Invesco (NYSE:IVZ) Given New $18.00 Price Target at Morgan Stanley

Invesco (NYSE:IVZ) had its target price decreased by Morgan Stanley from $19.00 to $18.00 in a research report report published on Tuesday morning. Morgan Stanley currently has an equal weight rating on the asset manager’s stock.

A number of other brokerages have also weighed in on IVZ. The Goldman Sachs Group cut their target price on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. UBS Group lifted their price target on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price objective on Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company dropped their price objective on shares of Invesco from $17.50 to $17.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Invesco presently has an average rating of “Hold” and an average target price of $18.50.

Invesco Price Performance

Shares of IVZ stock opened at $19.32 on Tuesday. The business has a fifty day simple moving average of $17.64 and a 200 day simple moving average of $17.27. The company has a market cap of $8.68 billion, a P/E ratio of -20.99, a P/E/G ratio of 1.06 and a beta of 1.43. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco has a twelve month low of $14.16 and a twelve month high of $19.49.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. On average, sell-side analysts forecast that Invesco will post 1.7 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.25%. Invesco’s dividend payout ratio (DPR) is currently -89.13%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Avior Wealth Management LLC boosted its position in shares of Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco during the 3rd quarter worth approximately $35,000. Allworth Financial LP grew its position in shares of Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after buying an additional 1,806 shares during the period. Crews Bank & Trust bought a new stake in shares of Invesco in the 4th quarter valued at $44,000. Finally, Truvestments Capital LLC acquired a new position in shares of Invesco during the 3rd quarter valued at $76,000. 66.09% of the stock is owned by institutional investors.

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.