Invesco (NYSE:IVZ) Price Target Raised to $19.50

Invesco (NYSE:IVZ) had its target price raised by Wells Fargo & Company from $17.00 to $19.50 in a research report released on Wednesday morning,Benzinga reports. They currently have an underweight rating on the asset manager’s stock.

IVZ has been the topic of a number of other research reports. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Royal Bank of Canada initiated coverage on shares of Invesco in a research note on Tuesday. They set a “sector perform” rating and a $19.00 price objective on the stock. The Goldman Sachs Group lowered their target price on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley decreased their price target on shares of Invesco from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.71.

Invesco Stock Down 0.1 %

Shares of NYSE:IVZ opened at $19.21 on Wednesday. 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 stock has a market cap of $8.63 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 1.18 and a beta of 1.43. The company has a 50 day moving average of $17.73 and a 200-day moving average of $17.32. Invesco has a one year low of $14.16 and a one year high of $19.55.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 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, sell-side analysts forecast that Invesco will post 1.85 earnings per share for the current year.

Invesco Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Avior Wealth Management LLC boosted 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 worth $27,000 after buying an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Invesco during the third quarter valued at approximately $35,000. Allworth Financial LP grew its stake in Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,806 shares in the last quarter. Crews Bank & Trust acquired a new position in shares of Invesco during the 4th quarter worth approximately $44,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Invesco in the 3rd quarter valued at approximately $76,000. Institutional investors own 66.09% of the company’s stock.

About Invesco

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.