Invesco (NYSE:IVZ) Given New $26.00 Price Target at Morgan Stanley

Invesco (NYSE:IVZ) had its target price lowered by analysts at Morgan Stanley from $28.00 to $26.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s target price points to a potential upside of 5.49% from the company’s current price.

Several other brokerages also recently commented on IVZ. TD Cowen set a $34.50 target price on shares of Invesco in a report on Wednesday, January 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Invesco in a report on Monday, December 29th. Argus set a $31.00 price target on Invesco in a research report on Wednesday, January 28th. Barclays dropped their price objective on Invesco from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 28th. Finally, The Goldman Sachs Group boosted their price objective on Invesco from $29.50 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $28.25.

Invesco Trading Up 1.5%

Shares of IVZ stock opened at $24.65 on Wednesday. Invesco has a 12 month low of $11.60 and a 12 month high of $29.61. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $25.64 and its two-hundred day moving average is $25.09. The company has a market cap of $10.94 billion, a PE ratio of -15.37, a price-to-earnings-growth ratio of 0.44 and a beta of 1.68.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Invesco had a negative net margin of 6.92% and a positive return on equity of 10.26%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the company earned $0.52 earnings per share. Invesco’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities analysts predict that Invesco will post 1.87 EPS for the current year.

Institutional Investors Weigh In On Invesco

Several hedge funds have recently made changes to their positions in IVZ. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco in the 1st quarter worth approximately $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Invesco by 7.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock valued at $543,000 after purchasing an additional 2,393 shares during the period. Woodline Partners LP increased its position in shares of Invesco by 40.2% during the first quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock valued at $574,000 after purchasing an additional 10,859 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Invesco by 1.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock valued at $15,878,000 after purchasing an additional 12,685 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Invesco by 10.6% in the second quarter. Creative Planning now owns 32,007 shares of the asset manager’s stock valued at $505,000 after purchasing an additional 3,079 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

About Invesco

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.