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

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

A number of research firms have commented on IVZ. BMO Capital Markets increased their price target on Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a research note on Wednesday, January 29th. Argus increased their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Morgan Stanley boosted their target price on shares of Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. 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 report on Wednesday, January 29th. Finally, UBS Group boosted their price objective on shares of Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a report on Monday, February 3rd.

Invesco Stock Down 0.5 %

Shares of NYSE IVZ traded down $0.09 during trading hours on Wednesday, hitting $15.67. 7,188,891 shares of the stock were exchanged, compared to its average volume of 4,386,184. Invesco has a 12 month low of $14.16 and a 12 month high of $19.55. The firm has a fifty day moving average price of $17.70 and a 200-day moving average price of $17.56. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The company has a market cap of $7.04 billion, a PE ratio of 13.28, a PEG ratio of 0.98 and a beta of 1.43.

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Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. On average, sell-side analysts expect that Invesco will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend was Friday, February 14th. Invesco's dividend payout ratio is currently 69.49%.

Institutional Investors Weigh In On Invesco

Several hedge funds have recently bought and sold shares of IVZ. Avior Wealth Management LLC lifted its stake in shares of Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock valued at $27,000 after purchasing an additional 1,285 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco in the third quarter worth about $35,000. Colonial Trust Co SC purchased a new stake in shares of Invesco during the 4th quarter worth about $38,000. Aster Capital Management DIFC Ltd grew its position in shares of Invesco by 180.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock valued at $42,000 after acquiring an additional 1,531 shares during the period. Finally, Crews Bank & Trust purchased a new position in shares of Invesco in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 66.09% of the company's stock.

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.