Invesco (NYSE:IVZ) Price Target Raised to $21.00 at UBS Group

Invesco (NYSE:IVZ) had its target price upped by equities research analysts at UBS Group from $17.00 to $21.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the asset manager’s stock. UBS Group’s target price suggests a potential upside of 13.98% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $20.00 price objective (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their price objective on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Barclays boosted their price target on shares of Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Evercore ISI raised their price objective on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. One 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, Invesco has an average rating of “Hold” and a consensus target price of $19.87.

Invesco Stock Performance

Shares of IVZ opened at $18.43 on Monday. The company’s 50 day simple moving average is $17.74 and its 200-day simple moving average is $17.36. The firm has a market cap of $8.28 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. Invesco has a 12-month low of $14.16 and a 12-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.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, equities analysts predict that Invesco will post 1.85 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Massachusetts Mutual Life Insurance Co. purchased a new position in Invesco during the 3rd quarter valued at about $1,428,196,000. State Street Corp increased its stake in shares of Invesco by 0.7% during the 3rd quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock worth $369,823,000 after purchasing an additional 151,408 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Invesco by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock worth $179,666,000 after purchasing an additional 93,126 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Invesco by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after buying an additional 87,405 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Invesco by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,311,814 shares of the asset manager’s stock valued at $75,715,000 after buying an additional 45,891 shares during the last quarter. Institutional investors and hedge funds own 66.09% 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.