Invesco (NYSE:IVZ) PT Raised to $19.50 at The Goldman Sachs Group

Invesco (NYSE:IVZ) had its price target raised by equities research analysts at The Goldman Sachs Group from $17.50 to $19.50 in a research report issued to clients and investors 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 10.67% from the company’s current price.

A number of other analysts also recently commented on the company. JPMorgan Chase & Co. upped their price objective on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday. UBS Group raised their price objective on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price objective on Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Evercore ISI raised their price target on shares of Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a report on Tuesday, August 20th. Finally, Barclays lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Invesco presently has an average rating of “Hold” and an average target price of $18.38.

Invesco Trading Up 0.7 %

Shares of Invesco stock opened at $17.62 on Wednesday. Invesco has a fifty-two week low of $12.48 and a fifty-two week high of $18.79. The business’s fifty day moving average is $17.14 and its two-hundred day moving average is $16.11. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. The firm has a market cap of $7.93 billion, a PE ratio of -23.49, a P/E/G ratio of 1.10 and a beta of 1.44.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. Analysts anticipate that Invesco will post 1.66 earnings per share for the current year.

Hedge Funds Weigh In On Invesco

A number of institutional investors have recently made changes to their positions in IVZ. Dimensional Fund Advisors LP increased its stake in shares of Invesco by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock worth $270,540,000 after buying an additional 3,349,069 shares during the last quarter. Swedbank AB acquired a new position in Invesco in the first quarter worth about $41,475,000. Bank of New York Mellon Corp increased its holdings in Invesco by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 2,489,388 shares of the asset manager’s stock valued at $37,241,000 after buying an additional 30,016 shares during the last quarter. AQR Capital Management LLC raised its stake in Invesco by 19.0% during the second quarter. AQR Capital Management LLC now owns 2,364,232 shares of the asset manager’s stock valued at $35,274,000 after buying an additional 377,786 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Invesco by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager’s stock worth $24,843,000 after buying an additional 58,332 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

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.