Invesco Ltd. (NYSE:IVZ) Given Average Rating of “Hold” by Brokerages

Shares of Invesco Ltd. (NYSE:IVZ) have been given an average rating of “Hold” by the eleven research firms that are covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $16.79.

Several research firms have recently weighed in on IVZ. The Goldman Sachs Group reduced their price objective on Invesco from $17.75 to $16.75 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. BMO Capital Markets reiterated a “market perform” rating and set a $17.00 target price (down from $18.00) on shares of Invesco in a report on Wednesday, April 24th. JPMorgan Chase & Co. dropped their target price on Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. TD Cowen dropped their target price on Invesco from $21.00 to $19.50 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Finally, Morgan Stanley raised their target price on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th.

Institutional Investors Weigh In On Invesco

A number of institutional investors have recently made changes to their positions in IVZ. Orion Capital Management LLC bought a new stake in shares of Invesco in the 3rd quarter valued at approximately $25,000. Gables Capital Management Inc. increased its holdings 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 acquiring an additional 700 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Invesco in the 3rd quarter valued at approximately $32,000. Pinnacle Bancorp Inc. increased its holdings in shares of Invesco by 100.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Invesco in the 4th quarter valued at approximately $37,000. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Performance

NYSE IVZ opened at $14.85 on Friday. The firm has a market capitalization of $6.68 billion, a P/E ratio of -19.80, a P/E/G ratio of 1.14 and a beta of 1.46. Invesco has a 1-year low of $12.48 and a 1-year high of $18.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 6.89 and a quick ratio of 6.89. The business’s 50-day simple moving average is $15.19 and its 200-day simple moving average is $15.94.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. Equities analysts predict that Invesco will post 1.64 EPS for the current year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.52%. This is an increase from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, May 13th. Invesco’s payout ratio is -109.33%.

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.