UBS Group Raises Invesco Price Target to $21.00

Investment analysts at UBS Group have raised their price target for Invesco (NYSE:IVZ) from $17.00 to $21.00, according to a note released to investors on Monday. The analysts also assigned a "neutral" rating to the company, indicating their outlook for the stock is stable. This upgraded price target suggests there is potential for a 12.51% increase from Invesco's current trading price.

Other research firms have also adjusted their opinions regarding Invesco recently. For instance, the Goldman Sachs Group lifted their target price for Invesco shares from $19.00 to $20.75 while maintaining a "neutral" rating in a note published on January 29. Similarly, BMO Capital Markets announced an increase in their target price from $19.00 to $21.00, also labeling the stock as "market perform." StockNews.com made a notable upgrade as well, changing their rating for Invesco from "sell" to "hold" on October 18. Meanwhile, JPMorgan Chase & Co. reduced their target from $20.00 to $19.00, retaining a "neutral" stance. Wells Fargo & Company also revised their price target for Invesco, raising it from $17.00 to $19.50 while assigning an "underweight" rating. Currently, the consensus rating for Invesco is "Hold," with an average price target of $19.87, as reported by MarketBeat.com.

Current Trading Overview

Invesco's shares faced a minor decline of $0.57 during midday trading on Monday, bringing the stock price down to $18.67. The trading volume was approximately 1,148,596 shares, compared to its average volume of 4,315,994. Invesco holds a market capitalization of $8.39 billion and has a price-to-earnings ratio of 15.79. When examining its financial ratios, Invesco has a PEG ratio of 1.06, a beta of 1.43, a debt-to-equity ratio of 0.49, a quick ratio of 4.91, and a current ratio of 4.91. Over the past year, the company's stock has fluctuated between a low of $14.16 and a high of $19.55.

Recent Earnings Report

Invesco's latest quarterly earnings report was released on January 28. The asset management firm reported earnings per share (EPS) of $0.52, surpassing the analysts' estimated EPS of $0.51 by a narrow margin. Invesco's return on equity stood at 8.18%, with a net margin of 12.77%. Analysts project that Invesco will achieve an EPS of 1.85 for the current fiscal year.

Institutional Investor Activity

Recently, various institutional investors have made changes to their stakes in Invesco. Massachusetts Mutual Life Insurance Co. made a significant investment, acquiring shares worth $1,428,196,000 during the third quarter. Additionally, Azora Capital LP also purchased a new stake in Invesco valued at approximately $27,289,000. UBS AM, a division of UBS ASSET MANAGEMENT AMERICAS LLC, increased its holdings by 131.3% in the same period, owning a total of 910,156 shares after acquiring an additional 516,622 shares. Algert Global LLC notably expanded its stake by 1,207.8%, now owning 481,270 shares. Furthermore, Ieq Capital LLC raised its holdings by 635.9%, now holding 490,242 shares of Invesco. Currently, 66.09% of Invesco shares are owned by institutional investors and hedge funds.

About Invesco

Invesco Ltd. is a publicly traded investment management company. The firm provides services to a wide range of clients including retail clients, institutional clients, high-net-worth individuals, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.

Invesco, UBS, Target