Invesco Ltd. (NYSE:IVZ - Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $13.46 and last traded at $13.91, with a volume of 5412441 shares. The stock had previously closed at $13.96.
Analyst Ratings Changes
IVZ has been the subject of several recent research reports. Argus increased their price target on Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Bank of America lowered their price target on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. BMO Capital Markets increased their price objective on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group boosted their price target on shares of Invesco from $15.00 to $15.25 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 target price (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Invesco presently has an average rating of "Hold" and an average price target of $17.25.
View Our Latest Research Report on Invesco
Invesco Price Performance
The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The company's 50 day moving average is $14.49 and its 200 day moving average is $16.67.
Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same period in the previous year, the business earned $0.33 EPS. Research analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.
Invesco Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.88%. This is a boost from Invesco's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 14th. Invesco's payout ratio is presently 67.20%.
Institutional Trading of Invesco
A number of large investors have recently bought and sold shares of IVZ. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Invesco by 48.1% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 279,388 shares of the asset manager's stock valued at $4,238,000 after buying an additional 90,794 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in Invesco by 89.0% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 91,500 shares of the asset manager's stock valued at $1,388,000 after acquiring an additional 43,077 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Invesco by 16.8% during the 1st quarter. Allianz Asset Management GmbH now owns 1,073,314 shares of the asset manager's stock worth $16,282,000 after acquiring an additional 154,003 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of Invesco by 10.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 34,660 shares of the asset manager's stock valued at $525,000 after purchasing an additional 3,189 shares during the last quarter. Finally, Twin Capital Management Inc. grew its stake in shares of Invesco by 50.3% in the 1st quarter. Twin Capital Management Inc. now owns 39,047 shares of the asset manager's stock valued at $592,000 after purchasing an additional 13,072 shares during the last quarter. Institutional investors and hedge funds 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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