Invesco (NYSE:IVZ) Price Target Raised to $14.00

Invesco (NYSE:IVZ) had its price objective upped by Barclays from $13.00 to $14.00 in a report published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the asset manager’s stock.

A number of other equities research analysts have also issued reports on IVZ. BMO Capital Markets increased their target price on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. Morgan Stanley decreased their target price on Invesco from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. cut their price target on Invesco from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Bank of America lowered their price objective on Invesco from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group reduced their target price on shares of Invesco from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.25.

Invesco Stock Down 1.0 %

Shares of NYSE IVZ opened at $13.93 on Wednesday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $14.92 and its two-hundred day moving average is $16.85. Invesco has a 52-week low of $11.60 and a 52-week high of $19.55. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same quarter in the prior year, the company earned $0.33 EPS. Research analysts predict that Invesco will post 1.87 EPS for the current year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.21 per share. This is a positive change from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.84 annualized dividend and a yield of 6.03%. Invesco’s payout ratio is 67.20%.

Hedge Funds Weigh In On Invesco

A number of hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in Invesco during the 4th quarter worth $57,459,000. AQR Capital Management LLC raised its holdings in shares of Invesco by 38.5% in the fourth quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager’s stock valued at $142,385,000 after buying an additional 2,264,551 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Invesco by 2,385.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager’s stock worth $29,301,000 after buying an additional 1,642,645 shares during the period. Amundi grew its holdings in shares of Invesco by 124.6% during the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager’s stock worth $45,424,000 after buying an additional 1,472,178 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Invesco by 58.6% in the 4th quarter. Deutsche Bank AG now owns 3,334,598 shares of the asset manager’s stock valued at $58,289,000 after acquiring an additional 1,232,359 shares during the period. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

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.