Invesco Ltd. (NYSE:IVZ) Given Consensus Rating of “Hold” by Analysts

Invesco Ltd. (NYSE:IVZ – Get Rating) has received a consensus rating of “Hold” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $18.10.

IVZ has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their price objective on shares of Invesco from $18.70 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, January 25th. BMO Capital Markets boosted their price objective on shares of Invesco from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Wednesday, January 25th. TheStreet upgraded shares of Invesco from a “c+” rating to a “b-” rating in a report on Friday, November 18th. Morgan Stanley boosted their price objective on shares of Invesco from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday, January 19th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Invesco from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $22.00 to $19.00 in a report on Monday, December 19th.

Invesco Price Performance

IVZ stock opened at $16.41 on Friday. The firm has a 50 day moving average price of $18.52 and a 200-day moving average price of $17.46. Invesco has a 52-week low of $13.20 and a 52-week high of $23.83. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 1.55 and a beta of 1.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 4.44 and a current ratio of 4.44.

Invesco (NYSE:IVZ – Get Rating) last released its earnings results on Tuesday, January 24th. The asset manager reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. Invesco had a net margin of 15.22% and a return on equity of 8.58%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business earned $0.86 earnings per share. The business’s revenue was down .2% on a year-over-year basis. Equities research analysts forecast that Invesco will post 1.6 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 2nd. Shareholders of record on Thursday, February 16th were paid a dividend of $0.188 per share. The ex-dividend date of this dividend was Wednesday, February 15th. This represents a $0.75 dividend on an annualized basis and a yield of 4.58%. Invesco’s dividend payout ratio is presently 50.34%.

Insider Buying and Selling at Invesco

In other news, major shareholder Trian Fund Management, L.P. sold 1,011,084 shares of the business’s stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $18.56, for a total transaction of $18,765,719.04. Following the completion of the sale, the insider now owns 50,947,062 shares of the company’s stock, valued at approximately $945,577,470.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 4,164,939 shares of company stock worth $76,615,951. Insiders own 1.94% of the company’s stock.

Institutional Investors Weigh In On Invesco

Hedge funds have recently modified their holdings of the business. Mather Group LLC. bought a new position in Invesco in the 4th quarter worth $182,000. Great Lakes Retirement Inc. purchased a new stake in Invesco in the 4th quarter worth $585,000. OLD Mission Capital LLC purchased a new stake in Invesco in the 4th quarter worth $26,000. Natixis purchased a new stake in Invesco in the 4th quarter worth $4,452,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Invesco during the 4th quarter valued at about $196,000. Institutional investors own 69.42% of the company’s stock.

Invesco Company Profile

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Invesco Ltd. engages in the investment management business. Its product includes mutual funds, unit trusts, exchange-traded funds, closed-end funds, and retirement plans. The company was founded in December 1935 and is headquartered in Atlanta, GA.