Invesco Ltd. (NYSE:IVZ) Receives Average Rating of "Hold" from Analysts

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have received a consensus rating of "Hold" from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $17.38.

Several research firms have commented on IVZ. Wells Fargo & Company dropped their target price on Invesco from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, January 24th. UBS Group dropped their target price on Invesco from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Monday, January 29th. StockNews.com raised Invesco from a "sell" rating to a "hold" rating in a report on Friday, February 23rd. Royal Bank of Canada upped their price target on Invesco from $14.00 to $16.00 and gave the company a "sector perform" rating in a report on Thursday, January 18th. Finally, TD Cowen initiated coverage on Invesco in a report on Thursday, January 4th. They set an "outperform" rating and a $21.00 price target on the stock.

Institutional Trading of Invesco

A number of hedge funds and other institutional investors have recently bought and sold shares of IVZ. Orion Capital Management LLC purchased a new stake in shares of Invesco during the third quarter worth about $25,000. Gables Capital Management Inc. grew its position in shares of Invesco by 74.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager's stock worth $29,000 after purchasing an additional 700 shares in the last quarter. Money Concepts Capital Corp grew its position in shares of Invesco by 150.1% during the fourth quarter. Money Concepts Capital Corp now owns 1,688 shares of the asset manager's stock worth $30,000 after purchasing an additional 1,013 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Invesco during the third quarter worth about $32,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of Invesco during the third quarter worth about $36,000. Hedge funds and other institutional investors own 66.09% of the company's stock.

Invesco Stock Down 2.4 %

Shares of NYSE IVZ traded down $0.37 during mid-day trading on Friday, hitting $15.34. 3,483,990 shares of the stock traded hands, compared to its average volume of 4,024,001. The company has a debt-to-equity ratio of 0.77, a quick ratio of 5.01 and a current ratio of 5.01. Invesco has a 52 week low of $12.48 and a 52 week high of $18.71. The company has a market cap of $6.89 billion, a price-to-earnings ratio of -20.73, a PEG ratio of 0.97 and a beta of 1.44. The stock has a fifty day moving average price of $15.84 and a 200-day moving average price of $15.39.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. Invesco had a positive return on equity of 7.93% and a negative net margin of 1.70%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $0.39 earnings per share. The firm's revenue was down 5.6% on a year-over-year basis. Research analysts anticipate that Invesco will post 1.73 EPS for the current year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Friday, February 16th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date was Thursday, February 15th. Invesco's payout ratio is -108.11%.

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.