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

Shares of Invesco Ltd. (NYSE:IVZ) have earned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $18.63.

IVZ has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday, November 11th. The Goldman Sachs Group lifted their price target on Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Barclays increased their price target on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th.

Invesco Trading Up 0.3 %

IVZ opened at $18.10 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of -19.67, a PEG ratio of 1.04 and a beta of 1.44. The business has a fifty day moving average price of $17.75 and a 200 day moving average price of $16.57. Invesco has a 12 month low of $14.14 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 for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was down 20.8% compared to the same quarter last year. Sell-side analysts expect that Invesco will post 1.69 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s dividend payout ratio is presently -89.13%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC lifted its holdings in shares of 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 period. Family Firm Inc. acquired a new stake in shares of Invesco in the 2nd quarter worth $28,000. Sentry Investment Management LLC purchased a new stake in shares of Invesco in the second quarter valued at about $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco in the third quarter valued at about $35,000. Finally, Allworth Financial LP increased its stake in shares of Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,806 shares during the period. Institutional investors and hedge funds 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.