Brokerages Set Invesco Ltd. (NYSE:IVZ) Price Target at $18.83

Invesco Ltd. (NYSE:IVZ) has been assigned a consensus rating of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $18.79.

Several research firms recently issued reports on IVZ. The Goldman Sachs Group dropped their target price on Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their price objective on Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, December 20th. UBS Group raised their target price on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Evercore ISI upped their price target on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, November 11th.

Invesco Price Performance

Shares of IVZ opened at $16.84 on Tuesday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco has a twelve month low of $14.16 and a twelve month high of $18.94. The stock has a market capitalization of $7.57 billion, a P/E ratio of -18.30, a P/E/G ratio of 0.79 and a beta of 1.43. The company has a 50 day moving average of $17.67 and a 200-day moving average of $17.11.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. As a group, equities research analysts forecast that Invesco will post 1.7 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.87%. The ex-dividend date of this dividend was Thursday, November 14th. Invesco’s payout ratio is -89.13%.

Institutional Trading of Invesco

Hedge funds have recently added to or reduced their stakes in the company. Avior Wealth Management LLC grew its holdings in Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after buying an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco in the third quarter valued at about $35,000. Allworth Financial LP increased its position in Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,806 shares during the period. Truvestments Capital LLC acquired a new stake in Invesco in the 3rd quarter worth about $76,000. Finally, True Wealth Design LLC bought a new stake in Invesco in the 3rd quarter valued at about $77,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Company Profile

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.