Invesco (NYSE:IVZ) Earns Sector Perform Rating from Analysts at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of Invesco (NYSE:IVZ) in a research note issued to investors on Tuesday morning. The firm issued a sector perform rating and a $19.00 price target on the asset manager’s stock.

A number of other equities analysts also recently weighed in on IVZ. Wells Fargo & Company cut their target price on Invesco from $17.50 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. The Goldman Sachs Group cut their price objective on Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. UBS Group raised their target price on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Finally, Evercore ISI raised their price objective on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Invesco currently has an average rating of “Hold” and a consensus price target of $19.71.

Invesco Trading Up 1.3 %

Shares of Invesco stock opened at $19.26 on Tuesday. The company has a market capitalization of $8.65 billion, a P/E ratio of -20.93, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The stock has a fifty day simple moving average of $17.70 and a 200 day simple moving average of $17.30. Invesco has a 12-month low of $14.16 and a 12-month high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. On average, sell-side analysts anticipate that Invesco will post 1.7 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Friday, February 14th. Invesco’s payout ratio is currently 69.49%.

Institutional Trading of Invesco

A number of hedge funds and other institutional investors have recently made changes to their positions in IVZ. Massachusetts Mutual Life Insurance Co. purchased a new position in Invesco during the 3rd quarter valued at about $1,428,196,000. Azora Capital LP purchased a new position in Invesco during the third quarter valued at approximately $27,289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Invesco by 131.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock worth $15,982,000 after acquiring an additional 516,622 shares during the period. Algert Global LLC lifted its stake in Invesco by 1,207.8% in the 3rd quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock worth $8,451,000 after purchasing an additional 444,470 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new position in Invesco in the 3rd quarter valued at $4,889,000. 66.09% of the stock is currently owned by institutional investors.

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.