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

Shares of Invesco Ltd. (NYSE:IVZ) have been assigned an average rating of “Hold” from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $19.94.

A number of research analysts recently issued reports on IVZ shares. Royal Bank of Canada initiated coverage on Invesco in a report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 target price on the stock. BMO Capital Markets boosted their target price on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. The Goldman Sachs Group raised their target price on shares of Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. TD Cowen dropped their price target on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. decreased their target price on Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th.

Invesco Trading Down 2.3 %

Shares of NYSE:IVZ opened at $15.20 on Friday. The company has a 50 day moving average of $17.14 and a 200-day moving average of $17.42. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a market cap of $6.80 billion, a P/E ratio of 12.88, a P/E/G ratio of 0.98 and a beta of 1.43. Invesco has a twelve month low of $14.16 and a twelve month high of $19.55.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, analysts anticipate that Invesco will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 5.40%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio is currently 69.49%.

Institutional Investors Weigh In On Invesco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harmony Asset Management LLC increased its position in Invesco by 1.0% in the 3rd quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock worth $1,078,000 after purchasing an additional 600 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Invesco by 1.5% in the 4th quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager’s stock valued at $816,000 after buying an additional 677 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in Invesco by 6.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager’s stock worth $195,000 after buying an additional 710 shares during the last quarter. True Wealth Design LLC raised its position in Invesco by 18.3% during the fourth quarter. True Wealth Design LLC now owns 5,183 shares of the asset manager’s stock valued at $91,000 after acquiring an additional 801 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in Invesco by 0.8% in the fourth quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager’s stock valued at $1,712,000 after acquiring an additional 812 shares during 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.