Invesco (NYSE:IVZ) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Invesco (NYSE:IVZ - Get Free Report) released its quarterly earnings data on Tuesday. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05, Zacks reports. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company posted $0.33 earnings per share.

Invesco Stock Down 1.0 %

Shares of IVZ stock traded down $0.14 during trading hours on Friday, hitting $13.93. 6,258,182 shares of the company were exchanged, compared to its average volume of 4,307,181. The company has a market capitalization of $6.24 billion, a PE ratio of 11.81, a PEG ratio of 0.98 and a beta of 1.26. Invesco has a 52 week low of $11.60 and a 52 week high of $19.55. The business has a 50 day moving average of $14.92 and a two-hundred day moving average of $16.85. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a yield of 6.03%. This is a positive change from Invesco's previous quarterly dividend of $0.21. Invesco's payout ratio is presently 67.20%.

Analysts Set New Price Targets

A number of equities analysts have commented on IVZ shares. Barclays boosted their price target on shares of Invesco from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Wednesday. Royal Bank of Canada began coverage on Invesco in a report on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 target price on the stock. Evercore ISI increased their price objective on shares of Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Wednesday. UBS Group upped their target price on shares of Invesco from $17.00 to $21.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, Argus upped their price objective on Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Invesco presently has an average rating of "Hold" and a consensus price target of $17.25.

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.