Invesco Ltd. (NYSE:IVZ) Given Consensus Recommendation of “Hold” by Analysts

Shares of Invesco Ltd. (NYSE:IVZ) have earned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $19.94.

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $20.00 price objective (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. The Goldman Sachs Group boosted their price objective on shares of Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley lifted their target price on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Finally, Evercore ISI increased their price target on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th.

Hedge Funds Weigh In On Invesco

A number of hedge funds have recently made changes to their positions in the business. Fisher Asset Management LLC boosted 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 purchasing an additional 87,405 shares during the period. Massachusetts Mutual Life Insurance Co. purchased a new stake in shares of Invesco in the third quarter worth about $1,428,196,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Invesco by 1.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock valued at $1,378,000 after buying an additional 1,020 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Invesco during the 3rd quarter worth approximately $853,000. Finally, Pacer Advisors Inc. boosted its holdings in Invesco by 7.8% in the 4th quarter. Pacer Advisors Inc. now owns 36,199 shares of the asset manager’s stock worth $633,000 after acquiring an additional 2,615 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

Shares of NYSE IVZ opened at $18.48 on Friday. 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 company’s 50-day moving average price is $17.85 and its 200 day moving average price is $17.45. Invesco has a 52 week low of $14.16 and a 52 week high of $19.55. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 1.06 and a beta of 1.43.

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

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.44%. Invesco’s dividend payout ratio (DPR) is 69.49%.

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.