Invesco Ltd. (NYSE:IVZ) Receives Average Recommendation of "Hold" from Brokerages

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have received a consensus recommendation of "Hold" from the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $17.38.

A number of equities research analysts have weighed in on the stock. Citigroup dropped their price target on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. Morgan Stanley dropped their price target on shares of Invesco from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. TD Cowen cut shares of Invesco from a "buy" rating to a "hold" rating and dropped their price target for the company from $22.00 to $13.00 in a research report on Wednesday, April 9th. Wells Fargo & Company dropped their price target on shares of Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America dropped their price target on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its position in shares of Invesco by 1.5% during the 4th quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager's stock worth $816,000 after purchasing an additional 677 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Invesco by 6.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock worth $195,000 after purchasing an additional 710 shares in the last quarter. EP Wealth Advisors LLC boosted its position in shares of Invesco by 6.8% during the 1st quarter. EP Wealth Advisors LLC now owns 12,477 shares of the asset manager's stock worth $189,000 after purchasing an additional 792 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Invesco by 17.1% during the 1st quarter. Brooklyn Investment Group now owns 5,465 shares of the asset manager's stock worth $83,000 after purchasing an additional 800 shares in the last quarter. Finally, True Wealth Design LLC boosted its position in shares of Invesco by 18.3% during the 4th quarter. True Wealth Design LLC now owns 5,183 shares of the asset manager's stock worth $91,000 after purchasing an additional 801 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

Invesco Trading Up 2.0%

Invesco stock traded up $0.29 during midday trading on Friday, hitting $14.82. 5,042,572 shares of the stock were exchanged, compared to its average volume of 4,372,145. Invesco has a fifty-two week low of $11.60 and a fifty-two week high of $19.55. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 0.98 and a beta of 1.49. The stock's 50-day simple moving average is $14.24 and its 200 day simple moving average is $16.03. The company has a current ratio of 4.91, a quick 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, topping the consensus estimate of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the business earned $0.33 earnings per share. On average, equities analysts anticipate that Invesco will post 1.87 EPS for the current year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th were paid a $0.21 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a yield of 5.67%. This is an increase from Invesco's previous quarterly dividend of $0.21. Invesco's payout ratio is currently 67.20%.

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.