Invesco Ltd. (NYSE:IVZ) Receives Average Rating of “Hold” from Brokerages

Invesco Ltd. (NYSE:IVZ) has been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $16.81.

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. BMO Capital Markets reiterated a “market perform” rating and set a $17.00 target price (down previously from $18.00) on shares of Invesco in a research report on Wednesday, April 24th. TD Cowen lowered their price target on Invesco from $21.00 to $19.50 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $17.00 price objective (down from $19.00) on shares of Invesco in a report on Wednesday, April 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IVZ. Los Angeles Capital Management LLC bought a new stake in Invesco during the first quarter worth approximately $2,066,000. Norges Bank purchased a new stake in Invesco during the 4th quarter valued at $59,713,000. PNC Financial Services Group Inc. lifted its position in Invesco by 10.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 75,860 shares of the asset manager’s stock worth $1,353,000 after buying an additional 6,994 shares during the last quarter. ARGA Investment Management LP boosted its stake in Invesco by 115.7% during the fourth quarter. ARGA Investment Management LP now owns 107,164 shares of the asset manager’s stock worth $1,912,000 after buying an additional 57,476 shares during the period. Finally, Swiss National Bank bought a new position in Invesco during the fourth quarter valued at $11,830,000. Institutional investors own 66.09% of the company’s stock.

Invesco Trading Up 1.0 %

NYSE:IVZ opened at $15.00 on Friday. Invesco has a one year low of $12.48 and a one year high of $18.71. The business has a fifty day moving average price of $15.18 and a 200-day moving average price of $15.90. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of -20.00, a price-to-earnings-growth ratio of 1.13 and a beta of 1.47. The company has a debt-to-equity ratio of 0.77, a current ratio of 6.89 and a quick ratio of 6.89.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Invesco had a positive return on equity of 7.84% and a negative net margin of 1.74%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. Sell-side analysts forecast that Invesco will post 1.64 EPS for the current year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th were paid a $0.205 dividend. This is a boost from Invesco’s previous quarterly dividend of $0.20. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date was Monday, May 13th. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

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.