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

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have been given a consensus rating of "Hold" by the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.38.

Several research analysts have weighed in on the stock. Morgan Stanley upped their target price on shares of Invesco from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Royal Bank of Canada upped their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group increased their price target on shares of Invesco from $17.50 to $19.50 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company increased their price target on shares of Invesco from $16.50 to $17.50 and gave the company an "underweight" rating in a research report on Wednesday, October 23rd. Finally, Barclays increased their price target on shares of Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd.

Hedge Funds Weigh In On Invesco

A number of large investors have recently bought and sold shares of the stock. Family Firm Inc. acquired a new stake in shares of Invesco in the second quarter worth $28,000. Sentry Investment Management LLC acquired a new stake in shares of Invesco in the second quarter worth $30,000. Allworth Financial LP increased its position in shares of Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager's stock worth $42,000 after acquiring an additional 1,806 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Invesco in the first quarter worth $52,000. Finally, Abich Financial Wealth Management LLC increased its position in shares of Invesco by 50.0% in the first quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager's stock worth $60,000 after acquiring an additional 1,210 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

Invesco Price Performance

IVZ traded down $0.47 on Thursday, hitting $17.34. 4,313,288 shares of the company were exchanged, compared to its average volume of 4,225,301. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.80 and a current ratio of 5.80. The business's fifty day moving average is $17.23 and its 200 day moving average is $16.16. Invesco has a fifty-two week low of $12.68 and a fifty-two week high of $18.79. The firm has a market capitalization of $7.80 billion, a P/E ratio of -18.85, a price-to-earnings-growth ratio of 1.04 and a beta of 1.44.

Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.01%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business posted $0.35 earnings per share. The firm's revenue for the quarter was down 20.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Invesco will post 1.67 EPS for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco's dividend payout ratio is currently -89.13%.

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.