Invesco (NYSE:IVZ) Price Target Raised to $20.00

Invesco (NYSE:IVZ) had its price objective upped by Barclays from $18.00 to $20.00 in a research report released on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the asset manager’s stock.

IVZ has been the subject of several other reports. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. JPMorgan Chase & Co. decreased their price objective on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday. TD Cowen dropped their target price on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday. The Goldman Sachs Group cut their target price on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods dropped their price target on Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.71.

Invesco Stock Performance

Shares of NYSE IVZ opened at $18.99 on Wednesday. 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’s 50 day moving average price is $17.67 and its 200-day moving average price is $17.28. Invesco has a 52-week low of $14.16 and a 52-week high of $19.49.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. On average, research analysts forecast that Invesco will post 1.7 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be given a dividend of $0.205 per share. The ex-dividend date is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.32%. Invesco’s payout ratio is currently -89.13%.

Institutional Investors Weigh In On Invesco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IVZ. Public Sector Pension Investment Board boosted its position in shares of Invesco by 12.3% in the second quarter. Public Sector Pension Investment Board now owns 75,751 shares of the asset manager’s stock worth $1,133,000 after purchasing an additional 8,317 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Invesco by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 319,240 shares of the asset manager’s stock valued at $4,776,000 after buying an additional 2,451 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Invesco by 19.3% in the 2nd quarter. Mackenzie Financial Corp now owns 57,647 shares of the asset manager’s stock worth $862,000 after buying an additional 9,336 shares during the period. Algert Global LLC purchased a new stake in Invesco in the 2nd quarter worth $551,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Invesco by 1.4% during 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 during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

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.