Morgan Stanley Issues Pessimistic Forecast for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its price target cut by Morgan Stanley from $19.00 to $18.00 in a research note published on Tuesday. They currently have an equal weight rating on the asset manager’s stock.

Several other research firms have also commented on IVZ. Royal Bank of Canada initiated coverage on Invesco in a report on Tuesday. They issued a “sector perform” rating and a $19.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their target price on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Wells Fargo & Company lowered their price target on Invesco from $17.50 to $17.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods reduced 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 report on Friday, December 20th. Finally, Barclays dropped their target price on shares of Invesco from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.71.

Invesco Price Performance

IVZ stock opened at $19.26 on Tuesday. Invesco has a 52-week low of $14.16 and a 52-week high of $19.55. The business has a fifty day moving average of $17.70 and a two-hundred day moving average of $17.30. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of -20.93, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. As a group, research analysts anticipate that Invesco will post 1.7 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.26%. The ex-dividend date is Friday, February 14th. Invesco’s dividend payout ratio is presently 69.49%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fisher Asset Management LLC lifted its holdings in shares of Invesco by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after purchasing an additional 87,405 shares during the period. Massachusetts Mutual Life Insurance Co. acquired a new stake in shares of Invesco in the 3rd quarter worth $1,428,196,000. Algert Global LLC purchased a new stake in shares of Invesco in the second quarter valued at about $551,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Invesco by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after acquiring an additional 1,020 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Invesco during the third quarter worth about $853,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

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.