Morgan Stanley Has Lowered Expectations for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its price objective reduced by equities research analysts at Morgan Stanley from $19.00 to $18.00 in a report issued on Tuesday. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price objective would indicate a potential downside of 5.23% from the company’s current price.

Several other brokerages have also commented on IVZ. JPMorgan Chase & Co. upped their price objective on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods lowered their price objective on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday, December 20th. Royal Bank of Canada assumed coverage on shares of Invesco in a research note on Tuesday. They set a “sector perform” rating and a $19.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Invesco currently has a consensus rating of “Hold” and a consensus price target of $19.71.

Invesco Stock Down 1.8 %

Shares of NYSE IVZ opened at $18.99 on Tuesday. Invesco has a 1 year low of $14.16 and a 1 year high of $19.49. The company has a market capitalization of $8.54 billion, a P/E ratio of -20.64, a P/E/G ratio of 1.06 and a beta of 1.43. The company has a 50 day simple moving average of $17.67 and a 200-day simple moving average of $17.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. On average, equities research analysts predict that Invesco will post 1.7 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IVZ. Avior Wealth Management LLC lifted its position in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Invesco during the third quarter worth about $35,000. Allworth Financial LP lifted its holdings in shares of Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,806 shares during the last quarter. Crews Bank & Trust purchased a new position in Invesco during the 4th quarter worth approximately $44,000. Finally, Truvestments Capital LLC acquired a new position in Invesco during the third quarter worth approximately $76,000. 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.