Invesco Ltd. (NYSE:IVZ) Given Consensus Rating of "Hold" by Analysts

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have been assigned a consensus rating of "Hold" from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $19.94.

IVZ has been the topic of several recent research reports. Barclays upped their price objective on shares of Invesco from $18.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $20.00 price target (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Wells Fargo & Company boosted their target price on Invesco from $17.00 to $19.50 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th. Royal Bank of Canada began coverage on Invesco in a report on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their target price on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th.

Invesco Trading Up 0.2 %

IVZ traded up $0.05 during trading on Friday, reaching $18.76. 3,097,004 shares of the company's stock were exchanged, compared to its average volume of 4,375,611. The firm has a fifty day moving average price of $17.82 and a two-hundred day moving average price of $17.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco has a one year low of $14.16 and a one year high of $19.55. The stock has a market capitalization of $8.43 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating the consensus estimate 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, equities research analysts forecast that Invesco will post 1.85 earnings per share for the current fiscal year.

Invesco Dividend Announcement

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 issued a $0.205 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.37%. Invesco's payout ratio is 69.49%.

Hedge Funds Weigh In On Invesco

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Avior Wealth Management LLC boosted its holdings in shares of Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock worth $27,000 after purchasing an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco in the 3rd quarter worth about $35,000. Allworth Financial LP boosted its position in Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager's stock valued at $42,000 after purchasing an additional 1,806 shares during the period. Crews Bank & Trust bought a new stake in shares of Invesco during the fourth quarter valued at approximately $44,000. Finally, Assetmark Inc. increased its stake in shares of Invesco by 381.5% during the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after acquiring an additional 2,770 shares during the period. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

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.