Invesco Ltd. (NYSE:IVZ) Receives $17.25 Average PT from Analysts

Invesco Ltd. (NYSE:IVZ) has been assigned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $17.25.

A number of research analysts recently commented on IVZ shares. Evercore ISI increased their price target on Invesco from $13.00 to $15.00 and gave the company an “in-line” rating in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $20.00 price target (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. UBS Group increased their price target on Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Citigroup reduced their price target on Invesco from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, March 31st. Finally, Barclays increased their price target on Invesco from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Wednesday, April 23rd.

Institutional Trading of Invesco

Several large investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. increased its position in Invesco by 1.5% in the 4th quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager’s stock valued at $816,000 after acquiring an additional 677 shares during the period. Avantax Advisory Services Inc. increased its position in Invesco by 6.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager’s stock valued at $195,000 after acquiring an additional 710 shares during the period. EP Wealth Advisors LLC increased its position in Invesco by 6.8% in the 1st quarter. EP Wealth Advisors LLC now owns 12,477 shares of the asset manager’s stock valued at $189,000 after acquiring an additional 792 shares during the period. Brooklyn Investment Group increased its position in Invesco by 17.1% in the 1st quarter. Brooklyn Investment Group now owns 5,465 shares of the asset manager’s stock valued at $83,000 after acquiring an additional 800 shares during the period. Finally, True Wealth Design LLC increased its position in Invesco by 18.3% in the 4th quarter. True Wealth Design LLC now owns 5,183 shares of the asset manager’s stock valued at $91,000 after acquiring an additional 801 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trading Down 3.5%

Shares of IVZ opened at $14.63 on Monday. The company has a market capitalization of $6.55 billion, a P/E ratio of 12.40, a P/E/G ratio of 0.98 and a beta of 1.47. Invesco has a one year low of $11.60 and a one year high of $19.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The stock has a 50-day moving average price of $14.29 and a 200 day moving average price of $16.47.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same quarter in the prior year, the business posted $0.33 earnings per share. Sell-side analysts forecast that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.74%. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. Invesco’s dividend payout ratio is presently 67.20%.

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.