Invesco Ltd. (NYSE:IVZ) Receives $18.63 Consensus PT from Brokerages

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have been assigned an average recommendation of "Hold" from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $18.88.

Several equities analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Invesco from $16.50 to $17.50 and gave the company an "underweight" rating in a report on Wednesday, October 23rd. Barclays boosted their price objective on Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on Invesco from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted their price target on Invesco from $18.00 to $19.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Finally, Evercore ISI increased their price objective on shares of Invesco from $19.00 to $20.00 and gave the company an "in-line" rating in a research report on Thursday, November 7th.

Institutional Trading of Invesco

A number of institutional investors and hedge funds have recently made changes to their positions in IVZ. Avior Wealth Management LLC grew its stake in Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock worth $27,000 after buying an additional 1,285 shares during the last quarter. Family Firm Inc. bought a new position in shares of Invesco during the second quarter worth about $28,000. Sentry Investment Management LLC acquired a new stake in shares of Invesco in the 2nd quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new stake in Invesco in the 3rd quarter valued at about $35,000. Finally, Allworth Financial LP lifted its position in Invesco by 304.0% in 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 last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trading Up 3.3 %

NYSE:IVZ traded up $0.55 on Friday, hitting $17.33. 8,594,831 shares of the stock were exchanged, compared to its average volume of 4,121,861. The stock has a market cap of $7.79 billion, a PE ratio of -18.84, a PEG ratio of 1.06 and a beta of 1.43. Invesco has a fifty-two week low of $14.16 and a fifty-two week high of $18.94. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average of $17.88 and a 200-day moving average of $16.80.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.35 earnings per share. Invesco's revenue for the quarter was down 20.8% compared to the same quarter last year. As a group, equities analysts expect that Invesco will post 1.69 earnings per share for the current fiscal year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date was Thursday, November 14th. Invesco's dividend payout ratio is presently -89.13%.

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.