Invesco (NYSE:IVZ - Get Free Report) released its quarterly earnings data on Tuesday. The asset manager reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.07), Briefing.com reports. The company had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.08 billion. Invesco had a negative net margin of 1.70% and a positive return on equity of 7.93%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $0.38 EPS.
Invesco Stock Down 0.4 %
Shares of NYSE:IVZ traded down $0.06 on Wednesday, hitting $14.52. 7,875,029 shares of the company traded hands, compared to its average volume of 4,739,606. Invesco has a 52 week low of $12.48 and a 52 week high of $18.71. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.77. The stock has a 50 day simple moving average of $15.73 and a 200-day simple moving average of $15.44. The company has a market cap of $6.52 billion, a PE ratio of -19.62, a PEG ratio of 1.03 and a beta of 1.44.
Invesco Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.205 per share. The ex-dividend date is Monday, May 13th. This is an increase from Invesco's previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a dividend yield of 5.65%. Invesco's dividend payout ratio (DPR) is presently -108.11%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on IVZ shares. The Goldman Sachs Group dropped their price objective on Invesco from $17.75 to $16.75 and set a "neutral" rating for the company in a research note on Wednesday. Morgan Stanley raised their price target on Invesco from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 17th. Royal Bank of Canada raised their price target on Invesco from $14.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Thursday, January 18th. StockNews.com raised Invesco from a "sell" rating to a "hold" rating in a research note on Friday, February 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Invesco from $17.00 to $16.50 and set a "neutral" rating for the company in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Invesco presently has a consensus rating of "Hold" and a consensus target price of $16.79.
Check Out Our Latest Stock Report on Invesco
About Invesco
(
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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