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

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have been given an average rating of "Hold" by the twelve brokerages that are presently covering the company, Marketbeat 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 12 month target price among brokers that have issued a report on the stock in the last year is $18.79.

A number of brokerages have recently issued reports on IVZ. The Goldman Sachs Group cut their price target on Invesco from $19.25 to $19.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Barclays upped their price target on Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 23rd. Royal Bank of Canada boosted their target price on Invesco from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods decreased their price target on Invesco from $19.00 to $18.00 and set a "market perform" rating for the company in a research note on Friday, December 20th. Finally, Morgan Stanley boosted their price target on Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, December 20th.

Invesco Trading Up 1.0 %

Shares of IVZ stock traded up $0.16 on Tuesday, reaching $16.58. 3,712,688 shares of the company's stock were exchanged, compared to its average volume of 2,968,611. The company's fifty day simple moving average is $17.73 and its 200 day simple moving average is $17.10. The stock has a market capitalization of $7.45 billion, a PE ratio of -18.02, a P/E/G ratio of 1.05 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco has a 52 week low of $14.16 and a 52 week high of $18.94.

Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results 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. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business's revenue was down 20.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 earnings per share. As a group, analysts forecast that Invesco will post 1.7 EPS for the current year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were issued a $0.205 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.95%. Invesco's dividend payout ratio (DPR) is presently -89.13%.

Hedge Funds Weigh In On Invesco

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in shares of Invesco by 2.9% during the 2nd quarter. Victory Capital Management Inc. now owns 135,335 shares of the asset manager's stock worth $2,025,000 after acquiring an additional 3,873 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Invesco by 22.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 18,087 shares of the asset manager's stock worth $271,000 after purchasing an additional 3,293 shares during the period. Dimensional Fund Advisors LP boosted its position in Invesco by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager's stock worth $270,540,000 after purchasing an additional 3,349,069 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Invesco by 3.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 62,098 shares of the asset manager's stock valued at $965,000 after purchasing an additional 1,937 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Invesco by 4.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 43,898 shares of the asset manager's stock valued at $655,000 after buying an additional 1,742 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

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.