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

Invesco Ltd. (NYSE:IVZ - Get Free Report) has been assigned an average recommendation of "Hold" from the fifteen brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $17.48.

A number of equities research analysts recently commented on IVZ shares. Morgan Stanley upped their price target on shares of Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a report on Wednesday, July 2nd. Barclays upped their price target on shares of Invesco from $14.00 to $15.00 and gave the company an "equal weight" rating in a report on Monday, June 9th. TD Cowen lowered shares of Invesco from a "buy" rating to a "hold" rating and lowered their price target for the company from $22.00 to $13.00 in a report on Wednesday, April 9th. Evercore ISI upped 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. Finally, The Goldman Sachs Group upped their price target on shares of Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a report on Friday, June 27th.

Invesco Trading Down 0.1%

Shares of IVZ opened at $16.72 on Tuesday. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.95 and a beta of 1.48. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.37 and a current ratio of 1.37. Invesco has a fifty-two week low of $11.60 and a fifty-two week high of $19.55. The firm has a 50 day moving average price of $14.96 and a 200-day moving average price of $15.79.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a net margin of 13.14% and a return on equity of 8.94%. During the same period in the previous year, the business posted $0.33 EPS. As a group, equities research analysts forecast that Invesco will post 1.87 earnings per share for the current year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th were given a dividend of $0.21 per share. This is an increase from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend was Wednesday, May 14th. Invesco's payout ratio is presently 67.20%.

Institutional Trading of Invesco

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Avantax Advisory Services Inc. grew its position in shares of Invesco by 6.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock worth $195,000 after buying an additional 710 shares during the period. D.A. Davidson & CO. grew its position in shares of Invesco by 1.6% in the 1st quarter. D.A. Davidson & CO. now owns 47,462 shares of the asset manager's stock worth $720,000 after buying an additional 755 shares during the period. EP Wealth Advisors LLC grew its position in shares of Invesco by 6.8% in the 1st quarter. EP Wealth Advisors LLC now owns 12,477 shares of the asset manager's stock worth $189,000 after buying an additional 792 shares during the period. Brooklyn Investment Group grew its position in shares of Invesco by 17.1% in the 1st quarter. Brooklyn Investment Group now owns 5,465 shares of the asset manager's stock worth $83,000 after buying an additional 800 shares during the period. Finally, True Wealth Design LLC grew its position in shares of Invesco by 18.3% in the 4th quarter. True Wealth Design LLC now owns 5,183 shares of the asset manager's stock worth $91,000 after buying an additional 801 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

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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