Brokerages Set Invesco Ltd. (NYSE:IVZ) Price Target at $19.38

Key Points

• Invesco Ltd. has received a consensus rating of "Hold" from analysts, with 13 holding and 4 buying ratings, and an average target price of approximately $19.38.
• Director Stephanie Butcher sold over 103,000 shares of Invesco, representing a 77.56% decrease in ownership, which raised concerns about insider confidence.
• The company reported $0.36 EPS for the last quarter, missing expectations, while revenue was slightly above estimates, indicating mixed financial performance.

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have earned a consensus rating of "Hold" from the seventeen brokerages that are covering the firm, MarketBeat Ratings reports. Thirteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $19.3833.

Several research analysts have issued reports on IVZ shares. The Goldman Sachs Group upped their price objective on Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a report on Friday, June 27th. Barclays lifted their price objective on shares of Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 23rd. Evercore ISI reaffirmed a "positive" rating on shares of Invesco in a research note on Friday, September 5th. Morgan Stanley upped their target price on shares of Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. Finally, TD Cowen upgraded shares of Invesco from a "hold" rating to a "buy" rating and upped their price objective for the company from $17.50 to $25.00 in a research report on Monday, July 21st.

Invesco Price Performance

Shares of IVZ traded down $0.18 on Friday, hitting $22.47. The company's stock had a trading volume of 10,276,484 shares, compared to its average volume of 3,829,255. The company has a market capitalization of $10.02 billion, a PE ratio of 24.16, a PEG ratio of 1.27 and a beta of 1.58. 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 has a fifty-two week low of $11.60 and a fifty-two week high of $22.78. The company has a 50 day moving average price of $21.14 and a 200 day moving average price of $16.98.

Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Invesco had a return on equity of 8.60% and a net margin of 10.68%.The firm's revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. On average, research analysts anticipate that Invesco will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed 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 3.7%. Invesco's dividend payout ratio (DPR) is presently 90.32%.

Insider Transactions 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 value of $2,282,607.04. Following the completion of the sale, the director directly owned 29,855 shares in the company, valued at approximately $660,392.60. This trade represents a 77.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.21% of the company's stock.

Institutional Investors Weigh In On Invesco

Several hedge funds have recently bought and sold shares of IVZ. Federated Hermes Inc. lifted its position in Invesco by 186.6% during the first quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager's stock worth $30,000 after acquiring an additional 1,282 shares during the last quarter. SVB Wealth LLC acquired a new stake in Invesco during the first quarter worth approximately $32,000. IFP Advisors Inc lifted its position in Invesco by 55.7% during the second quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager's stock worth $34,000 after acquiring an additional 761 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Invesco during the first quarter worth approximately $41,000. Finally, UMB Bank n.a. lifted its position in Invesco by 45.8% during the second quarter. UMB Bank n.a. now owns 2,623 shares of the asset manager's stock worth $41,000 after acquiring an additional 824 shares during the last quarter. 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.