Analysts Set Invesco Ltd. (NYSE:IVZ) Target Price at $18.45

Invesco Ltd. (NYSE:IVZ) has been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $18.45.

A number of research firms have weighed in on IVZ. Morgan Stanley reaffirmed an “equal weight” rating and set a $17.00 target price on shares of Invesco in a research note on Tuesday, July 25th. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a report on Thursday. TheStreet lowered Invesco from a “b-” rating to a “c+” rating in a research note on Tuesday, May 30th. Royal Bank of Canada upped their price objective on Invesco from $17.00 to $19.00 in a research note on Friday, July 21st. Finally, BMO Capital Markets initiated coverage on shares of Invesco in a report on Monday, July 10th. They issued a “market perform” rating and a $21.00 price objective for the company.

Insider Transactions at Invesco

In other news, major shareholder Invesco Realty, Inc. bought 2,800,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $70,000,000.00. Following the completion of the acquisition, the insider now directly owns 853,400 shares in the company, valued at $21,335,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Invesco

Institutional investors and hedge funds have recently modified their holdings of the business. Trian Fund Management L.P. boosted its stake in Invesco by 18.8% during the first quarter. Trian Fund Management L.P. now owns 54,034,034 shares of the asset manager’s stock worth $1,404,885,000 after acquiring an additional 8,560,175 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Invesco by 14.0% during the first quarter. Vanguard Group Inc. now owns 52,105,335 shares of the asset manager’s stock valued at $1,201,550,000 after purchasing an additional 6,384,917 shares during the period. BlackRock Inc. boosted its position in shares of Invesco by 5.6% during the 1st quarter. BlackRock Inc. now owns 47,752,801 shares of the asset manager’s stock worth $783,146,000 after purchasing an additional 2,528,731 shares in the last quarter. State Street Corp grew its stake in shares of Invesco by 58.2% in the 3rd quarter. State Street Corp now owns 25,414,143 shares of the asset manager’s stock valued at $348,174,000 after buying an additional 9,345,810 shares during the period. Finally, Geode Capital Management LLC increased its position in Invesco by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 9,600,851 shares of the asset manager’s stock valued at $161,005,000 after buying an additional 251,010 shares in the last quarter. 66.27% of the stock is currently owned by institutional investors.

Invesco Stock Performance

NYSE:IVZ opened at $15.45 on Friday. Invesco has a twelve month low of $13.20 and a twelve month high of $20.56. The company has a quick ratio of 5.15, a current ratio of 5.15 and a debt-to-equity ratio of 0.71. The stock’s 50-day simple moving average is $16.47 and its 200 day simple moving average is $16.32. The firm has a market capitalization of $6.93 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 1.36 and a beta of 1.39.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, July 25th. The asset manager reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.09). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a return on equity of 7.54% and a net margin of 15.29%. The firm’s revenue was down 7.1% compared to the same quarter last year. During the same period last year, the company posted $0.39 EPS. On average, analysts anticipate that Invesco will post 1.53 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 11th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date was Thursday, August 10th. Invesco’s dividend payout ratio is currently 56.74%.

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.