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

Invesco (NYSE:IVZ) had its price objective hoisted by stock analysts at Barclays from $18.00 to $20.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the asset manager’s stock. Barclays‘s target price points to a potential upside of 3.87% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Evercore ISI lifted their price target 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 price target on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday. One equities research 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, the company has a consensus rating of “Hold” and an average target price of $19.71.

Invesco Price Performance

Shares of NYSE:IVZ opened at $19.26 on Wednesday. The firm’s 50 day moving average is $17.70 and its two-hundred day moving average is $17.30. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $8.65 billion, a P/E ratio of -20.93, a PEG ratio of 1.06 and a beta of 1.43. Invesco has a 52 week low of $14.16 and a 52 week high of $19.55.

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

Hedge Funds Weigh In On Invesco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Mutual Life Insurance Co. bought a new position in Invesco in the 3rd quarter worth approximately $1,428,196,000. Azora Capital LP acquired a new stake in shares of Invesco in the 3rd quarter valued at $27,289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Invesco by 131.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock valued at $15,982,000 after purchasing an additional 516,622 shares in the last quarter. Algert Global LLC raised its holdings in shares of Invesco by 1,207.8% in the third quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock valued at $8,451,000 after buying an additional 444,470 shares during the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in Invesco in the 3rd quarter valued at about $4,889,000. Institutional investors and hedge funds 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.