Invesco (NYSE:IVZ) PT Lowered to $17.75

Invesco (NYSE:IVZ - Get Free Report) had its target price lowered by analysts at The Goldman Sachs Group from $18.00 to $17.75 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a "neutral" rating on the asset manager's stock. The Goldman Sachs Group's target price indicates a potential upside of 13.06% from the company's previous close.

IVZ has been the subject of a number of other research reports. TD Cowen initiated coverage on Invesco in a report on Thursday, January 4th. They issued an "outperform" rating and a $21.00 target price for the company. Royal Bank of Canada increased their price target on Invesco from $14.00 to $16.00 and gave the company a "sector perform" rating in a research note on Thursday, January 18th. StockNews.com raised Invesco from a "sell" rating to a "hold" rating in a research note on Friday, February 23rd. TheStreet cut Invesco from a "b-" rating to a "c" rating in a research note on Friday, February 23rd. Finally, Keefe, Bruyette & Woods decreased their price target on Invesco from $21.00 to $19.50 and set an "outperform" rating for the company in a research note on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $17.38.

Invesco Price Performance

IVZ traded down $0.17 on Thursday, reaching $15.70. The stock had a trading volume of 3,427,198 shares, compared to its average volume of 4,708,961. Invesco has a fifty-two week low of $12.48 and a fifty-two week high of $18.71. The firm has a 50-day moving average of $15.85 and a 200-day moving average of $15.36. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of -21.31, a price-to-earnings-growth ratio of 1.06 and a beta of 1.44.

Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.07. Invesco had a positive return on equity of 7.93% and a negative net margin of 1.70%. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Invesco will post 1.73 EPS for the current year.

Institutional Investors Weigh In On Invesco

Several institutional investors and hedge funds have recently made changes to their positions in IVZ. Orion Capital Management LLC bought a new position in Invesco in the third quarter worth approximately $25,000. Gables Capital Management Inc. boosted its holdings in Invesco by 74.9% in the fourth quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager's stock worth $29,000 after acquiring an additional 700 shares in the last quarter. Money Concepts Capital Corp boosted its holdings in Invesco by 150.1% in the fourth quarter. Money Concepts Capital Corp now owns 1,688 shares of the asset manager's stock worth $30,000 after acquiring an additional 1,013 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Invesco in the third quarter worth approximately $32,000. Finally, Sentry Investment Management LLC bought a new position in Invesco in the third quarter worth approximately $36,000. 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.