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.

Invesco Stock Up 3.1 %

Invesco stock opened at $19.07 on Friday. The stock's fifty day moving average is $17.02 and its two-hundred day moving average is $19.42. The company has a debt-to-equity ratio of 0.71, a current ratio of 4.31 and a quick ratio of 4.31. Invesco has a 1-year low of $15.20 and a 1-year high of $27.03. The stock has a market cap of $8.68 billion, a PE ratio of 8.22, a P/E/G ratio of 1.56 and a beta of 1.28.

Invesco (NYSE:IVZ - Get Rating) last posted its earnings results on Wednesday, July 27th. The asset manager reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.20). Invesco had a return on equity of 12.05% and a net margin of 19.67%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm posted $0.78 EPS. The firm's revenue for the quarter was down 9.9% on a year-over-year basis. On average, sell-side analysts expect that Invesco will post 2.01 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 12th will be given a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Thursday, August 11th. Invesco's dividend payout ratio (DPR) is currently 32.33%.

Analyst Ratings Changes

IVZ has been the subject of a number of recent research reports. Keefe, Bruyette & Woods decreased their target price on Invesco from $21.00 to $18.00 and set a "market perform" rating for the company in a report on Tuesday, June 28th. Morgan Stanley decreased their target price on Invesco from $23.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, June 30th. BMO Capital Markets lowered Invesco from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $25.00 to $20.00 in a report on Monday, June 13th. Citigroup decreased their target price on Invesco from $26.00 to $22.50 in a report on Wednesday, April 27th. Finally, StockNews.com cut Invesco from a "hold" rating to a "sell" rating in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $20.68.

Insider Transactions at Invesco

In other news, major shareholder Mm Asset Management Holding Ll bought 827,590 shares of the business's stock in a transaction dated Monday, June 13th. The shares were acquired 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 $1,294,516,042.32. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.94% of the company's stock.