Invesco Ltd. (NYSE:IVZ) Announces $0.21 Quarterly Dividend

Invesco Ltd. (NYSE:IVZ - Get Free Report) announced a quarterly dividend on Tuesday, July 22nd, RTT News reports. Stockholders of record on Thursday, August 14th will be given a dividend of 0.21 per share by the asset manager on Tuesday, September 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, August 14th.

Invesco has a dividend payout ratio of 46.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Invesco to earn $2.07 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 40.6%.

Invesco Price Performance

Shares of IVZ stock traded down $0.03 during trading hours on Thursday, reaching $21.41. The company had a trading volume of 7,928,944 shares, compared to its average volume of 5,722,855. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.37 and a current ratio of 0.59. The stock has a fifty day moving average of $15.73 and a 200-day moving average of $15.84. The company has a market capitalization of $9.58 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.84 and a beta of 1.48. Invesco has a 12-month low of $11.60 and a 12-month high of $21.68.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. Invesco had a net margin of 10.68% and a return on equity of 7.97%. Invesco's revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. On average, equities analysts anticipate that Invesco will post 1.87 earnings per share for the current year.

Institutional Investors Weigh In On Invesco

A number of institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco during the 1st quarter worth approximately $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Invesco by 7.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager's stock valued at $543,000 after acquiring an additional 2,393 shares during the last quarter. Woodline Partners LP raised its holdings in Invesco by 40.2% in the 1st quarter. Woodline Partners LP now owns 37,850 shares of the asset manager's stock valued at $574,000 after acquiring an additional 10,859 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Invesco by 1.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager's stock valued at $15,878,000 after acquiring an additional 12,685 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on IVZ. Bank of America lowered their price objective on Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. TD Cowen upgraded Invesco from a "hold" rating to a "buy" rating and increased their price objective for the stock from $17.50 to $25.00 in a research report on Monday. Morgan Stanley raised their price target on Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. lowered their price target on Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company upgraded Invesco from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $14.50 to $18.00 in a research report on Friday, July 11th. Fourteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $18.78.

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.