Barclays Has Lowered Expectations for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its target price decreased by research analysts at Barclays from $19.00 to $18.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the asset manager’s stock. Barclays‘s price target would indicate a potential upside of 4.63% from the company’s current price.

A number of other brokerages have also commented on IVZ. Keefe, Bruyette & Woods cut their price target on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, December 20th. JPMorgan Chase & Co. lifted their price target on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Royal Bank of Canada lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Finally, UBS Group boosted their target price on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Invesco has a consensus rating of “Hold” and a consensus target price of $18.71.

Invesco Stock Performance

NYSE IVZ opened at $17.20 on Friday. The firm’s fifty day moving average price is $17.63 and its two-hundred day moving average price is $17.14. The stock has a market cap of $7.73 billion, a PE ratio of -18.70, a PEG ratio of 0.79 and a beta of 1.43. Invesco has a fifty-two week low of $14.16 and a fifty-two week high of $18.94. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The company’s revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, equities analysts expect that Invesco will post 1.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Invesco

Several hedge funds and other institutional investors have recently bought and sold shares of IVZ. Avior Wealth Management LLC increased its stake in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco during the third quarter worth about $35,000. Allworth Financial LP increased its position in shares of Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,806 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Invesco during the third quarter worth about $76,000. Finally, True Wealth Design LLC bought a new stake in shares of Invesco during the third quarter worth about $77,000. 66.09% 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.