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

Shares of Invesco Ltd. (NYSE:IVZ) have been assigned a consensus rating of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat reports. One investment 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 1-year price objective among brokers that have covered the stock in the last year is $18.63.

Several brokerages have commented on IVZ. UBS Group raised their price objective on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. 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. Finally, Evercore ISI upped their price target on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th.

Invesco Trading Up 0.3 %

NYSE:IVZ opened at $17.74 on Monday. The company has a 50-day moving average price of $17.65 and a 200-day moving average price of $16.51. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of -19.28, a P/E/G ratio of 1.02 and a beta of 1.44. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco has a 12 month low of $13.53 and a 12 month high of $18.94.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The business’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 EPS. Equities analysts predict that Invesco will post 1.69 EPS for the current year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s payout ratio is -89.13%.

Institutional Investors Weigh In On Invesco

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in shares of Invesco by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock worth $179,666,000 after acquiring an additional 93,126 shares in the last quarter. Barclays PLC boosted its holdings in shares of Invesco by 1.5% in the 3rd quarter. Barclays PLC now owns 2,364,174 shares of the asset manager’s stock valued at $41,516,000 after buying an additional 35,031 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Invesco by 2.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 142,158 shares of the asset manager’s stock worth $2,496,000 after buying an additional 2,846 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Invesco by 14.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 12,888 shares of the asset manager’s stock worth $226,000 after acquiring an additional 1,665 shares in the last quarter. Finally, MML Investors Services LLC lifted its position in Invesco by 21.7% during the third quarter. MML Investors Services LLC now owns 25,868 shares of the asset manager’s stock valued at $454,000 after acquiring an additional 4,620 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

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.