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

Key Points

• Invesco Ltd. (NYSE:IVZ) has received an average rating of "Hold" from eighteen research firms, with thirteen analysts recommending hold, four suggesting buy, and one advising a strong buy.
• The average 12-month target price for Invesco's shares, as estimated by analysts, is $21.72, with price targets ranging from $16.00 to $26.00.
• Invesco reported earnings of $0.36 per share for the last quarter, missing estimates of $0.41, with a revenue of $1.10 billion, slightly above the expected $1.09 billion.

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have been given an average recommendation of "Hold" by the eighteen research firms that are currently covering the company, Marketbeat Ratings reports. Thirteen investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $21.7167.

Several equities analysts have issued reports on IVZ shares. Evercore ISI upped their price target on shares of Invesco from $24.00 to $26.00 and gave the company an "in-line" rating in a research report on Thursday, October 9th. The Goldman Sachs Group increased their target price on shares of Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a research note on Friday, June 27th. Cowen reissued a "buy" rating on shares of Invesco in a research note on Thursday, September 18th. Royal Bank Of Canada restated a "sector perform" rating and set a $16.00 price objective (up previously from $14.00) on shares of Invesco in a report on Thursday, July 10th. Finally, Wells Fargo & Company upgraded shares of Invesco from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $14.50 to $18.00 in a report on Friday, July 11th.

Invesco Price Performance

IVZ stock opened at $23.57 on Thursday. The company has a 50 day simple moving average of $22.22 and a 200 day simple moving average of $17.93. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 0.84 and a beta of 1.66. Invesco has a 1 year low of $11.60 and a 1 year high of $24.54. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.30.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data 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). Invesco had a return on equity of 8.60% and a net margin of 10.68%.The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the company earned $0.43 earnings per share. Invesco's revenue for the quarter was up 2.2% compared to the same quarter last year. Research analysts anticipate that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th were issued a $0.21 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. Invesco's dividend payout ratio is currently 90.32%.

Insider Activity at Invesco

In related news, Director Stephanie Butcher sold 103,192 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the completion of the sale, the director owned 29,855 shares in the company, valued at approximately $660,392.60. This trade represents a 77.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Invesco

A number of large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of Invesco by 19.6% in the first quarter. GAMMA Investing LLC now owns 22,616 shares of the asset manager's stock worth $343,000 after purchasing an additional 3,714 shares in the last quarter. Fifth Third Bancorp lifted its position in Invesco by 21.8% during the first quarter. Fifth Third Bancorp now owns 21,437 shares of the asset manager's stock valued at $325,000 after purchasing an additional 3,839 shares during the last quarter. QRG Capital Management Inc. lifted its position in Invesco by 4.5% during the first quarter. QRG Capital Management Inc. now owns 127,477 shares of the asset manager's stock valued at $1,934,000 after purchasing an additional 5,543 shares during the last quarter. LifeWealth Investments LLC lifted its position in Invesco by 68.2% during the first quarter. LifeWealth Investments LLC now owns 20,725 shares of the asset manager's stock valued at $314,000 after purchasing an additional 8,407 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Invesco by 2.5% in the 1st quarter. State of Alaska Department of Revenue now owns 52,501 shares of the asset manager's stock worth $796,000 after acquiring an additional 1,260 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

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.

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