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

Shares of Invesco Ltd. (NYSE:IVZ) have earned a consensus rating of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $18.88.

Several research firms have commented on IVZ. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their price target on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Royal Bank of Canada lifted their price objective on Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. UBS Group upped their target price on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their price target on shares of Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd.

Institutional Trading of Invesco

Institutional investors and hedge funds have recently made changes to their positions in the company. Massachusetts Mutual Life Insurance Co. purchased a new position in Invesco during the 3rd quarter worth approximately $1,428,196,000. Dimensional Fund Advisors LP grew its position in shares of Invesco by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock worth $270,540,000 after acquiring an additional 3,349,069 shares during the last quarter. Azora Capital LP acquired a new position in shares of Invesco in the 3rd quarter valued at $27,289,000. Marshall Wace LLP raised its position in Invesco by 115.7% in the 2nd quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock valued at $18,269,000 after purchasing an additional 654,960 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Invesco by 131.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock worth $15,982,000 after purchasing an additional 516,622 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Price Performance

IVZ opened at $17.75 on Friday. The stock’s 50-day moving average price is $17.87 and its 200 day moving average price is $16.86. Invesco has a 12-month low of $14.16 and a 12-month high of $18.94. The firm has a market cap of $7.98 billion, a price-to-earnings ratio of -19.29, a PEG ratio of 1.06 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS 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 business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was down 20.8% compared to the same quarter last year. As a group, sell-side analysts expect that Invesco will post 1.69 earnings per share for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Thursday, November 14th. Invesco’s payout ratio is -89.13%.

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.