Invesco (NYSE:IVZ) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Invesco (NYSE:IVZ) from a sell rating to a hold rating in a report released on Wednesday.

Other equities analysts also recently issued research reports about the company. Morgan Stanley raised their target price on Invesco from $16.00 to $17.00 and gave the stock an equal weight rating in a research report on Wednesday, April 17th. TD Cowen cut their target price on Invesco from $21.00 to $19.50 and set a buy rating for the company in a research report on Wednesday, April 24th. JPMorgan Chase & Co. cut their target price on Invesco from $17.00 to $16.50 and set a neutral rating for the company in a research report on Wednesday, April 24th. The Goldman Sachs Group cut their target price on Invesco from $17.50 to $17.00 and set a neutral rating for the company in a research report on Tuesday, July 2nd. Finally, Keefe, Bruyette & Woods restated a market perform rating and set a $17.00 target price (down previously from $19.00) on shares of Invesco in a research report on Wednesday, April 24th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $16.90.

Invesco Trading Up 1.8 %

Shares of NYSE:IVZ opened at $17.42 on Wednesday. Invesco has a 1-year low of $12.48 and a 1-year high of $18.28. The business’s 50 day moving average is $15.52 and its 200-day moving average is $15.70. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.89 and a quick ratio of 6.89.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. Invesco had a positive return on equity of 7.64% and a negative net margin of 1.73%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm earned $0.31 EPS. Invesco’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, sell-side analysts expect that Invesco will post 1.65 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend is Friday, August 16th. Invesco’s dividend payout ratio (DPR) is currently -109.33%.

Hedge Funds Weigh In On Invesco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Family Firm Inc. bought a new position in Invesco during the second quarter worth about $28,000. Gables Capital Management Inc. boosted its holdings in Invesco by 74.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock worth $29,000 after buying an additional 700 shares during the last quarter. Pinnacle Bancorp Inc. boosted its holdings in Invesco by 100.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock worth $36,000 after buying an additional 1,000 shares during the last quarter. Quarry LP bought a new position in Invesco during the fourth quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Invesco by 182.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,462 shares of the asset manager’s stock valued at $44,000 after purchasing an additional 1,589 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

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.