Invesco (NYSE:IVZ) Given New $16.25 Price Target at The Goldman Sachs Group

Invesco (NYSE:IVZ) had its price objective lifted by The Goldman Sachs Group from $16.00 to $16.25 in a report released on Thursday,Benzinga reports. They currently have a neutral rating on the asset manager’s stock.

IVZ has been the topic of a number of other research reports. 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. Morgan Stanley reduced their price target on Invesco from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company reduced their price target on Invesco from $19.50 to $14.50 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Evercore ISI upped their price target on Invesco from $13.00 to $15.00 and gave the company an “in-line” rating in a research report on Wednesday, April 23rd. Finally, TD Cowen lowered Invesco from a “buy” rating to a “hold” rating and reduced their price target for the company from $22.00 to $13.00 in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.38.

Invesco Trading Down 0.8%

Shares of IVZ stock opened at $14.95 on Thursday. The firm has a market capitalization of $6.69 billion, a P/E ratio of 12.67, a P/E/G ratio of 0.98 and a beta of 1.49. Invesco has a twelve month low of $11.60 and a twelve month high of $19.55. 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 stock’s fifty day simple moving average is $14.14 and its 200 day simple moving average is $16.11.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company posted $0.33 EPS. As a group, sell-side analysts predict that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th were paid a dividend of $0.21 per share. This is an increase from Invesco’s previous quarterly dividend of $0.21. This represents a $0.84 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend was Wednesday, May 14th. Invesco’s dividend payout ratio is 67.20%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Invesco by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager’s stock worth $900,127,000 after buying an additional 419,389 shares during the period. Dimensional Fund Advisors LP raised its stake in Invesco by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager’s stock worth $351,430,000 after buying an additional 274,134 shares during the period. AQR Capital Management LLC raised its stake in Invesco by 35.4% during the 1st quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager’s stock worth $165,262,000 after buying an additional 2,882,928 shares during the period. Geode Capital Management LLC raised its stake in Invesco by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager’s stock worth $181,281,000 after buying an additional 134,726 shares during the period. Finally, Northern Trust Corp raised its stake in Invesco by 11.3% during the 1st quarter. Northern Trust Corp now owns 7,083,410 shares of the asset manager’s stock worth $107,455,000 after buying an additional 721,947 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

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.