Invesco (NYSE:IVZ) Price Target Raised to $19.00

Invesco (NYSE:IVZ) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $18.00 to $19.00 in a report released on Monday morning,Benzinga reports. The firm currently has a hold rating on the asset manager’s stock.

A number of other research firms also recently commented on IVZ. JPMorgan Chase & Co. upped their price objective on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Evercore ISI upped their price target on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. UBS Group upped their price target on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group upped their price target on shares of Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada upped their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Invesco currently has a consensus rating of “Hold” and an average target price of $18.63.

Invesco Trading Down 0.8 %

IVZ stock opened at $17.65 on Monday. The company has a market cap of $7.93 billion, a price-to-earnings ratio of -19.18, a PEG ratio of 1.02 and a beta of 1.44. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $17.42 and a 200-day simple moving average of $16.36. Invesco has a 52 week low of $13.40 and a 52 week high of $18.94.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The business’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. On average, equities research analysts expect that Invesco will post 1.69 EPS for the current year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.65%. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

Institutional Investors Weigh In On Invesco

Institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC raised its stake in shares of Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of Invesco in the 2nd quarter valued at about $28,000. Sentry Investment Management LLC acquired a new stake in shares of Invesco in the 2nd quarter valued at about $30,000. Allworth Financial LP raised its stake in shares of Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,806 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its stake in shares of Invesco by 50.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock valued at $60,000 after purchasing an additional 1,210 shares in the last quarter. Institutional investors and hedge funds own 66.09% 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.