Invesco Ltd. (NYSE:IVZ) Stock Has Consensus Price Target of $32.04

Key Points

• Analysts maintain a “Hold” consensus on Invesco, with 11 hold ratings and four buy ratings among 15 analysts. The average 12-month price target is $32.04, compared with the stock’s opening price of $30.22.
• Invesco exceeded quarterly expectations, reporting $0.71 in EPS versus the $0.67 consensus and $1.33 billion in revenue, up 20.5% year over year. Analysts forecast full-year EPS of $2.82.
• The company pays a quarterly dividend of $0.215 per share, or $0.86 annualized, representing a 2.8% yield. Insiders sold 222,540 shares worth approximately $7.2 million during the latest quarter, while institutional investors own 66.09% of the stock.

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have been given a consensus recommendation of "Hold" by the fifteen analysts that are covering the firm, Marketbeat.com reports. Eleven analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $32.04.

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods started coverage on shares of Invesco in a research report on Wednesday, September 9th. They issued an "outperform" rating and a $39.00 price objective for the company. Wall Street Zen downgraded Invesco from a "buy" rating to a "hold" rating in a research note on Saturday, September 26th. JPMorgan Chase & Co. upped their target price on Invesco from $29.00 to $29.50 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Evercore set a $35.00 price target on Invesco in a report on Monday, August 10th. Finally, Jefferies Financial Group upgraded Invesco to a "hold" rating in a research note on Tuesday, June 30th.

Invesco Stock Performance

NYSE IVZ opened at $30.22 on Thursday. The company has a market cap of $13.40 billion, a P/E ratio of -44.44, a PEG ratio of 0.44 and a beta of 1.63. The company has a fifty day simple moving average of $31.44 and a 200 day simple moving average of $28.22. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. Invesco has a 12-month low of $20.67 and a 12-month high of $33.66.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the business earned $0.36 EPS. The company's quarterly revenue was up 20.5% on a year-over-year basis. Sell-side analysts predict that Invesco will post 2.82 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were paid a $0.2150 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.86 annualized dividend and a dividend yield of 2.8%. Invesco's dividend payout ratio (DPR) is presently -126.47%.

Insider Buying and Selling

In related news, Director Stephanie Butcher sold 45,095 shares of the business's stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $32.28, for a total transaction of $1,455,666.60. Following the completion of the transaction, the director owned 10,205 shares of the company's stock, valued at approximately $329,417.40. The trade was a 81.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew Tak Shing Lo sold 100,840 shares of the firm's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $32.20, for a total value of $3,247,048.00. Following the completion of the sale, the director directly owned 812,477 shares in the company, valued at approximately $26,161,759.40. The trade was a 11.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 222,540 shares of company stock worth $7,227,167 over the last quarter. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of Invesco

Several hedge funds and other institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. grew its stake in shares of Invesco by 5.1% during the second quarter. QRG Capital Management Inc. now owns 141,453 shares of the asset manager's stock valued at $3,733,000 after buying an additional 6,825 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Invesco by 14.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,346 shares of the asset manager's stock worth $273,000 after purchasing an additional 1,316 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Invesco by 45.7% in the second quarter. Sequoia Financial Advisors LLC now owns 58,792 shares of the asset manager's stock worth $1,552,000 after purchasing an additional 18,451 shares during the last quarter. MCF Advisors LLC boosted its position in Invesco by 15.9% during the 2nd quarter. MCF Advisors LLC now owns 6,782 shares of the asset manager's stock valued at $179,000 after buying an additional 930 shares during the period. Finally, Engineers Gate Manager LP grew its holdings in Invesco by 47.0% in the 2nd quarter. Engineers Gate Manager LP now owns 1,354,613 shares of the asset manager's stock worth $35,748,000 after acquiring an additional 433,287 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

Invesco Company Profile

Invesco Ltd. NYSE: IVZ is a global independent investment management firm that provides investment products and services to individuals, financial advisers, institutions and other clients. The company manages assets across public and private markets and serves clients through a range of investment strategies.

Its offerings include exchange-traded funds, mutual funds, separately managed accounts, institutional mandates and alternative investments. Invesco provides exposure to equities, fixed income, commodities, multi-asset strategies and other asset classes, with both actively managed and index-based investment solutions.

Headquartered in Atlanta, Georgia, Invesco serves clients across North America, Europe, Asia-Pacific and other international markets through offices and investment teams around the world.

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