Invesco Ltd. (NYSE:IVZ) Receives $23.41 Consensus Target Price from Analysts

Invesco Ltd. (NYSE:IVZ) has been given a consensus recommendation of “Hold” by the seventeen ratings firms that are covering the stock, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $23.70.

A number of equities analysts recently commented on the stock. TD Cowen upgraded shares of Invesco from a “hold” rating to a “buy” rating and lifted their target price for the stock from $17.50 to $25.00 in a research report on Monday, July 21st. The Goldman Sachs Group raised their price objective on Invesco from $25.50 to $26.50 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Morgan Stanley reissued a “positive” rating on shares of Invesco in a research note on Monday, October 6th. Fundamental Research set a $27.00 target price on Invesco in a report on Friday, October 31st. Finally, Citigroup raised their price target on Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, September 29th.

Invesco Stock Performance

NYSE:IVZ opened at $24.65 on Monday. The company has a market capitalization of $10.99 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 0.85 and a beta of 1.72. The business has a 50 day moving average of $23.05 and a 200 day moving average of $19.39. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.30 and a quick ratio of 1.30. Invesco has a 1-year low of $11.60 and a 1-year high of $24.75.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, topping the consensus estimate of $0.44 by $0.17. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Invesco had a net margin of 14.15% and a return on equity of 8.52%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. On average, sell-side analysts predict that Invesco will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th will be issued a $0.21 dividend. The ex-dividend date is Friday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Invesco’s dividend payout ratio (DPR) is currently 57.14%.

Insiders Place Their Bets

In other Invesco news, Director Douglas J. Sharp sold 160,000 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the completion of the sale, the director owned 192 shares of the company’s stock, valued at $4,523.52. This represents a 99.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephanie Butcher sold 103,192 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the completion of the sale, the director directly owned 29,855 shares in the company, valued at approximately $660,392.60. This trade represents a 77.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.21% of the company’s stock.

Institutional Trading of Invesco

Several large investors have recently modified their holdings of IVZ. Wealthfront Advisers LLC grew its holdings in shares of Invesco by 0.6% during the third quarter. Wealthfront Advisers LLC now owns 85,723 shares of the asset manager’s stock valued at $1,966,000 after buying an additional 474 shares during the last quarter. CI Investments Inc. raised its stake in Invesco by 21.5% in the 3rd quarter. CI Investments Inc. now owns 2,780 shares of the asset manager’s stock worth $64,000 after acquiring an additional 491 shares during the last quarter. US Bancorp DE lifted its position in Invesco by 4.1% during the 3rd quarter. US Bancorp DE now owns 12,879 shares of the asset manager’s stock worth $295,000 after acquiring an additional 510 shares during the period. EverSource Wealth Advisors LLC lifted its position in Invesco by 4.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 13,582 shares of the asset manager’s stock worth $312,000 after acquiring an additional 636 shares during the period. Finally, MAI Capital Management grew its stake in Invesco by 3.9% during the 3rd quarter. MAI Capital Management now owns 17,985 shares of the asset manager’s stock valued at $413,000 after purchasing an additional 677 shares during the last quarter. 66.09% of the stock is 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.