Invesco (NYSE:IVZ) Issues Earnings Results, Beats Expectations By $0.01 EPS

Invesco (NYSE:IVZ) issued its earnings results on Tuesday. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01, Zacks reports. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%.

Invesco Stock Up 0.8 %

Shares of NYSE:IVZ opened at $17.77 on Tuesday. Invesco has a twelve month low of $14.16 and a twelve month high of $18.94. The company has a market capitalization of $7.98 billion, a PE ratio of -19.31, a P/E/G ratio of 1.06 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The firm has a 50 day simple moving average of $17.60 and a 200-day simple moving average of $17.25.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.62%. Invesco’s payout ratio is -89.13%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on IVZ shares. Keefe, Bruyette & Woods lowered their price target on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, December 20th. The Goldman Sachs Group reduced their price target on Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their price objective on Invesco from $17.50 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. UBS Group upped their target price on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $19.00 price target on shares of Invesco in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Invesco currently has a consensus rating of “Hold” and an average price target of $18.71.

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.