Invesco Ltd. (NYSE:IVZ) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Invesco Ltd. has received a consensus recommendation of "Hold" from analysts, with 14 hold ratings and 2 buy ratings among 16 research firms.
• The company's stock opened at $21.91 and has a 1-year target price averaged at $18.78, reflecting a positive outlook from certain analysts.
• Invesco recently announced a quarterly dividend of $0.21 per share, yielding 3.8% annually, with a payout ratio of 90.32%.

Invesco Ltd. (NYSE:IVZ - Get Free Report) has been assigned an average recommendation of "Hold" from the sixteen research firms that are covering the company, MarketBeat.com reports. Fourteen investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $18.7833.

A number of equities analysts have commented on IVZ shares. Zacks Research raised shares of Invesco to a "hold" rating in a research report on Tuesday, August 12th. Wells Fargo & Company raised shares of Invesco from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $14.50 to $18.00 in a research report on Friday, July 11th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $16.00 price objective (up from $14.00) on shares of Invesco in a research report on Thursday, July 10th. 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 report on Wednesday, July 23rd. Finally, TD Cowen raised shares of Invesco from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $17.50 to $25.00 in a research report on Monday, July 21st.

Invesco Price Performance

NYSE:IVZ opened at $21.91 on Wednesday. Invesco has a 1-year low of $11.60 and a 1-year high of $21.95. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. The firm has a fifty day simple moving average of $18.95 and a 200 day simple moving average of $16.42. The stock has a market capitalization of $9.77 billion, a PE ratio of 23.56, a P/E/G ratio of 1.22 and a beta of 1.55.

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

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, August 14th. Invesco's payout ratio is presently 90.32%.

Institutional Investors Weigh In On Invesco

A number of institutional investors have recently modified their holdings of IVZ. Goldman Sachs Group Inc. boosted its position in shares of Invesco by 99.6% in the first quarter. Goldman Sachs Group Inc. now owns 7,026,920 shares of the asset manager's stock valued at $106,598,000 after acquiring an additional 3,507,150 shares during the period. First Trust Advisors LP raised its stake in Invesco by 5,065.4% in the second quarter. First Trust Advisors LP now owns 3,380,933 shares of the asset manager's stock valued at $53,317,000 after purchasing an additional 3,315,480 shares in the last quarter. Norges Bank acquired a new position in Invesco in the second quarter valued at about $51,838,000. AQR Capital Management LLC raised its stake in Invesco by 35.4% in the first quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager's stock valued at $165,262,000 after purchasing an additional 2,882,928 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Invesco in the first quarter valued at about $29,138,000. 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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