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

Invesco Ltd. (NYSE:IVZ) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the company, 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 brokerages that have issued ratings on the stock in the last year is $18.63.

A number of research firms have weighed in on IVZ. JPMorgan Chase & Co. upped their price objective on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Royal Bank of Canada lifted their price target on Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their price target on shares of Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group upped their price target on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.

Invesco Stock Down 0.5 %

IVZ opened at $16.78 on Friday. Invesco has a 12 month low of $14.16 and a 12 month high of $18.94. The business has a 50-day moving average of $17.88 and a two-hundred day moving average of $16.80. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of -18.24, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (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 8.83%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm earned $0.35 earnings per share. Invesco’s revenue for the quarter was down 20.8% on a year-over-year basis. On average, research analysts expect that Invesco will post 1.69 earnings per share for the current year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were given a $0.205 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.89%. Invesco’s payout ratio is -89.13%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Massachusetts Mutual Life Insurance Co. acquired a new position in Invesco during the 3rd quarter worth $1,428,196,000. State Street Corp raised its stake in Invesco by 0.7% during the third quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock worth $369,823,000 after acquiring an additional 151,408 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Invesco by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock valued at $270,540,000 after buying an additional 3,349,069 shares in the last quarter. Geode Capital Management LLC increased its holdings in Invesco by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock valued at $179,666,000 after purchasing an additional 93,126 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in Invesco by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after buying an additional 87,405 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

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.