Invesco Ltd. (NYSE:IVZ) Receives $19.94 Consensus Price Target from Brokerages

Invesco Ltd. (NYSE:IVZ) has been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $19.66.

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Royal Bank of Canada began coverage on shares of Invesco in a research note on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. BMO Capital Markets increased their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. Finally, UBS Group lifted their target price on Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd.

Institutional Trading of Invesco

A number of institutional investors have recently bought and sold shares of IVZ. Cacti Asset Management LLC raised its stake in shares of Invesco by 2.1% in the first quarter. Cacti Asset Management LLC now owns 333,017 shares of the asset manager’s stock valued at $5,059,000 after acquiring an additional 6,736 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Invesco by 70.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 140,964 shares of the asset manager’s stock worth $2,464,000 after purchasing an additional 58,361 shares during the period. NorthCrest Asset Manangement LLC lifted its stake in Invesco by 10.4% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 30,868 shares of the asset manager’s stock worth $540,000 after purchasing an additional 2,920 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Invesco during the fourth quarter valued at approximately $3,297,000. Finally, LifeWealth Investments LLC bought a new position in shares of Invesco during the fourth quarter valued at approximately $215,000. 66.09% of the stock is currently owned by institutional investors.

Invesco Trading Up 0.1 %

Shares of Invesco stock opened at $15.19 on Friday. Invesco has a fifty-two week low of $14.16 and a fifty-two week high of $19.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The company has a market capitalization of $6.80 billion, a P/E ratio of 12.87, a P/E/G ratio of 0.98 and a beta of 1.43. The company has a fifty day moving average of $17.05 and a 200 day moving average of $17.42.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. On average, sell-side analysts anticipate that Invesco will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio is currently 69.49%.

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.