Invesco Ltd. (NYSE:IVZ) Receives $17.25 Average PT from Analysts

Invesco Ltd. (NYSE:IVZ) has been assigned an average rating of “Hold” from the fifteen ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $17.25.

Several research analysts recently commented on the stock. Wells Fargo & Company decreased their target price on shares of Invesco from $19.50 to $14.50 and set an “underweight” rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Morgan Stanley dropped their target price on shares of Invesco from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Evercore ISI increased their price objective on Invesco from $13.00 to $15.00 and gave the stock an “in-line” rating in a report on Wednesday, April 23rd. Finally, Citigroup reduced their target price on Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st.

Invesco Stock Performance

NYSE IVZ opened at $14.38 on Monday. The company has a 50-day simple moving average of $14.25 and a two-hundred day simple moving average of $16.42. Invesco has a 12-month low of $11.60 and a 12-month high of $19.55. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 0.98 and a beta of 1.47. 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 (NYSE:IVZ) last issued its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business posted $0.33 EPS. On average, equities analysts forecast that Invesco will post 1.87 EPS for the current year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.84%. This is a positive change from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. Invesco’s dividend payout ratio (DPR) is presently 67.20%.

Institutional Trading of Invesco

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. boosted its holdings in Invesco by 186.6% in the first quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager’s stock worth $30,000 after acquiring an additional 1,282 shares in the last quarter. SVB Wealth LLC bought a new position in Invesco in the 1st quarter worth about $32,000. Colonial Trust Co SC bought a new position in Invesco in the 4th quarter worth about $38,000. Aster Capital Management DIFC Ltd grew its position in Invesco by 180.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,531 shares during the last quarter. Finally, Crews Bank & Trust bought a new stake in Invesco during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

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.