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

Invesco Ltd. (NYSE:IVZ) has been given an average recommendation of “Hold” by the twelve research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $18.88.

Several equities analysts have recently weighed in on IVZ shares. Keefe, Bruyette & Woods reduced their price objective on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, December 20th. Barclays lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Evercore ISI upped their price target on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company boosted their target price on Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd.

Invesco Price Performance

Shares of NYSE:IVZ opened at $17.87 on Friday. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of -19.42, a PEG ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. Invesco has a 12 month low of $14.16 and a 12 month high of $18.94. The stock’s 50 day moving average price is $17.86 and its 200 day moving average price is $16.88.

Invesco (NYSE:IVZ) last posted 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. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s quarterly revenue was down 20.8% compared to the same quarter last year. Equities research analysts anticipate that Invesco will post 1.69 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.59%. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

Institutional Investors Weigh In On Invesco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of Invesco by 0.7% in the third quarter. JPMorgan Chase & Co. now owns 1,097,568 shares of the asset manager’s stock worth $19,273,000 after acquiring an additional 8,097 shares during the last quarter. Principal Financial Group Inc. grew its stake in Invesco by 3.3% in the third quarter. Principal Financial Group Inc. now owns 511,850 shares of the asset manager’s stock valued at $8,988,000 after purchasing an additional 16,473 shares in the last quarter. Franklin Resources Inc. increased its position in Invesco by 136.2% in the 3rd quarter. Franklin Resources Inc. now owns 127,777 shares of the asset manager’s stock worth $2,265,000 after purchasing an additional 73,671 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco during the 3rd quarter worth about $35,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Invesco by 255.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 39,784 shares of the asset manager’s stock valued at $706,000 after buying an additional 28,584 shares during the last quarter. Hedge funds and other institutional investors 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.