Invesco Ltd. (NYSE:IVZ) Receives Average Rating of “Hold” from Analysts

Shares of Invesco Ltd. (NYSE:IVZ) have been given an average recommendation of “Hold” by the twelve analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.63.

IVZ has been the subject of several research reports. 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 note on Monday, October 21st. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. UBS Group boosted their price objective on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their target price on Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Finally, Barclays lifted their price target on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd.

Invesco Price Performance

Shares of Invesco stock opened at $18.10 on Monday. The stock has a market capitalization of $8.13 billion, a P/E ratio of -19.67, a PEG ratio of 1.04 and a beta of 1.44. The business has a 50 day simple moving average of $17.75 and a two-hundred day simple moving average of $16.57. Invesco has a 12 month low of $14.14 and a 12 month high of $18.94. 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 posted its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company earned $0.35 EPS. The firm’s revenue was down 20.8% compared to the same quarter last year. As a group, analysts predict that Invesco will post 1.69 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.53%. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Invesco by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager’s stock valued at $24,843,000 after buying an additional 58,332 shares during the period. Russell Investments Group Ltd. grew its position in Invesco by 152.4% in the 1st quarter. Russell Investments Group Ltd. now owns 54,637 shares of the asset manager’s stock valued at $906,000 after acquiring an additional 32,989 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Invesco by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after purchasing an additional 87,405 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Invesco by 115.7% in the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock valued at $18,269,000 after purchasing an additional 654,960 shares during the period. Finally, Seven Eight Capital LP acquired a new position in shares of Invesco in the second quarter valued at approximately $576,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

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.