Barclays Forecasts Strong Price Appreciation for Invesco (NYSE:IVZ) Stock

Invesco (NYSE:IVZ) had its price target boosted by analysts at Barclays from $14.00 to $15.00 in a report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the asset manager’s stock. Barclays‘s price objective indicates a potential upside of 1.32% from the stock’s current price.

A number of other brokerages have also weighed in on IVZ. Wells Fargo & Company reduced their price target on shares of Invesco from $19.50 to $14.50 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price target on Invesco from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Bank of America cut their target price on shares of Invesco from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. The Goldman Sachs Group raised their target price on Invesco from $15.00 to $15.25 and gave the stock a “neutral” rating in a research report on Wednesday, April 23rd. Finally, TD Cowen lowered Invesco from a “buy” rating to a “hold” rating and dropped their price target for the company from $22.00 to $13.00 in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.32.

Invesco Trading Up 0.9%

NYSE:IVZ opened at $14.81 on Monday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The company has a market cap of $6.63 billion, a PE ratio of 12.55, a P/E/G ratio of 0.98 and a beta of 1.49. Invesco has a 52 week low of $11.60 and a 52 week high of $19.55. The business’s 50 day moving average is $14.05 and its two-hundred day moving average is $16.14.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business earned $0.33 earnings per share. On average, analysts predict that Invesco will post 1.87 EPS for the current year.

Hedge Funds Weigh In On Invesco

A number of hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its position in Invesco by 186.6% in the first quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager’s stock worth $30,000 after acquiring an additional 1,282 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Invesco in the 1st quarter valued at $32,000. Colonial Trust Co SC bought a new stake in Invesco in the fourth quarter worth $38,000. Aster Capital Management DIFC Ltd boosted its holdings in Invesco by 180.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock worth $42,000 after purchasing an additional 1,531 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in Invesco during the first quarter worth $41,000. Institutional investors and hedge funds 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.