Invesco Ltd. Declares Quarterly Dividend of $0.21 (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) declared a quarterly dividend on Tuesday, October 22nd,RTT News reports. Investors of record on Thursday, November 14th will be given a dividend of 0.205 per share by the asset manager on Tuesday, December 3rd. This represents a $0.82 annualized dividend and a yield of 4.48%. The ex-dividend date is Thursday, November 14th.

Invesco has increased its dividend payment by an average of 0.5% annually over the last three years. Invesco has a payout ratio of 43.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Invesco to earn $1.90 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 43.2%.

Invesco Stock Up 1.7 %

Invesco stock opened at $18.29 on Tuesday. Invesco has a fifty-two week low of $12.82 and a fifty-two week high of $18.94. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of -19.88, a price-to-earnings-growth ratio of 1.03 and a beta of 1.44. The stock’s fifty day moving average is $17.37 and its two-hundred day moving average is $16.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was down 20.8% on a year-over-year basis. Analysts predict that Invesco will post 1.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on IVZ. Wells Fargo & Company upped their target price on Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. UBS Group increased their price objective on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Morgan Stanley boosted their target price on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. raised their price target on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.63.

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.