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

Invesco Ltd. (NYSE:IVZ) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $18.83.

IVZ has been the topic of a number of research reports. The Goldman Sachs Group dropped their price target on Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. increased their price target on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Barclays raised their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada increased their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd.

Institutional Investors Weigh In On Invesco

Institutional investors and hedge funds have recently modified their holdings of the company. Harmony Asset Management LLC grew its holdings in Invesco by 1.0% in the third quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock valued at $1,078,000 after purchasing an additional 600 shares during the last quarter. Centennial Wealth Advisory LLC boosted its position in shares of Invesco by 4.5% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 19,095 shares of the asset manager’s stock worth $335,000 after buying an additional 816 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Invesco by 1.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock valued at $1,001,000 after acquiring an additional 946 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Invesco by 1.3% during the 3rd 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 acquiring an additional 1,020 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Invesco by 9.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager’s stock worth $248,000 after acquiring an additional 1,167 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of Invesco stock opened at $16.44 on Tuesday. The firm has a market cap of $7.39 billion, a PE ratio of -17.87, a price-to-earnings-growth ratio of 1.05 and a beta of 1.43. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco has a 52 week low of $14.16 and a 52 week high of $18.94. The business’s fifty day simple moving average is $17.73 and its 200-day simple moving average is $17.10.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the company posted $0.35 EPS. Invesco’s revenue was down 20.8% compared to the same quarter last year. Equities analysts forecast that Invesco will post 1.7 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were issued a $0.205 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.99%. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

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.