Invesco Ltd. (NYSE:IVZ) Given Average Rating of “Hold” by Brokerages

Invesco Ltd. (NYSE:IVZ) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $18.38.

IVZ has been the topic of a number of analyst reports. The Goldman Sachs Group upped their target price on shares of Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Barclays boosted their price target on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company boosted their price target on Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Finally, UBS Group increased 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.

Institutional Investors Weigh In On Invesco

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Invesco by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock worth $270,540,000 after acquiring an additional 3,349,069 shares during the last quarter. Swedbank AB acquired a new position in shares of Invesco during the first quarter valued at $41,475,000. Ossiam increased its stake in shares of Invesco by 2,712.9% in the first quarter. Ossiam now owns 680,157 shares of the asset manager’s stock valued at $11,284,000 after purchasing an additional 655,977 shares during the period. Marshall Wace LLP raised its stake in Invesco by 115.7% during the 2nd quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock valued at $18,269,000 after acquiring an additional 654,960 shares in the last quarter. Finally, M&G Plc bought a new position in Invesco in the 1st quarter valued at about $8,438,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Trading Down 1.7 %

Shares of IVZ stock opened at $17.47 on Thursday. Invesco has a fifty-two week low of $12.68 and a fifty-two week high of $18.79. The company has a market cap of $7.86 billion, a PE ratio of -18.99, a P/E/G ratio of 0.99 and a beta of 1.44. The company has a debt-to-equity ratio of 0.66, a quick ratio of 5.80 and a current ratio of 4.91. The stock’s fifty day moving average price is $17.24 and its two-hundred day moving average price is $16.19.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The firm’s revenue was down 20.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. Equities analysts predict that Invesco will post 1.69 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be issued a dividend of $0.205 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.69%. Invesco’s payout ratio is -89.13%.

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.