Morgan Stanley Sticks to Its Hold Rating for Invesco (IVZ)

In a report released today, Michael Cyprys from Morgan Stanley maintained a Hold rating on Invesco (IVZResearch Report), with a price target of $25.00. The company’s shares closed last Monday at $20.31.

According to, Cyprys is a 4-star analyst with an average return of 6.9% and a 54.5% success rate. Cyprys covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, Virtus Investment Partners, and Intercontinental Exchange.

Currently, the analyst consensus on Invesco is a Moderate Buy with an average price target of $24.59, implying a 20.5% upside from current levels. In a report issued on April 12, KBW also downgraded the stock to Hold with a $25.00 price target.

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Based on Invesco’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.76 billion and net profit of $486 million. In comparison, last year the company earned revenue of $1.63 billion and had a net profit of $270 million.

Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is neutral on the stock.

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Invesco Ltd. engages as an independent global investment management firm. It operates through Investment Management segment. The firm offers a range of single-country, regional, and global capabilities across major equity, fixed income and alternative asset classes, delivered through a diverse set of investment vehicles. The company was founded in December 1935 and is headquartered in Atlanta, GA.

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