12 Most Undervalued Stocks to Invest in for Under $20

8) Invesco Ltd. (NYSE:IVZ)

Forward P/E as of January 17: 9.01x

Share Price as of January 17: $17.20

Number of Hedge Fund Holders: 32

Invesco Ltd. (NYSE:IVZ) is a publicly owned investment manager. Morgan Stanley increased the firm’s price target to $19 from $18, keeping an “Equal-Weight” rating. The firm upped Q4 EPS estimates by 0.7% on average for the asset manager group, courtesy of the higher asset under management (AUM) levels due to better markets and flows. Elsewhere, TD Cowen analysts maintained their “Buy” rating on the shares of Invesco Ltd. (NYSE:IVZ), demonstrating the stronger-than-expected AUM figures.

The company reported preliminary month-end AUM of $1,846.0 billion as of December 31, 2024. Invesco Ltd. (NYSE:IVZ) delivered net long-term inflows of $12.6 billion in the month, equating to an annualized organic growth rate (AOGR) of ~11%, crushing the estimates of 3.4%. Notably, non-management fee-earning net inflows came in at $1.3 billion and money market net inflows stood at $12.0 billion. TD Cowen believes that the strong AUM figures were due to healthy inflows in both Long-Term and Global Liquidity assets.

TD Cowen went on to add that the volume of these inflows could have a mixed impact on fee rates. That being said, the magnitude of the inflows can positively influence Invesco Ltd. (NYSE:IVZ)’s revenue and adjusted operating income outlooks. Furthermore, the company’s broad and diversified investment capabilities place it well for future growth opportunities.