Evercore ISI Lowers Invesco (NYSE:IVZ) Price Target to $13.00

Invesco (NYSE:IVZ - Free Report) had its price objective decreased by Evercore ISI from $18.00 to $13.00 in a research note published on Friday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the asset manager's stock.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. reduced their price target on Invesco from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. The Goldman Sachs Group lowered their price target on Invesco from $18.50 to $17.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Morgan Stanley raised their price objective on Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $20.00 price target (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Finally, Argus boosted their price objective on shares of Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $17.30.

Invesco Price Performance

Shares of NYSE IVZ traded down $0.45 during trading on Friday, reaching $12.63. The company had a trading volume of 2,260,040 shares, compared to its average volume of 4,251,377. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $5.65 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. Invesco has a twelve month low of $11.60 and a twelve month high of $19.55. The stock has a 50-day moving average price of $15.77 and a two-hundred day moving average price of $17.09.

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

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a $0.205 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.49%. Invesco's payout ratio is currently 69.49%.

Institutional Investors Weigh In On Invesco

Institutional investors and hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco during the third quarter valued at approximately $35,000. Colonial Trust Co SC bought a new stake in Invesco in the fourth quarter valued at $38,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of Invesco by 180.5% during the fourth 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. Crews Bank & Trust bought a new position in shares of Invesco during the fourth quarter worth about $44,000. Finally, Versant Capital Management Inc increased its stake in shares of Invesco by 264.1% in the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock valued at $47,000 after purchasing an additional 2,234 shares during the period. Institutional investors and hedge funds own 66.09% of the company's stock.

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.