Invesco (NYSE:IVZ) Price Target Increased to $19.00 by Analysts at Barclays

Invesco (NYSE:IVZ) had its price target upped by Barclays from $18.00 to $19.00 in a research note published on Wednesday, Benzinga reports. They currently have an equal weight rating on the asset manager’s stock.

IVZ has been the subject of several other research reports. Royal Bank of Canada raised their price objective on shares of Invesco from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. The Goldman Sachs Group raised their price target on shares of Invesco from $17.25 to $17.50 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price objective on shares of Invesco from $16.00 to $16.50 and gave the company an “underweight” rating in a report on Wednesday, October 9th. Morgan Stanley raised their target price on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, Evercore ISI boosted their target price on Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.38.

Invesco Price Performance

IVZ stock opened at $17.49 on Wednesday. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of -23.32, a PEG ratio of 1.10 and a beta of 1.44. The company’s fifty day simple moving average is $17.12 and its 200 day simple moving average is $16.10. Invesco has a 12-month low of $12.48 and a 12-month high of $18.79.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 EPS. On average, analysts expect that Invesco will post 1.66 earnings per share for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be issued a dividend of $0.205 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.69%. Invesco’s dividend payout ratio (DPR) is currently -109.33%.

Hedge Funds Weigh In On Invesco

Hedge funds have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its holdings in shares of Invesco by 10.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 470,626 shares of the asset manager’s stock valued at $7,718,000 after purchasing an additional 44,417 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Invesco by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager’s stock worth $24,843,000 after purchasing an additional 58,332 shares in the last quarter. Bessemer Group Inc. increased its stake in Invesco by 5,321.9% in the 1st quarter. Bessemer Group Inc. now owns 85,341 shares of the asset manager’s stock valued at $1,416,000 after buying an additional 83,767 shares during the last quarter. Greenwood Capital Associates LLC bought a new position in shares of Invesco during the 1st quarter worth approximately $1,061,000. Finally, Duality Advisers LP boosted its stake in shares of Invesco by 323.0% in the 1st quarter. Duality Advisers LP now owns 95,689 shares of the asset manager’s stock worth $1,587,000 after buying an additional 73,065 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

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.