Analysts Set Invesco Ltd. (NYSE:IVZ) PT at $18.38

Shares of Invesco Ltd. (NYSE:IVZ) have been assigned an average recommendation of “Hold” from the twelve research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $18.38.

A number of research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Evercore ISI increased their price target on shares of Invesco from $18.00 to $19.00 and gave the company an “in-line” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, August 15th. UBS Group increased their target price on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of Invesco by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock valued at $270,540,000 after buying an additional 3,349,069 shares in the last quarter. Swedbank AB purchased a new stake in shares of Invesco during the first quarter valued at approximately $41,475,000. Bank of New York Mellon Corp lifted its position in shares of Invesco by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 2,489,388 shares of the asset manager’s stock worth $37,241,000 after purchasing an additional 30,016 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Invesco by 19.0% in the second quarter. AQR Capital Management LLC now owns 2,364,232 shares of the asset manager’s stock valued at $35,274,000 after purchasing an additional 377,786 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Invesco by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager’s stock valued at $24,843,000 after purchasing an additional 58,332 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Stock Performance

Invesco stock opened at $18.59 on Thursday. The company’s 50-day moving average is $17.27 and its 200 day moving average is $16.23. Invesco has a 1-year low of $12.68 and a 1-year high of $18.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. The firm has a market capitalization of $8.37 billion, a P/E ratio of -20.21, a price-to-earnings-growth ratio of 1.00 and a beta of 1.44.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm earned $0.35 EPS. The company’s revenue for the quarter was down 20.8% compared to the same quarter last year. Research analysts forecast that Invesco will post 1.69 EPS for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s payout ratio is currently -89.13%.

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.