Barclays Raises Invesco (NYSE:IVZ) Price Target to $20.00

Invesco (NYSE:IVZ) had its target price hoisted by Barclays from $18.00 to $20.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the asset manager’s stock.

A number of other equities research analysts have also recently commented on IVZ. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Evercore ISI boosted their price target on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. decreased their target price on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.71.

Invesco Stock Down 0.1 %

Invesco stock opened at $19.21 on Wednesday. The company has a market capitalization of $8.63 billion, a PE ratio of 16.28, a PEG ratio of 1.18 and a beta of 1.43. Invesco has a 12-month low of $14.16 and a 12-month high of $19.55. The firm’s fifty day moving average is $17.73 and its 200 day moving average is $17.32. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last announced its quarterly earnings data 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 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 EPS for the current fiscal year.

Invesco Announces Dividend

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

Institutional Trading of Invesco

A number of large investors have recently added to or reduced their stakes in the stock. Harmony Asset Management LLC grew its position in shares of Invesco by 1.0% during the 3rd quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock valued at $1,078,000 after acquiring an additional 600 shares during the period. D.A. Davidson & CO. grew its holdings in Invesco by 1.5% during the fourth quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager’s stock valued at $816,000 after purchasing an additional 677 shares during the period. Centennial Wealth Advisory LLC increased its position in Invesco by 4.5% in the third quarter. Centennial Wealth Advisory LLC now owns 19,095 shares of the asset manager’s stock worth $335,000 after buying an additional 816 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco by 1.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock valued at $1,001,000 after buying an additional 946 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Invesco by 1.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock valued at $1,378,000 after buying an additional 1,020 shares during 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.