Invesco (NYSE:IVZ) had its target price reduced by Morgan Stanley from $29.00 to $28.00 in a report released on Tuesday morning. They currently have an equal weight rating on the asset manager’s stock.

Several other brokerages have also recently weighed in on IVZ. UBS Group dropped their price objective on Invesco from $26.00 to $24.00 and set a neutral rating for the company in a report on Monday, October 8th. Zacks Investment Research raised Invesco from a sell rating to a hold rating in a report on Thursday, June 28th. Credit Suisse Group dropped their price objective on Invesco from $39.00 to $37.00 and set an outperform rating for the company in a report on Friday, July 27th. Wells Fargo & Co dropped their price objective on Invesco from $34.00 to $32.00 and set an outperform rating for the company in a report on Friday, July 13th. Finally, Royal Bank of Canada reaffirmed a buy rating and issued a $35.00 price objective on shares of Invesco in a report on Friday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Invesco has an average rating of Hold and a consensus price target of $34.92.

Shares of NYSE IVZ opened at $19.94 on Tuesday. The firm has a market capitalization of $9.40 billion, a price-to-earnings ratio of 7.38, a P/E/G ratio of 0.94 and a beta of 1.65. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.87. Invesco has a fifty-two week low of $19.65 and a fifty-two week high of $38.43.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Thursday, July 26th. The asset manager reported $0.66 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. The firm had revenue of $974.00 million during the quarter, compared to analysts’ expectations of $960.91 million. Invesco had a return on equity of 12.70% and a net margin of 21.64%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 EPS. As a group, equities research analysts forecast that Invesco will post 2.71 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Sun Life Financial INC raised its holdings in shares of Invesco by 3,034.1% during the 2nd quarter. Sun Life Financial INC now owns 4,137 shares of the asset manager’s stock worth $110,000 after buying an additional 4,005 shares in the last quarter. First Interstate Bank raised its holdings in shares of Invesco by 89.2% during the 2nd quarter. First Interstate Bank now owns 4,500 shares of the asset manager’s stock worth $120,000 after buying an additional 2,122 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Invesco by 51.4% during the 2nd quarter. Bessemer Group Inc. now owns 6,706 shares of the asset manager’s stock worth $178,000 after buying an additional 2,277 shares in the last quarter. Private Capital Group LLC raised its holdings in shares of Invesco by 134.0% during the 2nd quarter. Private Capital Group LLC now owns 7,080 shares of the asset manager’s stock worth $188,000 after buying an additional 4,055 shares in the last quarter. Finally, Cozad Asset Management Inc. acquired a new position in shares of Invesco during the 2nd quarter worth $210,000. 78.80% of the stock is owned by institutional investors.

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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Analyst Recommendations for Invesco (NYSE:IVZ)

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