The Goldman Sachs Group Boosts Invesco (NYSE:IVZ) Price Target to $16.25

Invesco (NYSE:IVZ - Free Report) had its price target upped by The Goldman Sachs Group from $16.00 to $16.25 in a report published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the asset manager's stock.

A number of other analysts have also recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Evercore ISI raised their target price on shares of Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Wednesday, April 23rd. TD Cowen lowered shares of Invesco from a "buy" rating to a "hold" rating and dropped their price target for the stock from $22.00 to $13.00 in a research report on Wednesday, April 9th. Bank of America decreased their price objective on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, Morgan Stanley lowered their price objective on shares of Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $17.38.

Invesco Trading Down 2.5%

Shares of NYSE:IVZ traded down $0.38 during mid-day trading on Thursday, reaching $14.58. The stock had a trading volume of 351,020 shares, compared to its average volume of 4,350,887. The firm has a 50 day simple moving average of $14.14 and a two-hundred day simple moving average of $16.11. Invesco has a twelve month low of $11.60 and a twelve month high of $19.55. The firm has a market cap of $6.52 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 0.98 and a beta of 1.49. 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 posted its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same period last year, the business posted $0.33 earnings per share. On average, research analysts predict that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th were paid a $0.21 dividend. This is a positive change from Invesco's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.76%. Invesco's dividend payout ratio (DPR) is presently 67.20%.

Institutional Trading of Invesco

Large investors have recently bought and sold shares of the business. Invst LLC bought a new position in shares of Invesco in the first quarter worth about $729,000. Strs Ohio bought a new position in Invesco in the 1st quarter valued at approximately $1,885,000. Bayforest Capital Ltd acquired a new stake in Invesco in the first quarter valued at approximately $98,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Invesco by 1.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager's stock worth $15,878,000 after buying an additional 12,685 shares during the last quarter. Finally, Woodline Partners LP lifted its stake in shares of Invesco by 40.2% in the 1st quarter. Woodline Partners LP now owns 37,850 shares of the asset manager's stock valued at $574,000 after acquiring an additional 10,859 shares during the last quarter. 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.