Highlights
- UBS Group has raised Invesco's target stock price from $17.00 to $21.00, indicating a potential upside of nearly 14%.
- Other financial institutions, including Goldman Sachs, Argus, BMO Capital Markets, Evercore ISI, and Barclays, have also revised their price targets for Invesco, reflecting cautious optimism.
- Institutional investors have shown dynamic interest, adjusting their stakes in Invesco, with significant movement observed in the third quarter.
Experts' Perspectives and Price Targets
The update from UBS Group to elevate Invesco's price target suggests a buoyant outlook on the asset manager. Meanwhile, similar revisions have been observed across other major financial entities:
- Goldman Sachs increased its target from $19.00 to $20.75.
- Argus issued a "buy" rating, lifting the target to $22.00.
- BMO Capital Markets set their new target at $21.00 with a "market perform" rating.
- Evercore ISI adjusted their estimate to $20.00, maintaining an "in-line" status.
- Barclays settled their target at $20.00 with an "equal weight" stance.
Current Financial Indicators and Market Position
Invesco recently opened trading at $18.43 per share, positioning its market capitalization at approximately $8.28 billion. The current financial metrics reveal a price-to-earnings ratio of 15.61 and a price-to-earnings-growth ratio of 1.06. These indicators highlight a stable market stance, partly underscoring Invesco's twelve-month range between $14.16 and $19.55 per share.
The firm reports a quick ratio and current ratio at an adept 4.91, alongside a favorable debt-to-equity ratio of 0.49, common metrics indicative of strong liquidity and operational efficiency.
Institutional Activity and Stake Adjustments
Recent transactions highlight a dynamic institutional interest in Invesco. Notable movements include:
- Fisher Asset Management LLC increasing its holding by 2.0% to own over 4.54 million shares.
- Massachusetts Mutual Life Insurance Co. acquiring a new substantial stake.
- Sumitomo Mitsui DS Asset Management Company Ltd boosting its positions modestly by 1.3%.
- GSA Capital Partners LLP initiating a new position valued significantly for structural influence.
Company Overview
Invesco Ltd. serves various clients including institutional and retail investors, high-net-worth individuals, and entities like corporations and non-profits. Its robust clientele underscores a diversified investment approach and service delivery aimed at sustained growth.