Invesco (NYSE:IVZ) Price Target Lowered to $19.00 at TD Cowen

Invesco (NYSE:IVZ) had its price objective reduced by TD Cowen from $20.00 to $19.00 in a report released on Tuesday morning. They currently have a buy rating on the asset manager’s stock.

A number of other research firms also recently commented on IVZ. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. JPMorgan Chase & Co. cut their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday. Royal Bank of Canada began coverage on Invesco in a report on Tuesday. They set a “sector perform” rating and a $19.00 target price for the company. Evercore ISI increased their target price on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $18.50.

Invesco Stock Up 8.8 %

Shares of NYSE:IVZ opened at $19.32 on Tuesday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of -20.99, a PEG ratio of 1.06 and a beta of 1.43. The stock’s 50-day moving average price is $17.64 and its two-hundred day moving average price is $17.27. Invesco has a 12-month low of $14.16 and a 12-month high of $19.49.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. On average, research analysts forecast that Invesco will post 1.7 EPS for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.25%. Invesco’s payout ratio is currently -89.13%.

Institutional Trading of Invesco

Hedge funds and other institutional investors have recently modified their holdings of the business. Fisher Asset Management LLC grew its stake in Invesco by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after purchasing an additional 87,405 shares in the last quarter. Massachusetts Mutual Life Insurance Co. purchased a new position in shares of Invesco during the 3rd quarter valued at approximately $1,428,196,000. Algert Global LLC acquired a new stake in shares of Invesco during the second quarter worth approximately $551,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Invesco by 1.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after buying an additional 1,020 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Invesco in the third quarter valued at $853,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

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.