Invesco (NYSE:IVZ) Price Target Raised to $22.00 at BMO Capital Markets


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Invesco (NYSE:IVZ) had its price target increased by analysts at BMO Capital Markets from $19.00 to $22.00 in a research report issued on Wednesday, The Fly reports. The brokerage presently has a “market perform” rating on the asset manager’s stock. BMO Capital Markets’ target price would indicate a potential upside of 5.06% from the company’s previous close.

A number of other equities analysts have also recently weighed in on IVZ. Citigroup upgraded Invesco from a “sell” rating to a “neutral” rating and increased their price target for the stock from $4.50 to $13.00 in a report on Monday, October 12th. Zacks Investment Research upgraded Invesco from a “hold” rating to a “strong-buy” rating and set a $16.00 price target for the company in a report on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft increased their price target on Invesco from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods upgraded Invesco from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $15.00 to $16.50 in a report on Tuesday, October 27th. Finally, Barclays increased their price target on Invesco from $15.00 to $18.00 and gave the stock an “underweight” rating in a report on Monday. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.04.

Shares of IVZ opened at $20.94 on Wednesday. Invesco has a 52-week low of $6.38 and a 52-week high of $22.10. The company has a market capitalization of $9.62 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.38. The stock has a fifty day simple moving average of $18.47 and a two-hundred day simple moving average of $13.96. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.84.

Invesco (NYSE:IVZ) last issued its earnings results on Monday, January 25th. The asset manager reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.15. Invesco had a return on equity of 9.62% and a net margin of 9.78%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $0.64 EPS. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. As a group, equities analysts anticipate that Invesco will post 1.78 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Prudential PLC boosted its holdings in Invesco by 21.7% during the 3rd quarter. Prudential PLC now owns 7,894,321 shares of the asset manager’s stock valued at $90,074,000 after acquiring an additional 1,405,347 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Invesco by 36.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,828,561 shares of the asset manager’s stock valued at $55,094,000 after purchasing an additional 1,299,856 shares in the last quarter. Pzena Investment Management LLC raised its position in Invesco by 8.2% in the 3rd quarter. Pzena Investment Management LLC now owns 4,520,066 shares of the asset manager’s stock valued at $51,574,000 after purchasing an additional 342,305 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Invesco by 4.2% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 1,714,730 shares of the asset manager’s stock valued at $19,565,000 after purchasing an additional 69,782 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Invesco by 43.7% in the 3rd quarter. Victory Capital Management Inc. now owns 1,510,650 shares of the asset manager’s stock valued at $17,237,000 after purchasing an additional 459,072 shares in the last quarter. Institutional investors own 70.41% 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.

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