Invesco (NYSE:IVZ) Earns Equal Weight Rating from Analysts at Barclays

Barclays assumed coverage on shares of Invesco (NYSE:IVZ) in a report released on Tuesday morning, Marketbeat.com reports. The firm issued an equal weight rating and a $18.00 price objective on the asset manager’s stock.

Other analysts have also issued reports about the stock. The Goldman Sachs Group cut their target price on shares of Invesco from $17.50 to $17.00 and set a neutral rating for the company in a research note on Tuesday, July 2nd. Evercore ISI increased their price target on Invesco from $17.00 to $18.00 and gave the company an in-line rating in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Invesco from $16.00 to $17.00 and gave the stock a hold rating in a report on Thursday, August 15th. StockNews.com lowered shares of Invesco from a hold rating to a sell rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada boosted their target price on shares of Invesco from $16.00 to $17.00 and gave the company a sector perform rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Invesco currently has a consensus rating of Hold and an average price target of $17.20.

Invesco Price Performance

NYSE IVZ opened at $16.91 on Tuesday. Invesco has a 12 month low of $12.48 and a 12 month high of $18.28. The firm has a market capitalization of $7.61 billion, a PE ratio of -22.55, a P/E/G ratio of 1.16 and a beta of 1.47. The company’s 50 day simple moving average is $16.11 and its 200 day simple moving average is $15.72. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 6.89.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. As a group, equities research analysts forecast that Invesco will post 1.65 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th will be given a $0.205 dividend. The ex-dividend date is Friday, August 16th. This represents a $0.82 annualized dividend and a yield of 4.85%. Invesco’s dividend payout ratio is -109.33%.

Institutional Investors Weigh In On Invesco

Several institutional investors and hedge funds have recently bought and sold shares of the business. Centennial Wealth Advisory LLC lifted its holdings in Invesco by 3.8% in the second quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock valued at $273,000 after buying an additional 669 shares during the period. Gables Capital Management Inc. lifted its stake in shares of Invesco by 74.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 700 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Invesco by 35.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,945 shares of the asset manager’s stock worth $53,000 after purchasing an additional 766 shares during the last quarter. Wright Investors Service Inc. grew its stake in shares of Invesco by 2.1% during the first quarter. Wright Investors Service Inc. now owns 46,787 shares of the asset manager’s stock worth $776,000 after purchasing an additional 944 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Invesco by 1.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock valued at $1,001,000 after purchasing an additional 946 shares during the last quarter. Institutional investors 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.