Invesco Ltd. (NYSE:IVZ) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Invesco Ltd. (NYSE:IVZ) have been given a consensus rating of “Hold” by the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $27.86.

Several research analysts have issued reports on the company. Evercore ISI restated a “sell” rating and set a $30.00 target price on shares of Invesco in a research report on Friday, June 4th. Morgan Stanley decreased their price target on shares of Invesco from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 28th. Zacks Investment Research downgraded shares of Invesco from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a research note on Thursday, July 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Invesco from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, July 12th. They noted that the move was a valuation call. Finally, raised shares of Invesco from a “neutral” rating to a “buy” rating and lifted their price target for the company from $29.00 to $34.00 in a research note on Monday, July 12th.

Shares of NYSE:IVZ traded down $0.02 during trading hours on Tuesday, hitting $24.95. 4,384,382 shares of the company’s stock traded hands, compared to its average volume of 4,283,108. Invesco has a 1 year low of $9.93 and a 1 year high of $29.71. The business has a fifty day moving average price of $24.97 and a 200-day moving average price of $26.00. The firm has a market capitalization of $11.51 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 1.36 and a beta of 1.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.71 and a quick ratio of 2.71.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, July 27th. The asset manager reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.08. Invesco had a return on equity of 13.73% and a net margin of 19.60%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, equities analysts predict that Invesco will post 3.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Friday, August 13th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Thursday, August 12th. Invesco’s payout ratio is 35.23%.

In other Invesco news, Director Andrew Tak Shing Lo sold 150,000 shares of the company’s stock in a transaction on Monday, September 13th. The shares were sold at an average price of $24.91, for a total value of $3,736,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.87% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the business. Elo Mutual Pension Insurance Co raised its position in shares of Invesco by 1.5% in the first quarter. Elo Mutual Pension Insurance Co now owns 28,167 shares of the asset manager’s stock worth $710,000 after acquiring an additional 419 shares during the period. Eaton Vance Management raised its position in shares of Invesco by 1.5% in the first quarter. Eaton Vance Management now owns 34,976 shares of the asset manager’s stock worth $882,000 after acquiring an additional 504 shares during the period. Commerce Bank raised its position in shares of Invesco by 4.3% in the first quarter. Commerce Bank now owns 12,633 shares of the asset manager’s stock worth $319,000 after acquiring an additional 516 shares during the period. Norinchukin Bank The raised its position in shares of Invesco by 4.6% in the first quarter. Norinchukin Bank The now owns 11,630 shares of the asset manager’s stock worth $293,000 after acquiring an additional 516 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in shares of Invesco by 1.1% in the second quarter. CIBC Private Wealth Group LLC now owns 50,516 shares of the asset manager’s stock worth $1,350,000 after acquiring an additional 557 shares during the period. Institutional investors and hedge funds own 61.85% of the company’s stock.

About Invesco

Invesco Ltd. engages in the investment management business. Its product includes mutual funds, unit trusts, exchange-traded funds, closed-end funds, and retirement plans. The company was founded in December 1935 and is headquartered in Atlanta, GA.

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Analyst Recommendations for Invesco (NYSE:IVZ)

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