Invesco Ltd. (NYSE:IVZ) Receives Consensus Rating of “Hold” from Brokerages

Shares of Invesco Ltd. (NYSE:IVZ) have received an average recommendation of “Hold” from the thirteen brokerages that are currently covering the company, 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 twelve-month target price among analysts that have issued a report on the stock in the last year is $19.94.

Several equities research analysts have issued reports on the stock. Royal Bank of Canada assumed coverage on shares of Invesco in a research note on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price target on the stock. TD Cowen lowered their price target on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. decreased their price objective on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group lifted their price objective on shares of Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a research report on Wednesday, January 29th.

Institutional Trading of Invesco

Hedge funds and other institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC boosted its holdings in shares of Invesco by 484.9% during 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 during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco during the 3rd quarter worth about $35,000. Colonial Trust Co SC bought a new stake in shares of Invesco during the 4th quarter worth about $38,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of Invesco by 180.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock worth $42,000 after buying an additional 1,531 shares during the period. Finally, Crews Bank & Trust acquired a new stake in Invesco in the 4th quarter worth about $44,000. Institutional investors own 66.09% of the company’s stock.

Invesco Trading Down 4.6 %

Shares of NYSE:IVZ opened at $15.99 on Wednesday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco has a 12 month low of $14.16 and a 12 month high of $19.55. The company’s fifty day simple moving average is $17.77 and its 200 day simple moving average is $17.58. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 0.98 and a beta of 1.43.

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

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend was Friday, February 14th. 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.