Analysts Set Invesco Ltd. (NYSE:IVZ) Target Price at $16.81

Invesco Ltd. (NYSE:IVZ) 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.

Institutional Investors Weigh In On Invesco

A number of institutional investors have recently modified their holdings of IVZ. Family Firm Inc. bought a new position in Invesco during the second quarter worth about $28,000. Gables Capital Management Inc. increased its holdings in shares of 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 purchasing an additional 700 shares during the period. Pinnacle Bancorp Inc. raised its position in shares of Invesco by 100.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock valued at $36,000 after buying an additional 1,000 shares in the last quarter. Quarry LP bought a new stake in shares of Invesco in the fourth quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC grew its position in Invesco by 182.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,462 shares of the asset manager’s stock worth $44,000 after buying an additional 1,589 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

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) 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.