Royal Bank of Canada Begins Coverage on Invesco (NYSE:IVZ)

Equities researchers at Royal Bank of Canada began coverage on shares of Invesco (NYSE:IVZ) in a research report issued on Tuesday. The brokerage set a “sector perform” rating and a $19.00 price target on the asset manager’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 0.04% from the stock’s current price.

Several other research analysts have also weighed in on IVZ. JPMorgan Chase & Co. increased their target price on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Morgan Stanley increased their target price on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Evercore ISI increased their target price on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. UBS Group increased their target price on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price 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. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus target price of $19.71.

Invesco Price Performance

Shares of NYSE:IVZ opened at $18.99 on Tuesday. The company has a market cap of $8.54 billion, a P/E ratio of -20.64, a P/E/G 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 has a 52 week low of $14.16 and a 52 week high of $19.49. The business has a fifty day simple moving average of $17.67 and a 200-day simple moving average of $17.28.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) 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%. Equities research analysts forecast that Invesco will post 1.7 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake in Invesco by 1.5% during the 4th quarter. Van ECK Associates Corp now owns 161,758 shares of the asset manager’s stock valued at $2,828,000 after acquiring an additional 2,316 shares during the last quarter. Savant Capital LLC boosted its stake in Invesco by 4.0% during the 4th quarter. Savant Capital LLC now owns 139,522 shares of the asset manager’s stock valued at $2,439,000 after acquiring an additional 5,323 shares during the last quarter. AlphaStar Capital Management LLC lifted its holdings in Invesco by 89.9% during the 4th quarter. AlphaStar Capital Management LLC now owns 27,658 shares of the asset manager’s stock worth $483,000 after buying an additional 13,090 shares during the last quarter. Entropy Technologies LP grew its position in shares of Invesco by 176.3% in the 4th quarter. Entropy Technologies LP now owns 62,995 shares of the asset manager’s stock worth $1,101,000 after acquiring an additional 40,195 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its position in shares of Invesco by 51.7% in the 4th quarter. Apollon Wealth Management LLC now owns 23,444 shares of the asset manager’s stock worth $410,000 after acquiring an additional 7,986 shares in the last quarter. 66.09% of the stock is currently owned by 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.