Invesco (NYSE:IVZ) Given New $19.00 Price Target at Deutsche Bank Aktiengesellschaft

Invesco (NYSE:IVZ) had its price objective lifted by Deutsche Bank Aktiengesellschaft from $18.00 to $19.00 in a report released on Monday morning,Benzinga reports. They currently have a hold rating on the asset manager’s stock.

A number of other brokerages have also recently issued reports on IVZ. Morgan Stanley boosted their price objective on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Royal Bank of Canada upped their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. UBS Group raised their price objective on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. One 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.com, the company presently has an average rating of “Hold” and an average target price of $18.63.

Invesco Trading Up 1.7 %

Shares of IVZ stock opened at $17.74 on Monday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The firm has a market cap of $7.97 billion, a P/E ratio of -19.28, a PEG ratio of 1.02 and a beta of 1.44. The company has a 50 day moving average of $17.45 and a 200-day moving average of $16.37. Invesco has a 12-month low of $13.53 and a 12-month high of $18.94.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The business’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same period last year, the business posted $0.35 earnings per share. Sell-side analysts anticipate that Invesco will post 1.69 earnings per share for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Thursday, November 14th. Invesco’s payout ratio is -89.13%.

Institutional Trading of Invesco

A number of hedge funds have recently made changes to their positions in IVZ. Avior Wealth Management LLC lifted its stake in Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after purchasing an additional 1,285 shares during the last quarter. Family Firm Inc. bought a new stake in Invesco in the 2nd quarter worth approximately $28,000. Sentry Investment Management LLC purchased a new stake in Invesco in the second quarter worth approximately $30,000. Allworth Financial LP grew its position in Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 1,806 shares during the last quarter. Finally, Abich Financial Wealth Management LLC raised its stake in shares of Invesco by 50.0% during the first quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock worth $60,000 after acquiring an additional 1,210 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

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.