Invesco Ltd. (NYSE:IVZ) Given Consensus Rating of “Hold” by Brokerages

Shares of Invesco Ltd. (NYSE:IVZ) have earned an average recommendation of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $19.94.

IVZ has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Evercore ISI raised their price objective on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Morgan Stanley raised their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $20.00 price objective (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Finally, StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th.

Invesco Price Performance

Shares of NYSE:IVZ opened at $18.29 on Friday. Invesco has a 12 month low of $14.16 and a 12 month high of $19.55. 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 firm has a market capitalization of $8.22 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.06 and a beta of 1.43. The company’s fifty day moving average price is $17.82 and its 200 day moving average price is $17.44.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, sell-side analysts predict that Invesco will post 1.85 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Friday, February 14th. Invesco’s dividend payout ratio is currently 69.49%.

Institutional Trading of Invesco

Institutional investors have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC boosted its holdings in Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after buying an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Invesco during the third quarter worth about $35,000. Allworth Financial LP boosted its holdings in Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after buying an additional 1,806 shares in the last quarter. Crews Bank & Trust purchased a new stake in Invesco during the fourth quarter worth about $44,000. Finally, Assetmark Inc. boosted its holdings in Invesco by 381.5% during the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after buying an additional 2,770 shares in the last quarter. 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.