Invesco Ltd. (NYSE:IVZ) Given Consensus Rating of “Hold” by Analysts

Shares of Invesco Ltd. (NYSE:IVZ) have been given a consensus rating of “Hold” by the fifteen brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $17.38.

A number of equities research analysts recently commented on IVZ shares. Bank of America lowered their price target on shares of Invesco from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Barclays upped their price target on Invesco from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on Invesco from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Evercore ISI upped their price objective on shares of Invesco from $13.00 to $15.00 and gave the company an “in-line” rating in a report on Wednesday, April 23rd. Finally, TD Cowen cut shares of Invesco from a “buy” rating to a “hold” rating and lowered their target price for the company from $22.00 to $13.00 in a report on Wednesday, April 9th.

Invesco Trading Down 0.8%

NYSE IVZ opened at $14.95 on Friday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $6.69 billion, a P/E ratio of 12.67, a PEG ratio of 0.98 and a beta of 1.49. The business has a fifty day simple moving average of $14.14 and a 200 day simple moving average of $16.11. Invesco has a 12 month low of $11.60 and a 12 month high of $19.55.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same period in the previous year, the business posted $0.33 EPS. On average, analysts predict that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 5.62%. This is a positive change from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, May 14th. Invesco’s dividend payout ratio (DPR) is presently 67.20%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Invesco by 11.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 15,710 shares of the asset manager’s stock worth $275,000 after buying an additional 1,561 shares during the last quarter. Apollon Wealth Management LLC raised its position in shares of Invesco by 51.7% in the 4th quarter. Apollon Wealth Management LLC now owns 23,444 shares of the asset manager’s stock worth $410,000 after purchasing an additional 7,986 shares during the last quarter. Savant Capital LLC increased its position in shares of Invesco by 4.0% during the fourth quarter. Savant Capital LLC now owns 139,522 shares of the asset manager’s stock valued at $2,439,000 after acquiring an additional 5,323 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Invesco by 1.5% in the fourth quarter. Van ECK Associates Corp now owns 161,758 shares of the asset manager’s stock worth $2,828,000 after purchasing an additional 2,316 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Invesco by 867.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 83,108 shares of the asset manager’s stock valued at $1,469,000 after purchasing an additional 74,518 shares in the last quarter. 66.09% of the stock is 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.