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

Invesco Ltd. (NYSE:IVZ) has been assigned an average recommendation of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $16.98.

A number of analysts have recently issued reports on IVZ shares. StockNews.com downgraded Invesco from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Wells Fargo & Company initiated coverage on shares of Invesco in a research report on Thursday. They set an “underweight” rating and a $16.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Barclays began coverage on shares of Invesco in a report on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 price objective for the company. Finally, Evercore ISI increased their target price on Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research note on Tuesday, August 20th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of Invesco by 90.1% in the fourth quarter. Victory Capital Management Inc. now owns 147,161 shares of the asset manager’s stock valued at $2,625,000 after acquiring an additional 69,754 shares during the period. Charles Schwab Investment Management Inc. raised its position in Invesco by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,034,956 shares of the asset manager’s stock valued at $71,984,000 after purchasing an additional 136,582 shares during the last quarter. Teacher Retirement System of Texas raised its position in Invesco by 53.3% during the 4th quarter. Teacher Retirement System of Texas now owns 40,768 shares of the asset manager’s stock valued at $727,000 after purchasing an additional 14,183 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Invesco by 0.6% in the 4th quarter. BNP Paribas Financial Markets now owns 589,173 shares of the asset manager’s stock worth $10,511,000 after buying an additional 3,353 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Invesco by 23.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,798,051 shares of the asset manager’s stock worth $246,163,000 after buying an additional 2,592,039 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Trading Up 0.9 %

Shares of Invesco stock opened at $16.01 on Wednesday. The company’s 50-day moving average price is $16.38 and its 200-day moving average price is $15.78. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68. Invesco has a 12-month low of $12.48 and a 12-month high of $18.28. The company has a market cap of $7.20 billion, a price-to-earnings ratio of -21.35, a PEG ratio of 1.09 and a beta of 1.44.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. On average, equities analysts expect that Invesco will post 1.65 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend was Friday, August 16th. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

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.