BMO Capital Markets Issues Positive Forecast for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its price target lifted by BMO Capital Markets from $19.00 to $21.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a market perform rating on the asset manager’s stock.

Several other equities analysts also recently weighed in on IVZ. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Evercore ISI lifted their price objective on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their target price on Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. decreased their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.71.

Invesco Price Performance

Shares of NYSE:IVZ opened at $19.21 on Wednesday. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 1.18 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. The business’s 50 day simple moving average is $17.73 and its 200-day simple moving average is $17.32. Invesco has a 12 month low of $14.16 and a 12 month high of $19.55.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, equities analysts forecast that Invesco will post 1.85 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.27%. Invesco’s payout ratio is 69.49%.

Hedge Funds Weigh In On Invesco

A number of large investors have recently bought and sold shares of the stock. Avior Wealth Management LLC grew its stake in shares of Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after buying an additional 1,285 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Invesco in the third quarter valued at $35,000. Allworth Financial LP grew its position in Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 1,806 shares during the period. Crews Bank & Trust acquired a new stake in Invesco during the fourth quarter worth about $44,000. Finally, Truvestments Capital LLC purchased a new position in shares of Invesco in the 3rd quarter worth about $76,000. Hedge funds and other 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.