Morgan Stanley Lowers Invesco (NYSE:IVZ) Price Target to $26.00

Invesco (NYSE:IVZ) had its price target reduced by Morgan Stanley from $28.00 to $26.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s target price points to a potential upside of 5.49% from the stock’s current price.

IVZ has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft raised Invesco from a “hold” rating to a “buy” rating and lifted their target price for the company from $26.00 to $31.00 in a research note on Wednesday, December 17th. Argus set a $31.00 price target on shares of Invesco in a research report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. Zacks Research lowered shares of Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. increased their target price on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Invesco presently has a consensus rating of “Hold” and an average target price of $28.25.

Invesco Price Performance

IVZ opened at $24.65 on Wednesday. The stock has a fifty day moving average of $25.64 and a 200-day moving average of $25.09. The firm has a market capitalization of $10.94 billion, a P/E ratio of -15.37, a PEG ratio of 0.44 and a beta of 1.68. Invesco has a 12-month low of $11.60 and a 12-month high of $29.61. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.04.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.Invesco’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. Equities analysts forecast that Invesco will post 1.87 EPS for the current fiscal year.

Institutional Trading of Invesco

Institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. increased its position in Invesco by 53.3% during the third quarter. Citigroup Inc. now owns 732,436 shares of the asset manager’s stock worth $16,802,000 after buying an additional 254,501 shares during the last quarter. Convergence Investment Partners LLC bought a new position in Invesco during the third quarter valued at about $3,021,000. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Invesco in the third quarter worth about $1,130,000. Thrivent Financial for Lutherans lifted its position in shares of Invesco by 83.5% in the third quarter. Thrivent Financial for Lutherans now owns 631,046 shares of the asset manager’s stock worth $14,476,000 after buying an additional 287,219 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Invesco by 177.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,841 shares of the asset manager’s stock worth $639,000 after acquiring an additional 17,798 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

About Invesco

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.