Deutsche Bank Lowers Invesco (IVZ) Price Target to $27.00

Invesco (NYSE:IVZ) had its price target dropped by equities research analysts at Deutsche Bank from $30.00 to $27.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the asset manager’s stock. Deutsche Bank’s price target indicates a potential upside of 35.41% from the stock’s current price.

A number of other equities analysts have also recently weighed in on IVZ. Keefe, Bruyette & Woods cut shares of Invesco from an “outperform” rating to a “market perform” rating in a research report on Friday, July 13th. Morgan Stanley reduced their price target on shares of Invesco from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Zacks Investment Research raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. Credit Suisse Group reduced their price target on shares of Invesco from $39.00 to $37.00 and set an “outperform” rating on the stock in a research report on Friday, July 27th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Invesco from $34.00 to $29.00 and set an “overweight” rating on the stock in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Invesco currently has a consensus rating of “Hold” and a consensus price target of $34.92.

Shares of NYSE IVZ opened at $19.94 on Thursday. The firm has a market cap of $9.40 billion, a PE ratio of 7.38, a PEG ratio of 0.94 and a beta of 1.65. Invesco has a twelve month low of $19.65 and a twelve month high of $38.43. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.87.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Thursday, July 26th. The asset manager reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. The company had revenue of $974.00 million for the quarter, compared to analysts’ expectations of $960.91 million. Invesco had a net margin of 21.64% and a return on equity of 12.70%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. As a group, equities analysts anticipate that Invesco will post 2.71 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. lifted its position in Invesco by 62.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 93,072 shares of the asset manager’s stock valued at $2,472,000 after acquiring an additional 35,710 shares in the last quarter. OppenheimerFunds Inc. lifted its position in Invesco by 15.7% in the 2nd quarter. OppenheimerFunds Inc. now owns 24,443 shares of the asset manager’s stock valued at $649,000 after acquiring an additional 3,308 shares in the last quarter. Cadence Capital Management LLC lifted its position in Invesco by 9.8% in the 2nd quarter. Cadence Capital Management LLC now owns 64,927 shares of the asset manager’s stock valued at $1,724,000 after acquiring an additional 5,788 shares in the last quarter. Standard Life Aberdeen plc lifted its position in Invesco by 12.5% in the 2nd quarter. Standard Life Aberdeen plc now owns 207,564 shares of the asset manager’s stock valued at $5,513,000 after acquiring an additional 22,993 shares in the last quarter. Finally, Nelson Roberts Investment Advisors LLC increased its stake in Invesco by 3.2% in the 3rd quarter. Nelson Roberts Investment Advisors LLC now owns 200,272 shares of the asset manager’s stock valued at $4,582,000 after buying an additional 6,145 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Invesco (NYSE:IVZ)

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