Invesco Ltd. (NYSE:IVZ – Get Free Report) 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.
View Our Latest Stock Report on Invesco
Institutional Trading of Invesco
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 – Get Free Report) 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.
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