Invesco’s (IVZ) Market Perform Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of Invesco (NYSE:IVZ) in a report issued on Wednesday,Benzinga reports. The firm currently has a $20.00 price objective on the asset manager’s stock, up from their previous price objective of $18.00.

Several other research firms have also recently issued reports on IVZ. The Goldman Sachs Group cut their price objective on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, November 11th. TD Cowen dropped their price target on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday. UBS Group lifted their price target 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, Argus lifted their price target on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.71.

Invesco Trading Down 1.8 %

Shares of Invesco stock opened at $18.99 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. Invesco has a 12-month low of $14.16 and a 12-month high of $19.49. The firm’s 50 day simple moving average is $17.67 and its two-hundred day simple moving average is $17.28.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. As a group, analysts expect that Invesco will post 1.7 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a $0.205 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.32%. Invesco’s dividend payout ratio is currently -89.13%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its stake in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after acquiring an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco in the 3rd quarter valued at $35,000. Allworth Financial LP increased its holdings in shares of Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 1,806 shares during the period. Crews Bank & Trust acquired a new position in shares of Invesco in the 4th quarter valued at $44,000. Finally, Truvestments Capital LLC acquired a new position in Invesco in the 3rd quarter valued at $76,000. Hedge funds and other 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.