Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 3,603,069 shares traded hands during mid-day trading, a decline of 20% from the previous session's volume of 4,509,069 shares.The stock last traded at $18.87 and had previously closed at $17.28.
Analyst Ratings Changes
IVZ has been the subject of a number of analyst reports. Citigroup decreased their target price on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. JPMorgan Chase & Co. decreased their target price on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. The Goldman Sachs Group raised their target price on shares of Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a research note on Friday, June 27th. TD Cowen downgraded shares of Invesco from a "buy" rating to a "hold" rating and decreased their target price for the company from $22.00 to $13.00 in a research note on Wednesday, April 9th. Finally, Morgan Stanley raised 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. Fifteen research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $17.65.
View Our Latest Stock Report on IVZ
Invesco Trading Up 15.4%
The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.81. The stock's fifty day moving average price is $15.52 and its 200 day moving average price is $15.81. The stock has a market cap of $8.92 billion, a PE ratio of 15.95, a PEG ratio of 1.50 and a beta of 1.48.
Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results 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. The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. Invesco had a net margin of 13.14% and a return on equity of 8.94%. During the same quarter last year, the company posted $0.33 earnings per share. On average, sell-side analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.
Invesco Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Wednesday, May 14th. This is a boost from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio (DPR) is currently 67.20%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of IVZ. Goldman Sachs Group Inc. boosted its stake in shares of Invesco by 99.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,026,920 shares of the asset manager's stock worth $106,598,000 after acquiring an additional 3,507,150 shares during the last quarter. Norges Bank purchased a new position in shares of Invesco during the 4th quarter worth $57,459,000. AQR Capital Management LLC boosted its stake in shares of Invesco by 35.4% during the 1st quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager's stock worth $165,262,000 after acquiring an additional 2,882,928 shares during the last quarter. Nuveen LLC purchased a new position in shares of Invesco during the 1st quarter worth $29,138,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Invesco by 2,385.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager's stock worth $29,301,000 after acquiring an additional 1,642,645 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.
Invesco Company Profile
(
Get Free Report)
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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