Invesco Ltd. (NYSE:IVZ) Receives $19.94 Consensus Target Price from Brokerages

Shares of Invesco Ltd. (NYSE:IVZ) have received a consensus recommendation of “Hold” from the fifteen research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $19.30.

Several analysts have issued reports on the company. Keefe, Bruyette & Woods restated a “market perform” rating and set a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Argus upped their price target on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Bank of America decreased their price objective on shares of Invesco from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday. Morgan Stanley boosted their target price on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Citigroup reduced their price target on shares of Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday.

Hedge Funds Weigh In On Invesco

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its position in Invesco by 4.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager’s stock worth $45,684,000 after acquiring an additional 113,451 shares during the period. Proficio Capital Partners LLC acquired a new stake in Invesco in the fourth quarter worth about $735,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Invesco in the 4th quarter valued at about $424,000. Massachusetts Mutual Life Insurance Co. bought a new position in Invesco in the 3rd quarter valued at about $1,428,196,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Invesco by 41.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager’s stock valued at $867,000 after buying an additional 14,489 shares during the period. 66.09% of the stock is owned by institutional investors.

Invesco Trading Down 12.0 %

IVZ opened at $13.81 on Friday. Invesco has a 12-month low of $13.74 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 stock has a market capitalization of $6.18 billion, a PE ratio of 11.70, a P/E/G ratio of 0.98 and a beta of 1.43. The firm’s fifty day moving average price is $16.94 and its 200 day moving average price is $17.39.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts expect that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were issued a dividend of $0.205 per share. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.94%. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

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.