Invesco (NYSE:IVZ) Issues Earnings Results

Invesco (NYSE:IVZ) released its quarterly earnings results on Tuesday. The asset manager reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01, Zacks reports. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%.

Invesco Stock Up 0.8 %

Shares of NYSE IVZ opened at $17.77 on Tuesday. The firm has a market cap of $7.98 billion, a P/E ratio of -19.31, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. Invesco has a 1 year low of $14.16 and a 1 year high of $18.94. The firm’s 50 day moving average price is $17.60 and its 200 day moving average price is $17.25.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.62%. Invesco’s dividend payout ratio is presently -89.13%.

Analyst Ratings Changes

Several brokerages have recently weighed in on IVZ. The Goldman Sachs Group lowered their target price on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Evercore ISI raised their price target on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. UBS Group upped their price objective on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their target price on Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.71.

Invesco Company Profile

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.