Invesco Ltd. (NYSE:IVZ – Get Free Report) announced a quarterly dividend on Tuesday, October 22nd, RTT News reports. Stockholders of record on Thursday, November 14th will be given a dividend of 0.205 per share by the asset manager on Tuesday, December 3rd. This represents a $0.82 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Thursday, November 14th.
Invesco has increased its dividend by an average of 0.5% per year over the last three years. Invesco has a dividend payout ratio of 44.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Invesco to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 44.3%.
Invesco Stock Performance
IVZ opened at $18.04 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of -24.05, a PEG ratio of 1.10 and a beta of 1.44. The company has a fifty day moving average of $17.10 and a 200 day moving average of $16.09. Invesco has a fifty-two week low of $12.48 and a fifty-two week high of $18.79.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday. Evercore ISI lifted their target price on Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a report on Tuesday, August 20th. Royal Bank of Canada increased their price target on Invesco from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. JPMorgan Chase & Co. lifted their price objective on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.88.
Check Out Our Latest Stock Report on IVZ
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.
Recommended Stories
- Five stocks we like better than Invesco
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Short Sellers Eye Palantir: Should You Buy the Dip?
- 3 Small Caps With Big Return Potential
- Is This NVIDIA Backed Robotics Stock a Buy As It Nears Expansion?
- Want to Profit on the Downtrend? Downtrends, Explained.
- Bet on These 3 High-Yield Stocks as Natural Gas Demand Grows
Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.