Invesco Ltd. (NYSE:IVZ) Receives Consensus Rating of “Hold” from Brokerages

Invesco Ltd. (NYSE:IVZ) has been given an average recommendation of “Hold” by the eleven analysts that are currently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $16.79.

A number of research firms have recently commented on IVZ. The Goldman Sachs Group dropped their price objective on Invesco from $17.75 to $16.75 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Morgan Stanley lifted their price target on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. TD Cowen decreased their price objective on shares of Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a research note on Wednesday, April 24th. UBS Group cut their target price on Invesco from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, January 29th. Finally, StockNews.com downgraded Invesco from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd.

Invesco Price Performance

IVZ stock opened at $15.00 on Thursday. The business has a fifty day moving average of $15.56 and a two-hundred day moving average of $15.53. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.77. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of -20.00, a price-to-earnings-growth ratio of 1.12 and a beta of 1.45. Invesco has a 52-week low of $12.48 and a 52-week high of $18.71.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Invesco had a positive return on equity of 7.84% and a negative net margin of 1.74%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. As a group, research analysts anticipate that Invesco will post 1.65 earnings per share for the current year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Monday, May 13th. This is a boost from Invesco’s previous quarterly dividend of $0.20. Invesco’s dividend payout ratio is -106.67%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IVZ. Dimensional Fund Advisors LP grew its stake in shares of Invesco by 23.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,798,051 shares of the asset manager’s stock valued at $246,163,000 after acquiring an additional 2,592,039 shares in the last quarter. Northern Trust Corp boosted its position in shares of Invesco by 30.7% during the third quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock worth $86,306,000 after buying an additional 1,395,023 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Invesco by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,034,956 shares of the asset manager’s stock worth $71,984,000 after purchasing an additional 136,582 shares during the period. Fisher Asset Management LLC lifted its position in Invesco by 11.1% in the fourth quarter. Fisher Asset Management LLC now owns 3,921,250 shares of the asset manager’s stock worth $69,955,000 after purchasing an additional 391,935 shares during the period. Finally, Point72 Asset Management L.P. lifted its position in Invesco by 1,411.1% in the fourth quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock worth $67,016,000 after purchasing an additional 3,507,900 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

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.