Invesco - IVZ Stock Forecast, Price & News

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. It manages separate client-focused equity and fixed income portfolios. The firm also launches equity, fixed income, commodity, multi-asset, and balanced mutual funds for its clients. It launches equity, fixed income, multi-asset, and balanced exchange-traded funds. The firm also launches and manages private funds. It invests in the public equity and fixed income markets across the globe. The firm also invests in alternative markets, such as commodities and currencies. For the equity portion of its portfolio, it invests in growth and value stocks of large-cap, mid-cap, and small-cap companies. For the fixed income portion of its portfolio, the firm invests in convertibles, government bonds, municipal bonds, treasury securities, and cash. It also invests in short term and intermediate term bonds, investment grade and high yield bonds, taxable and tax-free bonds, senior secured loans, and structured securities such as asset-backed securities, mortgage-backed securities, and commercial mortgage-backed securities. The firm employs absolute return, global macro, and long/short strategies. It employs quantitative analysis to make its investments. The firm was formerly known as Invesco Plc, AMVESCAP plc, Amvesco plc, Invesco PLC, Invesco MIM, and H. Lotery & Co. Ltd. Invesco Ltd. was founded in December 1935 and is based in Atlanta, Georgia with an additional office in Hamilton, Bermuda.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on IVZ shares. BMO Capital Markets lowered shares of Invesco from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $25.00 to $20.00 in a research report on Monday, June 13th. Keefe, Bruyette & Woods decreased their price target on shares of Invesco from $21.00 to $18.00 and set a "market perform" rating on the stock in a report on Tuesday, June 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on Invesco from $21.00 to $19.00 in a research note on Wednesday, July 13th. StockNews.com cut Invesco from a "hold" rating to a "sell" rating in a research report on Thursday, August 4th. Finally, JPMorgan Chase & Co. lowered their price target on Invesco from $22.00 to $20.00 in a report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.59.

Invesco Stock Up 1.0 %

Shares of Invesco stock opened at $18.10 on Tuesday. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.71. Invesco has a 12-month low of $15.20 and a 12-month high of $27.03. The company's fifty day simple moving average is $17.08 and its two-hundred day simple moving average is $19.49. The company has a market cap of $8.24 billion, a P/E ratio of 7.80, a PEG ratio of 1.46 and a beta of 1.28.

Invesco (NYSE:IVZ - Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The asset manager reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.20). The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Invesco had a return on equity of 12.05% and a net margin of 19.67%. The business's revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 EPS. Research analysts anticipate that Invesco will post 2.04 EPS for the current year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 12th will be given a $0.188 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.75 annualized dividend and a dividend yield of 4.15%. Invesco's payout ratio is 32.33%.

Insider Transactions at Invesco

In other Invesco news, major shareholder Mm Asset Management Holding Ll purchased 827,590 shares of Invesco stock in a transaction that occurred on Monday, June 13th. The shares were bought at an average price of $16.08 per share, for a total transaction of $13,307,647.20. Following the completion of the transaction, the insider now owns 80,504,729 shares of the company's stock, valued at approximately $1,294,516,042.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.94% of the company's stock.