Invesco Ltd. (NYSE:IVZ) Receives Consensus Recommendation of “Hold” from Analysts

Invesco Ltd. (NYSE:IVZGet Free Report) has been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $17.46.

Several equities research analysts have weighed in on IVZ shares. Royal Bank of Canada raised their price objective on shares of Invesco from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Thursday, January 18th. Wells Fargo & Company lowered their price objective on shares of Invesco from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday, January 24th. UBS Group lowered their price objective on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, January 29th. TheStreet cut shares of Invesco from a “b-” rating to a “c” rating in a research report on Friday, February 23rd. Finally, StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd.

Get Our Latest Stock Report on Invesco

Invesco Trading Up 0.7 %

Shares of IVZ stock opened at $15.37 on Friday. Invesco has a 12-month low of $12.48 and a 12-month high of $18.71. The company has a market capitalization of $6.90 billion, a P/E ratio of -20.77, a P/E/G ratio of 1.01 and a beta of 1.44. The firm has a 50-day moving average price of $15.77 and a 200 day moving average price of $15.41. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.77.

Invesco (NYSE:IVZGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. Invesco had a negative net margin of 1.70% and a positive return on equity of 7.93%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $0.39 EPS. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. Research analysts forecast that Invesco will post 1.76 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Friday, February 16th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend was Thursday, February 15th. Invesco’s payout ratio is currently -108.11%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IVZ. State Street Corp lifted its stake in Invesco by 58.2% in the third quarter. State Street Corp now owns 25,414,143 shares of the asset manager’s stock valued at $348,174,000 after buying an additional 9,345,810 shares in the last quarter. Trian Fund Management L.P. lifted its stake in Invesco by 18.8% in the first quarter. Trian Fund Management L.P. now owns 54,034,034 shares of the asset manager’s stock valued at $1,404,885,000 after buying an additional 8,560,175 shares in the last quarter. Vanguard Group Inc. lifted its stake in Invesco by 14.0% in the first quarter. Vanguard Group Inc. now owns 52,105,335 shares of the asset manager’s stock valued at $1,201,550,000 after buying an additional 6,384,917 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Invesco by 1,411.1% in the fourth quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock worth $67,016,000 after purchasing an additional 3,507,900 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Invesco in the fourth quarter worth $61,795,000. Institutional investors own 66.09% of the company’s stock.

About Invesco

(Get Free Report

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.

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Analyst Recommendations for Invesco (NYSE:IVZ)

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