Invesco Ltd. (NYSE:IVZ) Receives Average Recommendation of "Hold" from Analysts

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have been assigned a consensus rating of "Hold" from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $18.63.

A number of research analysts have recently weighed in on IVZ shares. UBS Group raised their target price on Invesco from $17.50 to $19.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. The Goldman Sachs Group upped their target price on shares of Invesco from $17.50 to $19.50 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Evercore ISI boosted their price target on shares of Invesco from $19.00 to $20.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Wells Fargo & Company increased their price objective on shares of Invesco from $16.50 to $17.50 and gave the company an "underweight" rating in a research note on Wednesday, October 23rd. Finally, StockNews.com upgraded Invesco from a "sell" rating to a "hold" rating in a research note on Friday, October 18th.

Institutional Trading of Invesco

A number of institutional investors have recently added to or reduced their stakes in IVZ. Harmony Asset Management LLC increased its position in shares of Invesco by 1.0% during the third quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager's stock valued at $1,078,000 after buying an additional 600 shares during the period. Centennial Wealth Advisory LLC lifted its stake in Invesco by 3.8% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager's stock worth $273,000 after purchasing an additional 669 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco by 1.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager's stock valued at $1,001,000 after purchasing an additional 946 shares during the period. Fifth Third Bancorp grew its position in shares of Invesco by 6.1% during the 2nd quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager's stock valued at $249,000 after purchasing an additional 963 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Invesco by 11.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 9,471 shares of the asset manager's stock worth $155,000 after purchasing an additional 1,010 shares during the period. Hedge funds and other institutional investors own 66.09% of the company's stock.

Invesco Price Performance

Shares of IVZ traded up $0.41 during trading hours on Monday, reaching $18.15. The stock had a trading volume of 4,412,813 shares, compared to its average volume of 4,181,038. The firm has a 50-day simple moving average of $17.65 and a 200 day simple moving average of $16.51. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. Invesco has a 12 month low of $13.53 and a 12 month high of $18.94.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the company earned $0.35 earnings per share. The business's revenue was down 20.8% on a year-over-year basis. On average, equities research analysts expect that Invesco will post 1.69 EPS for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.52%. Invesco's payout ratio is -89.13%.

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.