Analysts Set Invesco Ltd. (NYSE:IVZ) Target Price at $17.38

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have been given an average rating of "Hold" by the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $17.38.

IVZ has been the subject of several research reports. Bank of America cut their price target on Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Barclays lifted their target price on shares of Invesco from $14.00 to $15.00 and gave the stock an "equal weight" rating in a report on Monday. The Goldman Sachs Group upped their price target on shares of Invesco from $16.00 to $16.25 and gave the company a "neutral" rating in a research note on Thursday. Finally, Evercore ISI increased their price target on shares of Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Wednesday, April 23rd.

Invesco Stock Performance

Shares of IVZ stock traded down $0.44 on Friday, reaching $14.52. The stock had a trading volume of 5,120,727 shares, compared to its average volume of 4,369,165. Invesco has a 12 month low of $11.60 and a 12 month high of $19.55. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 0.98 and a beta of 1.49. The firm's 50-day moving average is $14.14 and its two-hundred day moving average is $16.11. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company earned $0.33 earnings per share. On average, research analysts expect that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a yield of 5.79%. This is an increase from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio is currently 67.20%.

Hedge Funds Weigh In On Invesco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Invesco by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock worth $900,127,000 after purchasing an additional 419,389 shares during the period. Dimensional Fund Advisors LP lifted its position in Invesco by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after purchasing an additional 274,134 shares during the period. AQR Capital Management LLC grew its stake in Invesco by 35.4% during the first quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager's stock worth $165,262,000 after buying an additional 2,882,928 shares in the last quarter. Geode Capital Management LLC increased its holdings in Invesco by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock valued at $181,281,000 after buying an additional 134,726 shares during the period. Finally, Northern Trust Corp increased its holdings in Invesco by 11.3% in the 1st quarter. Northern Trust Corp now owns 7,083,410 shares of the asset manager's stock valued at $107,455,000 after buying an additional 721,947 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

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.