Brokerages Set Invesco Ltd. (NYSE:IVZ) PT at $17.38

Invesco Ltd. (NYSE:IVZ) has received a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $17.38.

A number of equities research analysts have recently commented on IVZ shares. Citigroup dropped their price objective on shares of Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st. JPMorgan Chase & Co. decreased their target price on Invesco from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Morgan Stanley decreased their target price on Invesco from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. TD Cowen lowered Invesco from a “buy” rating to a “hold” rating and decreased their target price for the company from $22.00 to $13.00 in a research report on Wednesday, April 9th. Finally, Evercore ISI increased their target price on Invesco from $13.00 to $15.00 and gave the company an “in-line” rating in a research report on Wednesday, April 23rd.

Invesco Price Performance

Shares of NYSE IVZ opened at $14.52 on Friday. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 0.98 and a beta of 1.49. Invesco has a 12 month low of $11.60 and a 12 month high of $19.55. The firm’s 50 day simple moving average is $14.19 and its 200-day simple moving average is $16.06. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same quarter last year, the company earned $0.33 EPS. Analysts expect that Invesco will post 1.87 EPS for the current year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th were paid a $0.21 dividend. The ex-dividend date was Wednesday, May 14th. This is an increase from Invesco’s previous quarterly dividend of $0.21. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.79%. Invesco’s dividend payout ratio (DPR) is 67.20%.

Institutional Trading of Invesco

A number of hedge funds and other institutional investors have recently modified their holdings of IVZ. Federated Hermes Inc. increased its stake in shares of Invesco by 186.6% in the 1st quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager’s stock worth $30,000 after acquiring an additional 1,282 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Invesco in the 1st quarter worth $32,000. Colonial Trust Co SC acquired a new stake in shares of Invesco in the 4th quarter worth $38,000. Summit Securities Group LLC acquired a new stake in shares of Invesco in the 1st quarter worth $41,000. Finally, Aster Capital Management DIFC Ltd increased its stake in shares of Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,531 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

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.