Invesco Ltd. (NYSE:IVZ) Receives $19.94 Average Target Price from Analysts

Shares of Invesco Ltd. (NYSE:IVZ) have earned a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $19.94.

A number of brokerages recently weighed in on IVZ. JPMorgan Chase & Co. reduced their price target on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. UBS Group upped their target price on Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Barclays lifted their price target on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. TD Cowen decreased their price objective on Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Finally, Argus lifted their target price on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, January 29th.

Invesco Trading Up 0.3 %

NYSE:IVZ opened at $18.48 on Friday. Invesco has a 1 year low of $14.16 and a 1 year high of $19.55. The stock has a market cap of $8.31 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The stock has a 50-day simple moving average of $17.85 and a 200-day simple moving average of $17.45.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, analysts anticipate that Invesco will post 1.85 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.44%. The ex-dividend date is Friday, February 14th. Invesco’s payout ratio is 69.49%.

Institutional Trading of Invesco

Institutional investors have recently modified their holdings of the business. Avior Wealth Management LLC lifted its holdings in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 1,285 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Invesco during the third quarter worth about $35,000. Allworth Financial LP grew its position in Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after buying an additional 1,806 shares during the period. Aster Capital Management DIFC Ltd increased its holdings in Invesco by 180.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock valued at $42,000 after buying an additional 1,531 shares in the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of Invesco during the 4th quarter valued at approximately $44,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

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.