The Goldman Sachs Group Issues Positive Forecast for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its price objective increased by stock analysts at The Goldman Sachs Group from $19.00 to $20.75 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the asset manager’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 7.60% from the company’s previous close.

Other research analysts have also issued research reports about the company. Evercore ISI upped their price target on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Barclays upped their target price on Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday. Royal Bank of Canada assumed coverage on shares of Invesco in a report on Tuesday. They issued a “sector perform” rating and a $19.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $20.00 target price (up previously from $18.00) on shares of Invesco in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus price target of $19.40.

Invesco Trading Down 0.3 %

IVZ stock traded down $0.06 during midday trading on Wednesday, hitting $19.29. The company had a trading volume of 3,090,938 shares, compared to its average volume of 4,001,944. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of -20.96, a PEG ratio of 1.06 and a beta of 1.43. Invesco has a 52 week low of $14.16 and a 52 week high of $19.49. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average price is $17.64 and its 200 day moving average price is $17.27.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (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%. As a group, equities research analysts expect that Invesco will post 1.7 earnings per share for the current fiscal year.

Institutional Trading of Invesco

Several institutional investors have recently made changes to their positions in the business. Savant Capital LLC raised its position in shares of Invesco by 4.0% during the fourth quarter. Savant Capital LLC now owns 139,522 shares of the asset manager’s stock valued at $2,439,000 after buying an additional 5,323 shares during the last quarter. AlphaStar Capital Management LLC grew its stake in Invesco by 89.9% during the fourth quarter. AlphaStar Capital Management LLC now owns 27,658 shares of the asset manager’s stock valued at $483,000 after acquiring an additional 13,090 shares in the last quarter. Entropy Technologies LP increased its holdings in Invesco by 176.3% in the 4th quarter. Entropy Technologies LP now owns 62,995 shares of the asset manager’s stock valued at $1,101,000 after acquiring an additional 40,195 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of Invesco by 51.7% during the 4th quarter. Apollon Wealth Management LLC now owns 23,444 shares of the asset manager’s stock valued at $410,000 after purchasing an additional 7,986 shares during the last quarter. Finally, Lecap Asset Management Ltd. grew its position in shares of Invesco by 81.1% during the fourth quarter. Lecap Asset Management Ltd. now owns 74,782 shares of the asset manager’s stock valued at $1,307,000 after purchasing an additional 33,489 shares in the last quarter. Hedge funds and other 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.