Invesco Ltd. (NYSE:IVZ) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Invesco Ltd. (NYSE:IVZ) have earned an average rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $33.79.

A number of research firms have issued reports on IVZ. Morgan Stanley boosted their price target on Invesco from $31.00 to $32.00 and gave the company an “equal weight” rating in a research report on Thursday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Invesco in a report on Friday, September 25th. Evercore set a $34.00 price objective on Invesco in a research note on Friday, October 9th. Keefe, Bruyette & Woods assumed coverage on Invesco in a report on Wednesday, September 9th. They set an “outperform” rating and a $39.00 target price for the company. Finally, Zacks Research downgraded shares of Invesco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th.

Invesco Stock Performance

NYSE:IVZ opened at $27.71 on Monday. The company has a market cap of $12.28 billion, a P/E ratio of -40.16, a P/E/G ratio of 0.45 and a beta of 1.69. The firm’s 50 day moving average is $30.54 and its two-hundred day moving average is $28.00. Invesco has a fifty-two week low of $21.82 and a fifty-two week high of $33.66. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.36.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, October 27th. The asset manager reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.02). The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Invesco had a negative net margin of 1.10% and a positive return on equity of 12.65%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. Analysts expect that Invesco will post 2.80 EPS for the current year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Friday, November 13th will be given a dividend of $0.2150 per share. This represents a $0.86 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, November 13th. Invesco’s payout ratio is -124.64%.

Insider Buying and Selling at Invesco

In other news, Director Phoebe Wood sold 3,000 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $32.44, for a total value of $97,320.00. Following the transaction, the director owned 107,111 shares of the company’s stock, valued at approximately $3,474,680.84. This trade represents a 2.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrew Tak Shing Lo sold 100,840 shares of Invesco stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $32.20, for a total transaction of $3,247,048.00. Following the transaction, the director owned 812,477 shares in the company, valued at $26,161,759.40. The trade was a 11.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 222,540 shares of company stock worth $7,227,167 over the last three months. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IVZ. Chicago Partners Investment Group LLC grew its stake in shares of Invesco by 38.8% in the third quarter. Chicago Partners Investment Group LLC now owns 43,601 shares of the asset manager’s stock valued at $1,223,000 after buying an additional 12,187 shares in the last quarter. Richardson Financial Services Inc. boosted its holdings in Invesco by 144.7% in the 3rd quarter. Richardson Financial Services Inc. now owns 930 shares of the asset manager’s stock worth $28,000 after acquiring an additional 550 shares during the period. Ascent Group LLC boosted its holdings in Invesco by 32.5% in the 3rd quarter. Ascent Group LLC now owns 38,384 shares of the asset manager’s stock worth $1,158,000 after acquiring an additional 9,414 shares during the period. Compass Financial Management LLC acquired a new stake in Invesco in the third quarter valued at approximately $118,000. Finally, Rakuten Investment Management Inc. acquired a new stake in Invesco in the third quarter valued at approximately $1,537,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Company Profile

Invesco Ltd. (NYSE: IVZ) is a global investment management company that provides investment products and services to individual investors, financial professionals, institutions and governments. The company manages assets across a range of strategies, including equities, fixed income, multi-asset portfolios, alternatives, money market funds and cash management.

Invesco offers mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment solutions.