Invesco (NYSE:IVZ) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Invesco (NYSE:IVZ) from a sell rating to a hold rating in a research note published on Friday morning.

A number of other equities research analysts have also recently issued reports on IVZ. Deutsche Bank Aktiengesellschaft boosted their price objective on Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Barclays initiated coverage on shares of Invesco in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 target price on the stock. Evercore ISI boosted their price target on shares of Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, August 20th. Royal Bank of Canada upped their price target on shares of Invesco from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Finally, Wells Fargo & Company lifted their price objective on Invesco from $16.00 to $16.50 and gave the company an “underweight” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.42.

Invesco Stock Performance

Shares of IVZ stock opened at $18.62 on Friday. Invesco has a one year low of $12.48 and a one year high of $18.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 5.80. The firm has a 50-day moving average of $17.03 and a 200-day moving average of $16.07. The company has a market cap of $8.38 billion, a P/E ratio of -24.83, a P/E/G ratio of 1.10 and a beta of 1.44.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 earnings per share. Equities research analysts forecast that Invesco will post 1.66 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend was Friday, August 16th. Invesco’s payout ratio is currently -109.33%.

Hedge Funds Weigh In On Invesco

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Family Firm Inc. bought a new position in shares of Invesco during the 2nd quarter valued at $28,000. Sentry Investment Management LLC bought a new position in shares of Invesco in the 2nd quarter worth approximately $30,000. Fidelis Capital Partners LLC purchased a new stake in Invesco during the first quarter valued at approximately $52,000. Abich Financial Wealth Management LLC boosted its stake in shares of Invesco by 50.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock worth $60,000 after acquiring an additional 1,210 shares during the last quarter. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Invesco during the 2nd quarter valued at $61,000. Institutional investors own 66.09% of the company’s stock.

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.