Invesco (NYSE:IVZ) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Invesco (NYSE:IVZ) had its price target raised by research analysts at BMO Capital Markets from $19.00 to $21.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the asset manager’s stock. BMO Capital Markets’ price target indicates a potential upside of 8.96% from the stock’s current price.

Several other research firms have also issued reports on IVZ. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $20.00 price target (up from $18.00) on shares of Invesco in a research report on Wednesday. The Goldman Sachs Group raised their price target on Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a report on Wednesday. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Morgan Stanley reduced their target price on shares of Invesco from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Barclays raised their price objective on shares of Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.71.

Invesco Price Performance

Invesco stock traded down $0.07 during trading hours on Wednesday, hitting $19.27. 3,595,997 shares of the stock were exchanged, compared to its average volume of 4,059,982. Invesco has a 12 month low of $14.16 and a 12 month high of $19.49. The business’s 50-day moving average is $17.64 and its two-hundred day moving average is $17.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The stock has a market capitalization of $8.66 billion, a P/E ratio of -20.93, a P/E/G ratio of 1.06 and a beta of 1.43.

Invesco (NYSE:IVZ) last released 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%. Equities research analysts expect that Invesco will post 1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Avior Wealth Management LLC increased its stake in shares of Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after acquiring an additional 1,285 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Invesco during the third quarter worth approximately $35,000. Allworth Financial LP raised 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 valued at $42,000 after buying an additional 1,806 shares during the period. Crews Bank & Trust purchased a new stake in Invesco in the fourth quarter valued at approximately $44,000. Finally, Truvestments Capital LLC acquired a new stake in Invesco in the 3rd quarter valued at about $76,000. Institutional investors own 66.09% of the company’s stock.

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.