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

Invesco Ltd. (NYSE:IVZ) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are covering the company, Marketbeat.com reports. One equities research 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 12-month target price among brokers that have updated their coverage on the stock in the last year is $17.08.

Several equities analysts recently commented on IVZ shares. Wells Fargo & Company assumed coverage on Invesco in a research note on Thursday, September 12th. They issued an “underweight” rating and a $16.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their target price on Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Evercore ISI lifted their price objective on Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research note on Tuesday, August 20th. StockNews.com lowered shares of Invesco from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Finally, The Goldman Sachs Group decreased their price target on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd.

Institutional Investors Weigh In On Invesco

A number of hedge funds have recently made changes to their positions in IVZ. Czech National Bank raised its stake in Invesco by 6.9% during the 3rd quarter. Czech National Bank now owns 91,669 shares of the asset manager’s stock valued at $1,610,000 after acquiring an additional 5,950 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in Invesco by 42.9% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,390 shares of the asset manager’s stock worth $96,000 after purchasing an additional 1,919 shares during the period. Sanctuary Advisors LLC bought a new position in Invesco during the 2nd quarter valued at $164,000. Truist Financial Corp lifted its holdings in shares of Invesco by 48.5% in the second quarter. Truist Financial Corp now owns 208,993 shares of the asset manager’s stock valued at $3,127,000 after buying an additional 68,221 shares during the period. Finally, Quarry LP grew its holdings in Invesco by 804.5% during the second quarter. Quarry LP now owns 13,902 shares of the asset manager’s stock worth $208,000 after acquiring an additional 12,365 shares during the period. Institutional investors own 66.09% of the company’s stock.

Invesco Trading Up 1.5 %

NYSE:IVZ opened at $17.74 on Friday. The company has a market capitalization of $7.98 billion, a PE ratio of -23.65, a price-to-earnings-growth ratio of 1.18 and a beta of 1.44. Invesco has a 52-week low of $12.48 and a 52-week high of $18.28. The stock has a fifty day simple moving average of $16.69 and a 200-day simple moving average of $15.95. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. On average, equities research analysts expect that Invesco will post 1.65 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 16th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.82 dividend on an annualized basis and a yield of 4.62%. Invesco’s dividend payout ratio is currently -109.33%.

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.