Invesco (NYSE:IVZ) Price Target Lowered to $13.00 at Barclays

Invesco (NYSE:IVZ) had its price objective lowered by Barclays from $20.00 to $13.00 in a research report released on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the asset manager’s stock.

Several other analysts have also issued reports on IVZ. The Goldman Sachs Group dropped their target price on Invesco from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday. JPMorgan Chase & Co. cut their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Evercore ISI lowered their target price on shares of Invesco from $18.00 to $13.00 and set an “in-line” rating on the stock in a report on Friday, April 11th. TD Cowen lowered shares of Invesco from a “buy” rating to a “hold” rating and dropped their price target for the stock from $22.00 to $13.00 in a research report on Wednesday, April 9th. Finally, BMO Capital Markets lifted their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Invesco currently has a consensus rating of “Hold” and an average price target of $17.30.

Invesco Trading Down 3.2 %

NYSE:IVZ opened at $12.66 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 twelve month low of $11.60 and a twelve month high of $19.55. The company has a market cap of $5.67 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. The business has a 50 day moving average price of $15.65 and a two-hundred day moving average price of $17.06.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS 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%. As a group, analysts expect that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a dividend of $0.205 per share. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 6.48%. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

Institutional Trading of Invesco

A number of institutional investors have recently modified their holdings of IVZ. Wilmington Savings Fund Society FSB acquired a new position in Invesco in the third quarter valued at about $35,000. Colonial Trust Co SC bought a new position in Invesco in the 4th quarter valued at about $38,000. Aster Capital Management DIFC Ltd raised its position in shares of Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock valued at $42,000 after buying an additional 1,531 shares in the last quarter. Crews Bank & Trust bought a new stake in shares of Invesco during the 4th quarter worth approximately $44,000. Finally, Versant Capital Management Inc boosted its position in shares of Invesco by 264.1% during the 1st quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager’s stock worth $47,000 after acquiring an additional 2,234 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

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.