Invesco Ltd. (NYSE:IVZ) Receives $19.94 Average Target Price from Analysts

Invesco Ltd. (NYSE:IVZ) has been assigned an average rating of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $19.94.

A number of equities research analysts recently commented on IVZ shares. Morgan Stanley increased their price target on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Wells Fargo & Company increased their target price on Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. BMO Capital Markets raised their target price on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. UBS Group upped their price target on shares of Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, TD Cowen lowered their price objective on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Avior Wealth Management LLC grew its stake in shares of Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after purchasing an additional 1,285 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Invesco during the third quarter worth about $35,000. Colonial Trust Co SC acquired a new position in shares of Invesco during the 4th quarter worth about $38,000. Aster Capital Management DIFC Ltd increased its stake in shares of Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 1,531 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of Invesco in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Up 3.1 %

Shares of NYSE:IVZ opened at $15.28 on Wednesday. The company’s fifty day moving average is $17.57 and its 200-day moving average is $17.53. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. Invesco has a 52 week low of $14.16 and a 52 week high of $19.55. The company has a market capitalization of $6.84 billion, a PE ratio of 12.95, a P/E/G ratio of 0.98 and a beta of 1.43.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating 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%. Equities research analysts predict that Invesco will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio is presently 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.