Invesco (IVZ) Given a $19.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a $19.00 price objective on Invesco (NYSE:IVZ) in a research report sent to investors on Friday morning. The brokerage currently has a hold rating on the asset manager’s stock.

IVZ has been the subject of several other research reports. Barclays reaffirmed a buy rating and set a $19.00 price objective on shares of Invesco in a research report on Thursday, January 10th. Deutsche Bank reduced their price objective on shares of Invesco from $27.00 to $25.00 and set a buy rating for the company in a research report on Friday, November 16th. Zacks Investment Research raised shares of Invesco from a sell rating to a hold rating in a research report on Tuesday, October 16th. Royal Bank of Canada reaffirmed a buy rating and set a $30.00 price objective on shares of Invesco in a research report on Friday, October 19th. Finally, Wells Fargo & Co downgraded shares of Invesco from an outperform rating to a market perform rating and reduced their price objective for the stock from $27.00 to $22.00 in a research report on Tuesday, December 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $23.70.

Shares of IVZ stock opened at $18.19 on Friday. The company has a market cap of $7.40 billion, a PE ratio of 7.49, a P/E/G ratio of 1.06 and a beta of 1.50. Invesco has a 52 week low of $15.38 and a 52 week high of $35.03. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.55 and a quick ratio of 1.55.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Wednesday, January 30th. The asset manager reported $0.44 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.10). The company had revenue of $919.20 million for the quarter, compared to analyst estimates of $913.37 million. Invesco had a return on equity of 10.88% and a net margin of 16.61%. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period last year, the business earned $0.73 EPS. On average, sell-side analysts expect that Invesco will post 2.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend is Wednesday, February 13th. Invesco’s dividend payout ratio is currently 49.38%.

In other news, Director Rod Canion bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were bought at an average cost of $17.97 per share, for a total transaction of $179,700.00. Following the acquisition, the director now directly owns 64,451 shares in the company, valued at $1,158,184.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of IVZ. American Century Companies Inc. lifted its holdings in shares of Invesco by 19.8% in the 3rd quarter. American Century Companies Inc. now owns 19,693,259 shares of the asset manager’s stock worth $450,582,000 after purchasing an additional 3,250,743 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in shares of Invesco by 114.1% in the 3rd quarter. Federated Investors Inc. PA now owns 5,085,662 shares of the asset manager’s stock worth $116,361,000 after purchasing an additional 2,709,900 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Invesco by 4.6% in the 4th quarter. BlackRock Inc. now owns 34,987,298 shares of the asset manager’s stock worth $585,687,000 after purchasing an additional 1,552,429 shares in the last quarter. CWM LLC lifted its holdings in shares of Invesco by 94,886.4% in the 4th quarter. CWM LLC now owns 1,440,943 shares of the asset manager’s stock worth $24,121,000 after purchasing an additional 1,439,426 shares in the last quarter. Finally, Kiltearn Partners LLP lifted its holdings in shares of Invesco by 18.9% in the 3rd quarter. Kiltearn Partners LLP now owns 8,758,297 shares of the asset manager’s stock worth $200,390,000 after purchasing an additional 1,393,287 shares in the last quarter. Institutional investors own 79.67% of the company’s stock.

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.

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Analyst Recommendations for Invesco (NYSE:IVZ)

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