Invesco Ltd. (IVZ) To Go Ex-Dividend on February 14th

Invesco Ltd. (NYSE:IVZ) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.205 per share by the asset manager on Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Friday, February 14th.

Invesco has raised its dividend payment by an average of 7.0% annually over the last three years. Invesco has a payout ratio of 39.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Invesco to earn $2.06 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 39.8%.

Invesco Stock Up 0.2 %

IVZ opened at $18.76 on Wednesday. The business has a 50 day moving average of $17.82 and a 200-day moving average of $17.43. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.06 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco has a 1-year low of $14.16 and a 1-year high of $19.55.

Invesco (NYSE:IVZ) last posted 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 anticipate that Invesco will post 1.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IVZ. TD Cowen reduced their price objective on Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada initiated coverage on Invesco in a research report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 target price for the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $20.00 price target (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. 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 report on Thursday, February 6th. Finally, UBS Group upped their target price on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $19.94.

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.