Invesco (NYSE:IVZ) Downgraded by StockNews.com

StockNews.com lowered shares of Invesco (NYSE:IVZ) from a hold rating to a sell rating in a report issued on Friday.

Several other analysts have also recently commented on IVZ. Morgan Stanley lifted their price objective on shares of Invesco from $16.00 to $17.00 and gave the company an equal weight rating in a research note on Wednesday, April 17th. TheStreet lowered shares of Invesco from a b- rating to a c rating in a report on Friday, February 23rd. Wells Fargo & Company reduced their price objective on Invesco from $20.00 to $19.00 and set an overweight rating for the company in a research note on Wednesday, January 24th. BMO Capital Markets restated a market perform rating and issued a $17.00 target price (down previously from $18.00) on shares of Invesco in a research note on Wednesday, April 24th. Finally, The Goldman Sachs Group dropped their target price on Invesco from $17.75 to $16.75 and set a neutral rating on the stock in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $16.79.

Invesco Stock Performance

Shares of IVZ traded up $0.05 during trading hours on Friday, reaching $14.89. 2,752,104 shares of the company traded hands, compared to its average volume of 4,735,642. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.77. The business has a fifty day moving average price of $15.58 and a 200-day moving average price of $15.51. Invesco has a 12-month low of $12.48 and a 12-month high of $18.71. The stock has a market capitalization of $6.69 billion, a P/E ratio of -19.79, a P/E/G ratio of 1.12 and a beta of 1.45.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts anticipate that Invesco will post 1.65 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 5.51%. This is an increase from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, May 13th. Invesco’s dividend payout ratio (DPR) is presently -106.67%.

Institutional Trading of Invesco

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Invesco by 23.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,798,051 shares of the asset manager’s stock worth $246,163,000 after buying an additional 2,592,039 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Invesco by 30.7% in the third quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock worth $86,306,000 after acquiring an additional 1,395,023 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Invesco by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,034,956 shares of the asset manager’s stock worth $71,984,000 after purchasing an additional 136,582 shares in the last quarter. Fisher Asset Management LLC raised its stake in Invesco by 11.1% in the 4th quarter. Fisher Asset Management LLC now owns 3,921,250 shares of the asset manager’s stock valued at $69,955,000 after purchasing an additional 391,935 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Invesco by 1,411.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock valued at $67,016,000 after purchasing an additional 3,507,900 shares in the last quarter. Hedge funds and other institutional investors 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.