Invesco Ltd. (NYSE:IVZ) Receives $18.78 Consensus Price Target from Analysts

Key Points

• Invesco Ltd. has received an average rating of "Hold" from fifteen analysts, with two analysts recommending a buy and thirteen recommending hold.
• Several brokerages have adjusted their price targets for Invesco, with TD Cowen increasing its target from $17.50 to $25.00 and Barclays raising it from $17.00 to $22.00.
• Invesco recently announced a quarterly dividend of $0.21 per share, which will yield 4.1% annually, and has a payout ratio of 90.32%.

Invesco Ltd. (NYSE:IVZ - Get Free Report) has been assigned an average recommendation of "Hold" from the fifteen brokerages that are covering the stock, MarketBeat.com reports. Thirteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $18.7833.

Several brokerages recently issued reports on IVZ. Evercore ISI upped their price target on Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Wednesday, April 23rd. Wells Fargo & Company raised Invesco from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $14.50 to $18.00 in a report on Friday, July 11th. Barclays raised their price target on Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 23rd. TD Cowen upgraded Invesco from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $17.50 to $25.00 in a research report on Monday, July 21st. Finally, The Goldman Sachs Group raised their target price on Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a research note on Friday, June 27th.

Invesco Stock Up 0.7%

NYSE:IVZ traded up $0.16 during trading hours on Friday, reaching $21.16. 1,748,210 shares of the stock were exchanged, compared to its average volume of 5,711,193. Invesco has a twelve month low of $11.60 and a twelve month high of $21.85. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 1.37. The firm has a 50 day moving average of $16.87 and a 200 day moving average of $16.11. The stock has a market cap of $9.47 billion, a PE ratio of 22.75, a PEG ratio of 1.12 and a beta of 1.55.

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

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.0%. The ex-dividend date is Thursday, August 14th. Invesco's payout ratio is presently 90.32%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in Invesco by 17.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,285,609 shares of the asset manager's stock valued at $22,472,000 after purchasing an additional 188,041 shares during the period. Norges Bank acquired a new position in Invesco in the fourth quarter valued at $57,459,000. Nomura Asset Management Co. Ltd. boosted its stake in Invesco by 10.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 14,255 shares of the asset manager's stock valued at $249,000 after acquiring an additional 1,367 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Invesco by 3.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 97,935 shares of the asset manager's stock worth $1,712,000 after buying an additional 3,508 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Invesco by 965.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 991,281 shares of the asset manager's stock worth $17,328,000 after buying an additional 898,210 shares during the period. 66.09% of the stock is currently 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.