Invesco (NYSE:IVZ) Price Target Cut to $19.00 by Analysts at TD Cowen

Invesco (NYSE:IVZ) had its price objective cut by TD Cowen from $20.00 to $19.00 in a research report released on Tuesday morning. The brokerage currently has a buy rating on the asset manager’s stock.

Several other equities analysts have also commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday. Royal Bank of Canada assumed coverage on shares of Invesco in a research note on Tuesday. They issued a “sector perform” rating and a $19.00 price target on the stock. The Goldman Sachs Group cut their price target on Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Wells Fargo & Company decreased their price objective on Invesco from $17.50 to $17.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Finally, Barclays cut their target price on Invesco from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. One research 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.50.

Invesco Stock Performance

Shares of IVZ stock opened at $19.32 on Tuesday. The company has a market cap of $8.68 billion, a P/E ratio of -20.99, a PEG ratio of 1.06 and a beta of 1.43. The business has a 50 day moving average of $17.64 and a two-hundred day moving average of $17.27. Invesco has a 52 week low of $14.16 and a 52 week high of $19.49. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. As a group, analysts anticipate that Invesco will post 1.7 EPS for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.25%. Invesco’s payout ratio is currently -89.13%.

Institutional Investors Weigh In On Invesco

Institutional investors and hedge funds have recently bought and sold shares of the business. Avior Wealth Management LLC raised its holdings 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 worth $27,000 after purchasing an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Invesco in the third quarter worth approximately $35,000. Allworth Financial LP increased its holdings in shares of Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after buying an additional 1,806 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of Invesco during the 4th quarter valued at $44,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Invesco during the 3rd quarter valued at $76,000. 66.09% of the stock is owned by institutional investors and hedge funds.

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.