Invesco (NYSE:IVZ) Sets New 52-Week Low - Here's Why

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $13.46 and last traded at $13.91, with a volume of 5412441 shares changing hands. The stock had previously closed at $13.96.

Analyst Ratings Changes

IVZ has been the topic of several analyst reports. Morgan Stanley reduced their price objective on Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. BMO Capital Markets lifted their price objective on Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a research note on Wednesday, January 29th. Barclays upped their target price on shares of Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 23rd. TD Cowen downgraded shares of Invesco from a "buy" rating to a "hold" rating and decreased their price target for the stock from $22.00 to $13.00 in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada assumed coverage on shares of Invesco in a research report on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 price objective on the stock. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $17.25.

Invesco Stock Down 0.4 %

The business's fifty day moving average price is $14.68 and its 200 day moving average price is $16.77. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.98 and a beta of 1.26. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the company earned $0.33 earnings per share. On average, equities analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a yield of 6.04%. This is an increase from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio is presently 67.20%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP increased its position in Invesco by 300.6% during the 1st quarter. Allworth Financial LP now owns 51,783 shares of the asset manager's stock worth $729,000 after purchasing an additional 38,856 shares during the period. Nisa Investment Advisors LLC grew its holdings in Invesco by 25.7% during the first quarter. Nisa Investment Advisors LLC now owns 199,155 shares of the asset manager's stock worth $3,021,000 after acquiring an additional 40,665 shares during the period. Stratos Wealth Partners LTD. raised its position in Invesco by 24.8% in the first quarter. Stratos Wealth Partners LTD. now owns 44,956 shares of the asset manager's stock worth $682,000 after acquiring an additional 8,922 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in Invesco by 3.6% in the first quarter. Impax Asset Management Group plc now owns 77,334 shares of the asset manager's stock valued at $1,173,000 after acquiring an additional 2,661 shares during the period. Finally, D.A. Davidson & CO. boosted its position in shares of Invesco by 1.6% during the 1st quarter. D.A. Davidson & CO. now owns 47,462 shares of the asset manager's stock worth $720,000 after purchasing an additional 755 shares in 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.

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