Barclays Forecasts Strong Price Appreciation for Invesco (NYSE:IVZ) Stock

Invesco (NYSE:IVZ) had its price target upped by research analysts at Barclays from $13.00 to $14.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Barclays‘s target price indicates a potential downside of 0.64% from the company’s previous close.

Several other equities analysts have also recently issued reports on IVZ. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. BMO Capital Markets upped their price target on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. Argus raised their price objective on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. TD Cowen lowered Invesco from a “buy” rating to a “hold” rating and cut their target price for the stock from $22.00 to $13.00 in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group decreased their price target on Invesco from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Invesco presently has an average rating of “Hold” and a consensus price target of $17.25.

Invesco Trading Up 4.3 %

Shares of NYSE:IVZ opened at $14.09 on Wednesday. Invesco has a twelve month low of $11.60 and a twelve month high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a market cap of $6.31 billion, a P/E ratio of 11.94, a P/E/G ratio of 0.98 and a beta of 1.26. The company has a 50 day moving average of $15.01 and a 200-day moving average of $16.88.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $0.33 EPS. As a group, analysts anticipate that Invesco will post 1.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IVZ. Barclays PLC lifted its holdings in shares of Invesco by 1.5% during the 3rd quarter. Barclays PLC now owns 2,364,174 shares of the asset manager’s stock valued at $41,516,000 after buying an additional 35,031 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Invesco during the third quarter worth approximately $35,000. Franklin Resources Inc. grew its stake in Invesco by 136.2% in the 3rd quarter. Franklin Resources Inc. now owns 127,777 shares of the asset manager’s stock valued at $2,265,000 after buying an additional 73,671 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Invesco by 3.3% in the third quarter. Principal Financial Group Inc. now owns 511,850 shares of the asset manager’s stock valued at $8,988,000 after purchasing an additional 16,473 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Invesco by 0.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,097,568 shares of the asset manager’s stock valued at $19,273,000 after buying an additional 8,097 shares during the last quarter. Hedge funds and other institutional investors 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.