Invesco Ltd. (NYSE:IVZ) Receives Average Recommendation of “Hold” from Analysts

Invesco Ltd. (NYSE:IVZ) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $16.90.

IVZ has been the subject of a number of recent analyst reports. TD Cowen decreased their target price on shares of Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a research report on Wednesday, April 24th. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Royal Bank of Canada upped their target price on Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. BMO Capital Markets reiterated a “market perform” rating and set a $17.00 price target (down from $18.00) on shares of Invesco in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group lowered their target price on Invesco from $17.50 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd.

Institutional Trading of Invesco

Several institutional investors have recently made changes to their positions in the stock. Centennial Wealth Advisory LLC lifted its position in Invesco by 3.8% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock worth $273,000 after buying an additional 669 shares in the last quarter. Gables Capital Management Inc. raised its holdings in shares of Invesco by 74.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock worth $29,000 after acquiring an additional 700 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Invesco by 35.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,945 shares of the asset manager’s stock valued at $53,000 after purchasing an additional 766 shares during the last quarter. Alaska Permanent Fund Corp grew its stake in Invesco by 0.5% in the fourth quarter. Alaska Permanent Fund Corp now owns 145,267 shares of the asset manager’s stock valued at $2,592,000 after purchasing an additional 767 shares in the last quarter. Finally, MCF Advisors LLC grew its stake in Invesco by 16.1% in the fourth quarter. MCF Advisors LLC now owns 6,182 shares of the asset manager’s stock valued at $110,000 after purchasing an additional 855 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Down 2.4 %

IVZ stock opened at $17.00 on Tuesday. The stock has a market cap of $7.65 billion, a PE ratio of -22.67, a price-to-earnings-growth ratio of 1.20 and a beta of 1.47. The firm’s 50-day simple moving average is $15.54 and its 200 day simple moving average is $15.68. Invesco has a fifty-two week low of $12.48 and a fifty-two week high of $18.28. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.48.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. Invesco had a positive return on equity of 7.64% and a negative net margin of 1.73%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm earned $0.31 EPS. The firm’s revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts predict that Invesco will post 1.65 EPS for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th will be issued a $0.205 dividend. The ex-dividend date is Friday, August 16th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.82%. Invesco’s dividend payout ratio is -109.33%.

About Invesco

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.