Invesco (NYSE:IVZ) Shares Gap Down to $15.58

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $15.58, but opened at $14.64. Invesco shares last traded at $14.89, with a volume of 1,783,750 shares.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IVZ. TD Cowen began coverage on Invesco in a research report on Thursday, January 4th. They set an "outperform" rating and a $21.00 target price for the company. UBS Group dropped their price objective on Invesco from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, January 29th. Keefe, Bruyette & Woods dropped their price objective on Invesco from $21.00 to $19.50 and set an "outperform" rating for the company in a report on Wednesday, January 24th. Royal Bank of Canada upped their price objective on Invesco from $14.00 to $16.00 and gave the company a "sector perform" rating in a report on Thursday, January 18th. Finally, StockNews.com upgraded Invesco from a "sell" rating to a "hold" rating in a report on Friday, February 23rd. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Invesco presently has a consensus rating of "Hold" and an average price target of $17.46.

Invesco Trading Down 6.4 %

The company has a debt-to-equity ratio of 0.77, a current ratio of 5.01 and a quick ratio of 5.01. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of -19.86, a PEG ratio of 1.02 and a beta of 1.44. The business has a 50 day simple moving average of $15.76 and a 200-day simple moving average of $15.44.

Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. The company's revenue was down 5.6% on a year-over-year basis. As a group, equities analysts expect that Invesco Ltd. will post 1.75 earnings per share for the current year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.205 per share. This is a boost from Invesco's previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a dividend yield of 5.62%. The ex-dividend date is Monday, May 13th. Invesco's dividend payout ratio is currently -108.11%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Quantbot Technologies LP boosted its position in shares of Invesco by 276.8% during the third quarter. Quantbot Technologies LP now owns 81,754 shares of the asset manager's stock worth $1,187,000 after buying an additional 60,057 shares during the period. Oak Thistle LLC acquired a new position in shares of Invesco during the fourth quarter worth about $1,166,000. Northern Trust Corp boosted its position in shares of Invesco by 30.7% during the third quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager's stock worth $86,306,000 after buying an additional 1,395,023 shares during the period. Raymond James & Associates boosted its position in shares of Invesco by 4.5% during the third quarter. Raymond James & Associates now owns 65,917 shares of the asset manager's stock worth $957,000 after buying an additional 2,846 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of Invesco by 99.6% during the third quarter. Hsbc Holdings PLC now owns 749,137 shares of the asset manager's stock worth $10,912,000 after buying an additional 373,778 shares during the period. 66.09% of the stock is 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.