UBS Group Increases Invesco (NYSE:IVZ) Price Target to $21.00

Invesco (NYSE:IVZ - Free Report) had its price target boosted by UBS Group from $17.00 to $21.00 in a report published on Monday,Benzinga reports. They currently have a neutral rating on the asset manager's stock.

Several other brokerages have also recently commented on IVZ. Argus increased their target price on Invesco from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 price target (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company raised their price objective on shares of Invesco from $17.00 to $19.50 and gave the stock an "underweight" rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada assumed coverage on Invesco in a research report on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 price target for the company. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Invesco has a consensus rating of "Hold" and a consensus target price of $19.94.

Invesco Trading Up 2.3 %

NYSE IVZ traded up $0.43 on Monday, hitting $19.16. 3,831,586 shares of the company were exchanged, compared to its average volume of 4,424,302. Invesco has a twelve month low of $14.16 and a twelve month high of $19.55. The company's 50 day moving average price is $17.75 and its 200-day moving average price is $17.37. The firm has a market capitalization of $8.61 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping 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%. Analysts predict that Invesco will post 1.85 earnings per share for the current fiscal year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a dividend of $0.205 per share. The ex-dividend date is Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 4.28%. Invesco's payout ratio is 69.49%.

Hedge Funds Weigh In On Invesco

A number of institutional investors and hedge funds have recently modified their holdings of the company. Fisher Asset Management LLC boosted its position in shares of Invesco by 2.0% in the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager's stock worth $79,738,000 after purchasing an additional 87,405 shares during the period. Massachusetts Mutual Life Insurance Co. bought a new stake in shares of Invesco in the 3rd quarter valued at approximately $1,428,196,000. Algert Global LLC bought a new position in Invesco during the second quarter valued at $551,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Invesco by 1.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager's stock worth $1,378,000 after acquiring an additional 1,020 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Invesco during the 3rd quarter valued at about $853,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

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.