Invesco (NYSE:IVZ) Sets New 52-Week Low Following Analyst Downgrade

Invesco Ltd. (NYSE:IVZ - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday after The Goldman Sachs Group lowered their price target on the stock from $18.50 to $17.00. The Goldman Sachs Group currently has a neutral rating on the stock. Invesco traded as low as $13.92 and last traded at $13.97, with a volume of 1943858 shares trading hands. The stock had previously closed at $15.69.

Several other equities analysts also recently commented on the stock. 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 report on Thursday, February 6th. Argus increased their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted their target price on Invesco from $17.00 to $19.50 and gave the stock an "underweight" rating in a report on Wednesday, January 29th. UBS Group increased their price target on Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, TD Cowen cut their price target on Invesco from $20.00 to $19.00 and set a "buy" rating for the company in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $19.30.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IVZ. Norges Bank purchased a new position in Invesco during the 4th quarter valued at $57,459,000. AQR Capital Management LLC boosted its stake in shares of Invesco by 38.5% during the fourth quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock valued at $142,385,000 after purchasing an additional 2,264,551 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Invesco by 2,385.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager's stock valued at $29,301,000 after purchasing an additional 1,642,645 shares during the period. Amundi grew its holdings in shares of Invesco by 124.6% in the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager's stock worth $45,424,000 after purchasing an additional 1,472,178 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Invesco by 58.6% in the 4th quarter. Deutsche Bank AG now owns 3,334,598 shares of the asset manager's stock worth $58,289,000 after buying an additional 1,232,359 shares during the period. Hedge funds and other institutional investors own 66.09% of the company's stock.

Invesco Stock Down 2.6 %

The company has a market cap of $5.54 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. 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 business's fifty day moving average is $16.75 and its two-hundred day moving average is $17.34.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating 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%. Equities analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a dividend of $0.205 per share. The ex-dividend date was Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 6.62%. 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.