Invesco (NYSE:IVZ - Free Report) had its price objective lowered by The Goldman Sachs Group from $18.50 to $17.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the asset manager's stock.
Other equities research analysts also recently issued research reports about the company. Argus upped their target price on Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their target price on shares of Invesco from $17.00 to $19.50 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th. Barclays lifted their price target 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. Citigroup lowered their target price on Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Finally, Morgan Stanley increased their price target on Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $19.30.
Read Our Latest Stock Analysis on Invesco
Invesco Trading Down 5.3 %
Shares of IVZ stock traded down $0.68 on Thursday, reaching $12.03. 9,187,421 shares of the stock were exchanged, compared to its average volume of 4,165,501. Invesco has a 1-year low of $11.88 and a 1-year high of $19.55. The stock has a market cap of $5.39 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $16.75 and a two-hundred day moving average of $17.34.
Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. On average, research analysts anticipate that Invesco will post 1.87 EPS for the current year.
Invesco Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 6.81%. The ex-dividend date of this dividend was Friday, February 14th. Invesco's dividend payout ratio (DPR) is 69.49%.
Hedge Funds Weigh In On Invesco
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco in the third quarter worth $35,000. Colonial Trust Co SC acquired a new position in Invesco during the 4th quarter valued at about $38,000. Aster Capital Management DIFC Ltd raised its position in shares of Invesco by 180.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock worth $42,000 after buying an additional 1,531 shares in the last quarter. Crews Bank & Trust bought a new position in shares of Invesco in the fourth quarter valued at approximately $44,000. Finally, Versant Capital Management Inc increased its stake in shares of Invesco by 264.1% during the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock valued at $47,000 after acquiring an additional 2,234 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.
About Invesco
(
Get Free Report)
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.
Read More
Before you consider Invesco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco wasn't on the list.
While Invesco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
