Invesco Ltd. (NYSE:IVZ) Given Average Recommendation of “Hold” by Analysts

Shares of Invesco Ltd. (NYSE:IVZGet Free Report) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $17.42.

A number of research firms recently weighed in on IVZ. Royal Bank of Canada raised their price target on Invesco from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Friday. The Goldman Sachs Group lifted their price target on Invesco from $17.25 to $17.50 and gave the company a “neutral” rating in a report on Thursday. Wells Fargo & Company increased their price objective on shares of Invesco from $16.00 to $16.50 and gave the stock an “underweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Finally, Barclays initiated coverage on shares of Invesco in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 price target on the stock.

Get Our Latest Analysis on IVZ

Invesco Stock Up 0.1 %

Shares of NYSE:IVZ opened at $17.69 on Friday. The company’s fifty day moving average is $16.77 and its 200-day moving average is $16.02. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80. Invesco has a 52 week low of $12.48 and a 52 week high of $18.28. The company has a market capitalization of $7.96 billion, a PE ratio of -23.59, a P/E/G ratio of 1.10 and a beta of 1.44.

Invesco (NYSE:IVZGet Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. Equities research analysts predict that Invesco will post 1.66 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 16th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.64%. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

Hedge Funds Weigh In On Invesco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IVZ. Centennial Wealth Advisory LLC raised its position in shares of Invesco by 3.8% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock valued at $273,000 after acquiring an additional 669 shares during the period. Wright Investors Service Inc. raised its holdings in Invesco by 2.1% in the first quarter. Wright Investors Service Inc. now owns 46,787 shares of the asset manager’s stock worth $776,000 after purchasing an additional 944 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco by 1.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock worth $1,001,000 after purchasing an additional 946 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Invesco by 6.1% in the 2nd quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock valued at $249,000 after buying an additional 963 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Invesco by 11.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,471 shares of the asset manager’s stock valued at $155,000 after buying an additional 1,010 shares in the last quarter. 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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