Morgan Stanley Issues Positive Forecast for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its price objective increased by analysts at Morgan Stanley from $28.00 to $29.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s target price indicates a potential upside of 11.63% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. Argus reiterated a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. The Goldman Sachs Group lifted their price objective on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered Invesco from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 2nd. Wall Street Zen downgraded Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Barclays raised their price target on Invesco from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.86.

Invesco Stock Performance

Shares of NYSE IVZ opened at $25.98 on Friday. The company has a market cap of $11.52 billion, a PE ratio of -17.69, a price-to-earnings-growth ratio of 0.58 and a beta of 1.60. Invesco has a 12 month low of $15.30 and a 12 month high of $29.82. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. The company has a 50-day simple moving average of $27.06 and a 200-day simple moving average of $26.41.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the firm earned $0.44 EPS. The business’s quarterly revenue was up 14.0% on a year-over-year basis. On average, equities analysts anticipate that Invesco will post 2.57 earnings per share for the current year.

Institutional Investors Weigh In On Invesco

A number of institutional investors have recently added to or reduced their stakes in IVZ. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco in the 1st quarter worth about $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Invesco by 7.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock worth $543,000 after purchasing an additional 2,393 shares in the last quarter. Woodline Partners LP increased its position in Invesco by 40.2% during the 1st quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock worth $574,000 after purchasing an additional 10,859 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 buying an additional 12,685 shares during the period. Finally, Baird Financial Group Inc. grew its stake in Invesco by 6.6% during the second quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock worth $1,615,000 after buying an additional 6,341 shares during the period. Hedge funds and other 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.