Invesco (NYSE:IVZ) Price Target Cut to $14.50 by Analysts at Wells Fargo & Company

Invesco (NYSE:IVZ - Free Report) had its price target cut by Wells Fargo & Company from $19.50 to $14.50 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an underweight rating on the asset manager's stock.

IVZ has been the topic of several other reports. TD Cowen cut their price target on shares of Invesco from $20.00 to $19.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Barclays raised their price objective on Invesco from $18.00 to $20.00 and gave the company an "equal weight" rating in a research 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 note on Wednesday, January 29th. Royal Bank of Canada began coverage on Invesco in a report on Tuesday, January 28th. They set a "sector perform" rating and a $19.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price target on Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $18.10.

Invesco Trading Up 0.5 %

Shares of NYSE:IVZ traded up $0.07 during trading on Tuesday, reaching $12.76. The company's stock had a trading volume of 7,808,107 shares, compared to its average volume of 4,236,118. Invesco has a 12 month low of $11.60 and a 12 month high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm's 50 day simple moving average is $16.01 and its two-hundred day simple moving average is $17.15. The stock has a market capitalization of $5.71 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26.

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 (EPS) 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%. On average, research analysts predict that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date of this dividend was Friday, February 14th. Invesco's dividend payout ratio is presently 69.49%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors boosted its stake in shares of Invesco by 131.3% during the 3rd quarter. Captrust Financial Advisors now owns 56,214 shares of the asset manager's stock valued at $987,000 after buying an additional 31,908 shares during the last quarter. Verition Fund Management LLC lifted its position in Invesco by 83.3% in the 3rd quarter. Verition Fund Management LLC now owns 49,238 shares of the asset manager's stock worth $865,000 after buying an additional 22,377 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Invesco during the third quarter valued at about $283,000. State Street Corp lifted its position in shares of Invesco by 0.7% during the 3rd quarter. State Street Corp now owns 21,060,533 shares of the asset manager's stock worth $369,823,000 after purchasing an additional 151,408 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Invesco in the third quarter valued at $267,000. Institutional investors and hedge funds own 66.09% of the company's stock.

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.