts

Key Points

• Analysts give Invesco a “Moderate Buy” consensus, with five buy ratings, one strong-buy rating and eight holds. The average 12-month price target is $33.19, above the reported $28.07 share price.
• Invesco exceeded quarterly expectations, reporting $0.71 in EPS versus the $0.67 consensus and $1.33 billion in revenue, up 20.5% year over year.
• Institutional investors own 66.09% of Invesco, while insiders sold 222,540 shares worth approximately $7.23 million over the past three months.

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $33.19.

IVZ has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Invesco from $29.00 to $29.50 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Royal Bank Of Canada increased their price target on Invesco from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Friday, October 9th. Zacks Research downgraded Invesco from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 7th. TD Cowen reduced their price target on Invesco from $39.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, October 12th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Invesco in a research note on Friday, September 25th.

Invesco Stock Up 0.0%

Shares of NYSE:IVZ opened at $28.07 on Monday. Invesco has a one year low of $20.67 and a one year high of $33.66. The company has a 50 day moving average of $30.92 and a 200-day moving average of $28.90. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of -41.28, a P/E/G ratio of 0.45 and a beta of 1.65.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm posted $0.36 earnings per share. Invesco's revenue for the quarter was up 20.5% compared to the same quarter last year. On average, sell-side analysts forecast that Invesco will post 2.82 earnings per share for the current year.

Insider Buying and Selling

In other Invesco news, Director Andrew Tak Shing Lo sold 100,840 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $32.20, for a total value of $3,247,048.00. Following the transaction, the director owned 812,477 shares of the company's stock, valued at approximately $26,161,759.40. This represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Phoebe Wood sold 3,000 shares of the firm's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $32.44, for a total value of $97,320.00. Following the transaction, the director owned 107,111 shares in the company, valued at approximately $3,474,680.84. This trade represents a 2.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 222,540 shares of company stock worth $7,227,167. Corporate insiders own 1.40% of the company's stock.

Institutional Trading of Invesco

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in Invesco by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,361,119 shares of the asset manager's stock worth $518,836,000 after acquiring an additional 596,434 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Invesco by 5.6% in the first quarter. Bank of New York Mellon Corp now owns 3,431,694 shares of the asset manager's stock valued at $83,356,000 after purchasing an additional 182,060 shares in the last quarter. Bank of America Corp DE increased its stake in Invesco by 28.9% in the first quarter. Bank of America Corp DE now owns 2,654,290 shares of the asset manager's stock valued at $64,473,000 after purchasing an additional 595,797 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Invesco by 24.1% in the first quarter. Quantinno Capital Management LP now owns 1,574,728 shares of the asset manager's stock worth $38,250,000 after purchasing an additional 306,213 shares during the period. Finally, Engineers Gate Manager LP raised its holdings in Invesco by 47.0% in the second quarter. Engineers Gate Manager LP now owns 1,354,613 shares of the asset manager's stock worth $35,748,000 after purchasing an additional 433,287 shares during the period. 66.09% of the stock is owned by institutional investors.

About Invesco

Invesco Ltd. NYSE: IVZ is a global investment management company that provides investment products and services to individual investors, financial professionals, institutions and governments. The company manages assets across a range of strategies, including equities, fixed income, multi-asset portfolios, alternatives, money market funds and cash management.

Invesco offers mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment solutions.

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