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

Invesco (NYSE:IVZ - Free Report) had its target price raised by Morgan Stanley from $15.00 to $16.00 in a research note released on Wednesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the asset manager's stock.

A number of other brokerages have also commented on IVZ. TD Cowen lowered Invesco from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $22.00 to $13.00 in a research report on Wednesday, April 9th. Citigroup dropped their price target on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Evercore ISI raised their price objective on shares of Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Wednesday, April 23rd. The Goldman Sachs Group lifted their target price on shares of Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a report on Friday, June 27th. Finally, Wells Fargo & Company reduced their price target on Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $17.48.

Invesco Price Performance

IVZ traded up $0.14 during trading on Wednesday, hitting $16.73. The company's stock had a trading volume of 2,853,914 shares, compared to its average volume of 5,217,323. 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 stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.90 and a beta of 1.48. The firm's 50 day moving average price is $14.79 and its two-hundred day moving average price is $15.83. Invesco has a 12 month low of $11.60 and a 12 month high of $19.55.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. Invesco had a net margin of 13.14% and a return on equity of 8.94%. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the company posted $0.33 EPS. Sell-side analysts forecast that Invesco will post 1.87 earnings per share for the current fiscal year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a yield of 5.02%. This is an increase from Invesco's previous quarterly dividend of $0.21. Invesco's payout ratio is 67.20%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IVZ. Federated Hermes Inc. lifted its position in shares of Invesco by 186.6% during the first 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 in the last quarter. SVB Wealth LLC purchased a new position in Invesco in the 1st quarter valued at approximately $32,000. Colonial Trust Co SC purchased a new position in Invesco in the 4th quarter valued at approximately $38,000. Summit Securities Group LLC bought a new stake in Invesco during the 1st quarter valued at $41,000. Finally, Aster Capital Management DIFC Ltd boosted its holdings in shares of Invesco by 180.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock worth $42,000 after acquiring an additional 1,531 shares during the period. Institutional investors own 66.09% of the company's stock.

Invesco Company Profile

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.