Invesco (NYSE:IVZ) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Invesco (NYSE:IVZ) from a sell rating to a hold rating in a report published on Friday morning.

Several other research firms also recently commented on IVZ. The Goldman Sachs Group upped their price target on shares of Invesco from $17.25 to $17.50 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Barclays initiated coverage on shares of Invesco in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Invesco from $16.00 to $16.50 and gave the stock an “underweight” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Finally, Evercore ISI increased their price objective on shares of Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Invesco has an average rating of “Hold” and an average price target of $17.42.

Invesco Stock Performance

Shares of IVZ opened at $18.63 on Friday. Invesco has a 12 month low of $12.48 and a 12 month high of $18.79. The firm has a fifty day simple moving average of $17.03 and a 200 day simple moving average of $16.07. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of -24.84, a PEG ratio of 1.10 and a beta of 1.44. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. Research analysts forecast that Invesco will post 1.66 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 16th were issued a $0.205 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.82 dividend on an annualized basis and a yield of 4.40%. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in Invesco by 22.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock valued at $270,540,000 after buying an additional 3,349,069 shares during the last quarter. Swedbank AB bought a new position in Invesco in the 1st quarter valued at approximately $41,475,000. Bank of New York Mellon Corp raised its holdings in Invesco by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,489,388 shares of the asset manager’s stock valued at $37,241,000 after buying an additional 30,016 shares during the last quarter. AQR Capital Management LLC raised its holdings in Invesco by 19.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,364,232 shares of the asset manager’s stock valued at $35,274,000 after buying an additional 377,786 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Invesco by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager’s stock valued at $24,843,000 after buying an additional 58,332 shares during the last quarter. Institutional investors 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.