Invesco (NYSE:IVZ) Earns Market Perform Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of Invesco (NYSE:IVZ) in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has a $20.00 price target on the asset manager’s stock, up from their prior price target of $18.00.

A number of other research analysts also recently commented on the stock. Barclays upped their price objective on shares of Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday. The Goldman Sachs Group dropped their price objective on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. TD Cowen dropped their price objective on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday. Wells Fargo & Company upped their price objective on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research note on Wednesday. Finally, Evercore ISI upped their price objective on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.71.

Invesco Stock Down 1.8 %

NYSE:IVZ opened at $18.99 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The company’s 50-day moving average is $17.67 and its two-hundred day moving average is $17.28. Invesco has a 12-month low of $14.16 and a 12-month high of $19.49.

Invesco (NYSE:IVZ) last released its earnings results 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 negative net margin of 3.00% and a positive return on equity of 8.83%. Research analysts expect that Invesco will post 1.7 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.32%. The ex-dividend date is Friday, February 14th. Invesco’s dividend payout ratio (DPR) is -89.13%.

Institutional Trading of Invesco

Several large investors have recently bought and sold shares of the company. Harmony Asset Management LLC grew its position in Invesco by 1.0% in the third quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock valued at $1,078,000 after acquiring an additional 600 shares in the last quarter. Centennial Wealth Advisory LLC grew its position in Invesco by 4.5% in the third quarter. Centennial Wealth Advisory LLC now owns 19,095 shares of the asset manager’s stock valued at $335,000 after acquiring an additional 816 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Invesco by 1.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock valued at $1,001,000 after acquiring an additional 946 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Invesco by 1.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock valued at $1,378,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Invesco by 9.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager’s stock valued at $248,000 after acquiring an additional 1,167 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

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.