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

Shares of Invesco Ltd. (NYSE:IVZ) have earned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $19.94.

IVZ has been the topic of several analyst reports. Morgan Stanley lifted their target price on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Evercore ISI upped their price objective on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Argus raised their target price on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Barclays boosted their price target on shares of Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Avior Wealth Management LLC boosted its position in shares of Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after buying an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco in the third quarter valued at about $35,000. Allworth Financial LP lifted its holdings in shares of Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,806 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of Invesco in the fourth quarter valued at approximately $44,000. Finally, Assetmark Inc. increased its stake in shares of Invesco by 381.5% during the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after purchasing an additional 2,770 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Stock Down 1.4 %

IVZ stock opened at $18.90 on Friday. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The company has a fifty day moving average price of $17.79 and a 200 day moving average price of $17.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. Invesco has a 12 month low of $14.16 and a 12 month high of $19.55.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. Sell-side analysts expect that Invesco will post 1.85 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.34%. Invesco’s payout ratio is 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.