Invesco Ltd. (NYSE:IVZ – Get Free Report) has earned a consensus rating of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $16.90.
Several equities research analysts have recently commented on the company. The Goldman Sachs Group cut their price objective on Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. TD Cowen decreased their price objective on shares of 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. dropped their target price on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley upped their price objective on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th.
Read Our Latest Stock Report on Invesco
Institutional Investors Weigh In On Invesco
Invesco Trading Down 2.4 %
NYSE IVZ opened at $17.00 on Tuesday. Invesco has a 52 week low of $12.48 and a 52 week high of $18.28. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.89 and a current ratio of 6.89. The stock’s 50 day moving average price is $15.54 and its two-hundred day moving average price is $15.68. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of -22.67, a PEG ratio of 1.20 and a beta of 1.47.
Invesco (NYSE:IVZ – Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the company earned $0.31 EPS. Invesco’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, analysts anticipate that Invesco will post 1.65 earnings per share for the current fiscal year.
Invesco Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Friday, August 16th. Invesco’s dividend payout ratio is -109.33%.
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.
Further Reading
- Five stocks we like better than Invesco
- Business Services Stocks Investing
- Survey: Top 175 Fittest Retirement Locations in America
- EV Stocks and How to Profit from Them
- Kimberly-Clark Stock Dips and a Buying Opportunity Emerges
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Leading Gold Stock Shines With Q2 2024 Earnings Release
Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.