Invesco Ltd. (NYSE:IVZ) Receives $19.94 Average Price Target from Brokerages

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have earned a consensus rating of "Hold" from the fourteen brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $19.66.

A number of brokerages have commented on IVZ. Barclays raised their price target on shares of Invesco from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group raised their target price on Invesco from $19.00 to $20.75 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Royal Bank of Canada began coverage on Invesco in a research report on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 price target on the stock. Morgan Stanley lifted their price objective on Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th.

Institutional Investors Weigh In On Invesco

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Massachusetts Mutual Life Insurance Co. bought a new position in Invesco in the third quarter valued at about $1,428,196,000. Vanguard Group Inc. lifted its position in Invesco by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock valued at $900,127,000 after purchasing an additional 419,389 shares during the period. State Street Corp boosted its stake in shares of Invesco by 0.7% in the 3rd quarter. State Street Corp now owns 21,060,533 shares of the asset manager's stock valued at $369,823,000 after purchasing an additional 151,408 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Invesco by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after buying an additional 274,134 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Invesco by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after buying an additional 134,726 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

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Invesco Stock Performance

Invesco stock traded up $0.54 during trading hours on Friday, hitting $15.73. The stock had a trading volume of 6,157,120 shares, compared to its average volume of 4,073,366. The company has a 50-day moving average of $17.02 and a two-hundred day moving average of $17.41. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco has a fifty-two week low of $14.16 and a fifty-two week high of $19.55. The company has a market cap of $7.04 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43.

Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping 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%. On average, equities research analysts anticipate that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend was Friday, February 14th. Invesco's dividend payout ratio (DPR) is presently 69.49%.

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.