Invesco Ltd. (NYSE:IVZ) Given Consensus Recommendation of “Hold” by Brokerages

Invesco Ltd. (NYSE:IVZ) has earned an average rating of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $17.08.

IVZ has been the topic of several research analyst reports. Barclays began coverage on Invesco in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 target price on the stock. Royal Bank of Canada lifted their price objective on Invesco from $16.00 to $17.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. The Goldman Sachs Group cut their price target on Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Evercore ISI raised their price objective on shares of Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, August 20th. Finally, StockNews.com downgraded shares of Invesco from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st.

Hedge Funds Weigh In On Invesco

Hedge funds have recently modified their holdings of the stock. Family Firm Inc. acquired a new stake in shares of Invesco in the 2nd quarter valued at $28,000. Sentry Investment Management LLC acquired a new stake in Invesco during the 2nd quarter valued at $30,000. Quarry LP acquired a new position in Invesco in the fourth quarter worth $37,000. Fidelis Capital Partners LLC acquired a new stake in shares of Invesco in the first quarter valued at $52,000. Finally, Abich Financial Wealth Management LLC lifted its position in Invesco by 50.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock worth $60,000 after buying an additional 1,210 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Trading Up 1.5 %

NYSE:IVZ opened at $17.74 on Friday. The stock has a fifty day simple moving average of $16.69 and a 200 day simple moving average of $15.95. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of -23.65, a price-to-earnings-growth ratio of 1.18 and a beta of 1.44. Invesco has a 1-year low of $12.48 and a 1-year high of $18.28.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. Sell-side analysts forecast that Invesco will post 1.65 earnings per share for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Friday, August 16th. Invesco’s payout ratio is presently -109.33%.

About Invesco

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.