Morgan Stanley Issues Positive Forecast for Invesco (NYSE:IVZ) Stock Price

Key Points

• Morgan Stanley raised its price target on Invesco (NYSE:IVZ) from $24.00 to $26.00, suggesting a potential upside of 7.72% based on the stock's previous close.
• Invesco's quarterly earnings reported a miss with $0.36 EPS, falling short of the consensus estimate of $0.41, while revenue slightly increased to $1.10 billion, exceeding expectations.
• The stock is rated with a consensus of "Hold" with various analysts providing differing ratings, indicating a mixed outlook for the asset manager's performance.

Invesco (NYSE:IVZ - Get Free Report) had its price target upped by investment analysts at Morgan Stanley from $24.00 to $26.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the asset manager's stock. Morgan Stanley's price objective would indicate a potential upside of 7.72% from the stock's previous close.

Several other research firms also recently commented on IVZ. Cowen reaffirmed a "buy" rating on shares of Invesco in a research note on Thursday, September 18th. BMO Capital Markets started coverage on shares of Invesco in a research note on Friday. They set an "outperform" rating and a $28.00 target price on the stock. Evercore ISI restated a "positive" rating on shares of Invesco in a research report on Friday, September 5th. Royal Bank Of Canada restated a "sector perform" rating and set a $16.00 price objective (up from $14.00) on shares of Invesco in a research report on Thursday, July 10th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Invesco in a report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and thirteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $21.58.

Invesco Stock Performance

Shares of NYSE IVZ traded up $0.10 during midday trading on Monday, hitting $24.14. 286,001 shares of the stock traded hands, compared to its average volume of 5,359,581. Invesco has a one year low of $11.60 and a one year high of $24.21. The firm has a 50-day moving average of $21.84 and a two-hundred day moving average of $17.51. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $10.76 billion, a P/E ratio of 25.85, a PEG ratio of 1.20 and a beta of 1.66.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). Invesco had a return on equity of 8.60% and a net margin of 10.68%.The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business posted $0.43 earnings per share. The firm's revenue was up 2.2% on a year-over-year basis. On average, equities analysts forecast that Invesco will post 1.87 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Stephanie Butcher sold 103,192 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $22.12, for a total value of $2,282,607.04. Following the sale, the director owned 29,855 shares in the company, valued at approximately $660,392.60. The trade was a 77.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.21% of the company's stock.

Institutional Investors Weigh In On Invesco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IVZ. Aaron Wealth Advisors LLC bought a new position in shares of Invesco during the 3rd quarter valued at approximately $326,000. GAMMA Investing LLC increased its position in Invesco by 11.0% during the third quarter. GAMMA Investing LLC now owns 32,836 shares of the asset manager's stock valued at $753,000 after acquiring an additional 3,247 shares during the last quarter. Corient Private Wealth LLC increased its position in Invesco by 51.5% during the second quarter. Corient Private Wealth LLC now owns 52,863 shares of the asset manager's stock valued at $834,000 after acquiring an additional 17,981 shares during the last quarter. Capital A Wealth Management LLC increased its position in Invesco by 4,802.9% during the second quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager's stock valued at $26,000 after acquiring an additional 1,633 shares during the last quarter. Finally, CacheTech Inc. bought a new position in Invesco during the 2nd quarter valued at about $293,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

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.

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