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Invesco Ltd. (NYSE:IVZ) Given Average Rating of "Hold" by Brokerages

Invesco logo with Finance background

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%.
  • MarketBeat previews the top five stocks to own by September 1st.

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have been given an average rating of "Hold" by the fifteen analysts that are covering the company, MarketBeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $18.78.

A number of brokerages recently issued reports on IVZ. TD Cowen raised shares of Invesco from a "hold" rating to a "buy" rating and increased their price target for the stock from $17.50 to $25.00 in a report on Monday, July 21st. Barclays raised their target price on Invesco from $17.00 to $22.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group boosted their price objective on Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a research report on Friday, June 27th. Evercore ISI upped their price target on shares of Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Wednesday, April 23rd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $16.00 price objective (up from $14.00) on shares of Invesco in a report on Thursday, July 10th.

Read Our Latest Stock Report on Invesco

Hedge Funds Weigh In On Invesco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IVZ. JPMorgan Chase & Co. boosted its position in shares of Invesco by 17.1% in the 4th 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. New York State Teachers Retirement System lifted its stake in Invesco by 8.5% in the first quarter. New York State Teachers Retirement System now owns 405,269 shares of the asset manager's stock valued at $6,148,000 after buying an additional 31,643 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Invesco by 177.3% in the first quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager's stock valued at $21,213,000 after acquiring an additional 894,105 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Invesco by 24.0% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,488 shares of the asset manager's stock worth $296,000 after acquiring an additional 3,778 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Invesco by 25.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 199,155 shares of the asset manager's stock valued at $3,021,000 after acquiring an additional 40,665 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Stock Performance

Shares of IVZ stock opened at $20.62 on Friday. The business has a 50-day simple moving average of $16.74 and a 200-day simple moving average of $16.09. The company has a quick ratio of 1.37, a current ratio of 0.59 and a debt-to-equity ratio of 0.67. The stock has a market cap of $9.23 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.14 and a beta of 1.54. Invesco has a 52-week low of $11.60 and a 52-week high of $21.85.

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

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, August 14th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.84 annualized dividend and a yield of 4.1%. Invesco's payout ratio is presently 90.32%.

Invesco Company Profile

(Get Free Report

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.

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Analyst Recommendations for Invesco (NYSE:IVZ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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