Invesco (NYSE:IVZ) Given New $19.00 Price Target at Deutsche Bank Aktiengesellschaft

Invesco (NYSE:IVZ) had its price objective raised by research analysts at Deutsche Bank Aktiengesellschaft from $18.00 to $19.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the asset manager’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 6.80% from the stock’s current price.

Several other brokerages have also recently issued reports on IVZ. JPMorgan Chase & Co. upped their target price on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, October 21st. UBS Group raised their price objective on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada raised their price target on Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI boosted their price objective on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Invesco has an average rating of “Hold” and an average price target of $18.63.

Invesco Stock Performance

NYSE:IVZ opened at $17.79 on Monday. The firm has a market capitalization of $8.00 billion, a PE ratio of -19.34, a price-to-earnings-growth ratio of 1.03 and a beta of 1.44. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. The business’s fifty day moving average price is $17.39 and its 200 day moving average price is $16.35. Invesco has a 12 month low of $12.82 and a 12 month high of $18.94.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The business’s quarterly revenue was down 20.8% on a year-over-year basis. During the same quarter last year, the company earned $0.35 EPS. On average, sell-side analysts anticipate that Invesco will post 1.69 earnings per share for the current fiscal year.

Institutional Trading of Invesco

Hedge funds and other institutional investors have recently made changes to their positions in the company. Avior Wealth Management LLC lifted its position in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares during the period. Family Firm Inc. acquired a new stake in shares of Invesco in the 2nd quarter valued at approximately $28,000. Sentry Investment Management LLC acquired a new position in Invesco during the second quarter worth $30,000. Allworth Financial LP raised its position in Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,806 shares in the last quarter. Finally, Abich Financial Wealth Management LLC lifted its holdings in Invesco by 50.0% in the first quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock valued at $60,000 after acquiring an additional 1,210 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

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.