Invesco Ltd. (NYSE:IVZ) Given Consensus Recommendation of “Hold” by Brokerages

Invesco Ltd. (NYSE:IVZ) has received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $17.25.

Several equities research analysts have issued reports on IVZ shares. Wells Fargo & Company lowered their target price on shares of Invesco from $19.50 to $14.50 and set an “underweight” rating on the stock in a research note on Tuesday, April 8th. TD Cowen lowered shares of Invesco from a “buy” rating to a “hold” rating and lowered their price target for the stock from $22.00 to $13.00 in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Morgan Stanley decreased their target price on shares of Invesco from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group boosted their target price on Invesco from $15.00 to $15.25 and gave the stock a “neutral” rating in a report on Wednesday, April 23rd.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Invesco by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager’s stock valued at $900,127,000 after purchasing an additional 419,389 shares during the period. Dimensional Fund Advisors LP raised its holdings in Invesco by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager’s stock valued at $351,430,000 after buying an additional 274,134 shares during the period. AQR Capital Management LLC lifted its position in Invesco by 35.4% in the first quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager’s stock valued at $165,262,000 after buying an additional 2,882,928 shares during the last quarter. Geode Capital Management LLC lifted its position in Invesco by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager’s stock valued at $181,281,000 after buying an additional 134,726 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Invesco by 11.3% during the first quarter. Northern Trust Corp now owns 7,083,410 shares of the asset manager’s stock worth $107,455,000 after buying an additional 721,947 shares during the period. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Trading Up 0.8%

IVZ stock opened at $15.44 on Monday. Invesco has a 12-month low of $11.60 and a 12-month high of $19.55. The business’s 50-day moving average is $14.30 and its 200 day moving average is $16.51. 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 stock has a market cap of $6.91 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 0.98 and a beta of 1.47.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $0.33 earnings per share. On average, sell-side analysts anticipate that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, May 14th. This is a boost from Invesco’s previous quarterly dividend of $0.21. This represents a $0.84 dividend on an annualized basis and a yield of 5.44%. Invesco’s dividend payout ratio is currently 67.20%.

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.