Invesco Ltd. (NYSE:IVZ) Given Average Rating of “Hold” by Brokerages

Invesco Ltd. (NYSE:IVZ) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $18.38.

Several analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. UBS Group increased their target price on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their price target on Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, Morgan Stanley boosted their target price on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th.

Invesco Stock Down 0.7 %

IVZ opened at $17.81 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.80 and a current ratio of 5.80. The company has a market cap of $8.02 billion, a price-to-earnings ratio of -19.36, a PEG ratio of 1.04 and a beta of 1.44. Invesco has a one year low of $12.68 and a one year high of $18.79. The business’s fifty day moving average is $17.22 and its two-hundred day moving average is $16.15.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.01%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the firm earned $0.35 EPS. The business’s revenue for the quarter was down 20.8% compared to the same quarter last year. Analysts anticipate that Invesco will post 1.67 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s payout ratio is currently -89.13%.

Institutional Investors Weigh In On Invesco

Large investors have recently made changes to their positions in the business. Family Firm Inc. purchased a new stake in shares of Invesco during the 2nd quarter valued at about $28,000. Sentry Investment Management LLC acquired a new stake in Invesco in the second quarter valued at approximately $30,000. Allworth Financial LP raised its stake in shares of Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,806 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Invesco during the first quarter worth $52,000. Finally, Abich Financial Wealth Management LLC boosted its stake in shares of Invesco by 50.0% in the first quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock valued at $60,000 after purchasing an additional 1,210 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

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.