Invesco (NYSE:IVZ) Given New $15.00 Price Target at The Goldman Sachs Group

Invesco (NYSE:IVZ - Free Report) had its price target lowered by The Goldman Sachs Group from $17.00 to $15.00 in a research report report published on Monday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the asset manager's stock.

A number of other analysts have also recently weighed in on IVZ. Barclays boosted their target price 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. Keefe, Bruyette & Woods restated a "market perform" rating and set a $20.00 price target (up from $18.00) on shares of Invesco in a report on Wednesday, January 29th. BMO Capital Markets raised their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a report on Wednesday, January 29th. Citigroup reduced their target price on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. Finally, Royal Bank of Canada assumed coverage on shares of Invesco in a research note on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 price target for the company. One investment 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $17.03.

Invesco Price Performance

Shares of NYSE IVZ traded up $0.14 during midday trading on Monday, reaching $12.78. The company's stock had a trading volume of 4,677,331 shares, compared to its average volume of 4,280,237. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The company has a market cap of $5.72 billion, a P/E ratio of 10.83, a P/E/G ratio of 0.98 and a beta of 1.26. The business's 50 day moving average price is $15.41 and its two-hundred day moving average price is $16.99. Invesco has a fifty-two week low of $11.60 and a fifty-two week high of $19.55.

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, beating the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. On average, analysts forecast that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 6.42%. The ex-dividend date of this dividend was Friday, February 14th. Invesco's dividend payout ratio (DPR) is currently 69.49%.

Institutional Trading of Invesco

Several large investors have recently made changes to their positions in IVZ. Vanguard Group Inc. increased its holdings in shares of Invesco by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock valued at $900,127,000 after acquiring an additional 419,389 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Invesco by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock valued at $351,430,000 after purchasing an additional 274,134 shares during the period. Geode Capital Management LLC increased its stake in Invesco by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock valued at $181,281,000 after purchasing an additional 134,726 shares in the last quarter. AQR Capital Management LLC raised its holdings in Invesco by 38.5% during the fourth quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock worth $142,385,000 after buying an additional 2,264,551 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Invesco by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock valued at $111,526,000 after buying an additional 31,854 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

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.