Invesco (NYSE:IVZ) Releases Quarterly Earnings Results

Invesco (NYSE:IVZ) released its quarterly earnings results on Tuesday. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01, Briefing.com reports. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The company’s quarterly revenue was down 20.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share.

Invesco Price Performance

IVZ traded up $0.12 on Thursday, hitting $17.62. 2,480,030 shares of the company’s stock were exchanged, compared to its average volume of 4,255,081. Invesco has a fifty-two week low of $12.48 and a fifty-two week high of $18.79. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $17.12 and a 200-day moving average price of $16.10. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of -23.32, a P/E/G ratio of 1.10 and a beta of 1.44.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.65%. Invesco’s dividend payout ratio is currently -109.33%.

Analyst Upgrades and Downgrades

Several analysts have commented on IVZ shares. Barclays increased their price target on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday. Royal Bank of Canada increased their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday. Wells Fargo & Company upped their price objective on shares of Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday. Finally, Morgan Stanley upped their price objective on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. 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 company’s stock. According to data from MarketBeat, Invesco presently has an average rating of “Hold” and a consensus target price of $18.38.

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.