Invesco (NYSE:IVZ) Price Target Cut to $15.00 by Analysts at The Goldman Sachs Group

Invesco (NYSE:IVZ) had its price objective reduced by The Goldman Sachs Group from $17.00 to $15.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a neutral rating on the asset manager’s stock.

A number of other brokerages have also recently commented on IVZ. Wells Fargo & Company reduced their price objective on Invesco from $19.50 to $14.50 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. TD Cowen lowered shares of Invesco from a “buy” rating to a “hold” rating and decreased their price target for the company from $22.00 to $13.00 in a research note on Wednesday, April 9th. Royal Bank of Canada began coverage on shares of Invesco in a report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price objective on the stock. UBS Group boosted their target price on shares of Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $17.97.

Invesco Stock Performance

Shares of IVZ stock opened at $12.97 on Monday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco has a 52 week low of $11.60 and a 52 week high of $19.55. The firm has a 50 day moving average of $15.90 and a 200-day moving average of $17.12. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. On average, equities analysts forecast that Invesco will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 6.32%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio is 69.49%.

Institutional Investors Weigh In On Invesco

Several large investors have recently modified their holdings of the stock. D.A. Davidson & CO. increased its position in Invesco by 1.5% in the fourth quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager’s stock worth $816,000 after buying an additional 677 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in Invesco by 6.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager’s stock worth $195,000 after acquiring an additional 710 shares during the last quarter. True Wealth Design LLC raised its stake in Invesco by 18.3% in the 4th 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 during the period. Arizona State Retirement System lifted its holdings in Invesco by 0.8% during the fourth quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager’s stock valued at $1,712,000 after purchasing an additional 812 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in Invesco by 0.5% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 153,250 shares of the asset manager’s stock worth $2,677,000 after purchasing an additional 835 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

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.