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

Invesco Ltd. (NYSE:IVZ) has been given a consensus rating of “Hold” by the thirteen analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $19.94.

IVZ has been the topic of several recent analyst reports. Argus increased their target price on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Barclays increased their price objective on shares of Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Evercore ISI boosted their target price on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their price target on shares of Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada assumed coverage on shares of Invesco in a research note on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price objective for the company.

Invesco Trading Down 1.4 %

Shares of IVZ stock opened at $18.90 on Friday. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.06 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $17.79 and a 200 day moving average price of $17.40. Invesco has a twelve month low of $14.16 and a twelve month high of $19.55.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Research analysts forecast that Invesco will post 1.85 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Friday, February 14th. Invesco’s dividend payout ratio is presently 69.49%.

Institutional Investors Weigh In On Invesco

Large investors have recently modified their holdings of the stock. Avior Wealth Management LLC lifted its position in Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after acquiring an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco during the third quarter valued at approximately $35,000. Allworth Financial LP lifted its position 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 worth $42,000 after purchasing an additional 1,806 shares in the last quarter. Crews Bank & Trust purchased a new position in shares of Invesco in the fourth quarter valued at $44,000. Finally, Assetmark Inc. boosted its stake in shares of Invesco by 381.5% in the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock valued at $61,000 after purchasing an additional 2,770 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.