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 seventeen ratings firms that are presently covering the firm, Marketbeat.com reports. Eleven analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $23.6333.

Several research firms have weighed in on IVZ. Weiss Ratings restated a “hold (c+)” rating on shares of Invesco in a report on Monday. BMO Capital Markets reissued an “outperform” rating on shares of Invesco in a research note on Friday, October 24th. The Goldman Sachs Group reduced their target price on Invesco from $26.50 to $25.50 and set a “neutral” rating for the company in a report on Tuesday, November 25th. Barclays increased their price target on Invesco from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Finally, Evercore ISI lifted their price target on shares of Invesco from $24.00 to $26.00 and gave the company an “in-line” rating in a research report on Thursday, October 9th.

Invesco Price Performance

NYSE IVZ opened at $25.20 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $11.21 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 0.63 and a beta of 1.66. Invesco has a 12-month low of $11.60 and a 12-month high of $25.70. The company has a 50 day moving average price of $23.55 and a two-hundred day moving average price of $20.38.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, October 28th. The asset manager reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.17. Invesco had a net margin of 14.15% and a return on equity of 9.11%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm earned $0.44 EPS. Invesco’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts predict that Invesco will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Friday, November 14th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, November 14th. Invesco’s dividend payout ratio (DPR) is 57.14%.

Insider Transactions at Invesco

In related news, Director Douglas J. Sharp sold 160,000 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the completion of the transaction, the director owned 192 shares of the company’s stock, valued at approximately $4,523.52. The trade was a 99.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephanie Butcher sold 103,192 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $22.12, for a total value of $2,282,607.04. Following the sale, the director owned 29,855 shares of the company’s stock, valued at approximately $660,392.60. The trade was a 77.56% decrease in their position. The SEC filing for this sale provides additional information. 1.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IVZ. Vanguard Group Inc. grew its stake in shares of Invesco by 1.2% in the third quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager’s stock worth $1,193,294,000 after acquiring an additional 593,140 shares during the last quarter. State Street Corp boosted its holdings in Invesco by 1.5% in the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock valued at $351,051,000 after purchasing an additional 332,340 shares during the period. Dimensional Fund Advisors LP grew its position in Invesco by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock worth $489,325,000 after purchasing an additional 319,104 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Invesco by 5.3% during the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock worth $182,491,000 after purchasing an additional 584,035 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Invesco by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 11,107,421 shares of the asset manager’s stock worth $174,816,000 after purchasing an additional 88,094 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

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.