Q1 2019 EPS Estimates for Invesco Ltd. Reduced by Analyst (NYSE:IVZ)

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Invesco Ltd. (NYSE:IVZ) – Investment analysts at William Blair decreased their Q1 2019 earnings per share estimates for shares of Invesco in a research report issued on Thursday, October 18th, according to Zacks Investment Research. William Blair analyst C. Shutler now forecasts that the asset manager will post earnings per share of $0.62 for the quarter, down from their previous forecast of $0.66. William Blair also issued estimates for Invesco’s Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.69 EPS and Q4 2019 earnings at $0.69 EPS.

IVZ has been the topic of several other reports. Royal Bank of Canada reiterated a “buy” rating and issued a $35.00 price target on shares of Invesco in a research report on Friday, July 27th. Deutsche Bank increased their price target on shares of Invesco from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, September 27th. UBS Group decreased their price target on shares of Invesco from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, October 8th. Zacks Investment Research upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Finally, Morgan Stanley decreased their price target on shares of Invesco from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $30.73.

Invesco stock traded down $0.59 during midday trading on Friday, reaching $20.88. 4,645,642 shares of the company traded hands, compared to its average volume of 7,252,063. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.82. Invesco has a 12 month low of $19.66 and a 12 month high of $38.43. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.92 and a beta of 1.52.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Thursday, October 18th. The asset manager reported $0.66 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.66. The company had revenue of $966.90 million for the quarter, compared to the consensus estimate of $972.49 million. Invesco had a net margin of 21.66% and a return on equity of 12.25%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, November 13th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $1.20 annualized dividend and a dividend yield of 5.75%. Invesco’s payout ratio is 44.44%.

Several hedge funds have recently made changes to their positions in IVZ. Russell Investments Group Ltd. raised its position in shares of Invesco by 3.0% during the 1st quarter. Russell Investments Group Ltd. now owns 176,678 shares of the asset manager’s stock valued at $5,626,000 after purchasing an additional 5,204 shares during the period. Principal Financial Group Inc. raised its position in shares of Invesco by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 635,185 shares of the asset manager’s stock valued at $20,332,000 after purchasing an additional 9,830 shares during the period. Baird Financial Group Inc. bought a new stake in shares of Invesco during the 1st quarter valued at $366,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Invesco by 34.3% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,687 shares of the asset manager’s stock valued at $628,000 after purchasing an additional 5,027 shares during the period. Finally, LPL Financial LLC raised its position in shares of Invesco by 40.6% during the 1st quarter. LPL Financial LLC now owns 69,064 shares of the asset manager’s stock valued at $2,211,000 after purchasing an additional 19,931 shares during the period. Hedge funds and other institutional investors own 79.32% 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.

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