TD Cowen Downgrades Invesco (NYSE:IVZ) to Hold

TD Cowen lowered shares of Invesco (NYSE:IVZ) from a buy rating to a hold rating in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has $13.00 price objective on the asset manager’s stock, down from their prior price objective of $22.00.

IVZ has been the subject of several other reports. Barclays upped their price objective on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Citigroup reduced their price target on Invesco from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, March 31st. BMO Capital Markets lifted 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. JPMorgan Chase & Co. reduced their target price on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, UBS Group lifted their price target on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Invesco has a consensus rating of “Hold” and an average price target of $18.10.

Invesco Stock Performance

Shares of IVZ opened at $12.76 on Wednesday. The firm’s 50 day moving average price is $16.01 and its two-hundred day moving average price is $17.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. Invesco has a twelve month low of $11.60 and a twelve month high of $19.55. The firm has a market cap of $5.71 billion, a P/E ratio of 10.81, a PEG ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. On average, analysts forecast that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a $0.205 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.43%. Invesco’s payout ratio is 69.49%.

Hedge Funds Weigh In On Invesco

A number of hedge funds and other institutional investors have recently bought and sold shares of IVZ. Wilmington Savings Fund Society FSB bought a new stake in Invesco in the third quarter valued at approximately $35,000. Colonial Trust Co SC acquired a new position in shares of Invesco during the 4th quarter worth approximately $38,000. Aster Capital Management DIFC Ltd raised its stake in Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 1,531 shares during the period. Crews Bank & Trust acquired a new stake in Invesco during the 4th quarter valued at $44,000. Finally, Versant Capital Management Inc lifted its holdings in Invesco by 264.1% during the 1st quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 2,234 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.

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.