Invesco (NYSE:IVZ) Issues Earnings Results

Invesco (NYSE:IVZ) issued its earnings results on Tuesday. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01, Briefing.com reports. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business earned $0.35 EPS. The firm’s quarterly revenue was down 20.8% on a year-over-year basis.

Invesco Stock Up 0.7 %

NYSE:IVZ traded up $0.12 during midday trading on Thursday, hitting $17.62. 2,480,030 shares of the company were exchanged, compared to its average volume of 4,255,081. The company has a fifty day simple moving average of $17.12 and a 200 day simple moving average of $16.10. Invesco has a fifty-two week low of $12.48 and a fifty-two week high of $18.79. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $7.93 billion, a PE ratio of -23.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.65%. Invesco’s dividend payout ratio is currently -109.33%.

Wall Street Analyst Weigh In

Several research firms have weighed in on IVZ. Royal Bank of Canada boosted their target price on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Barclays lifted their target price on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday. Finally, Morgan Stanley lifted their target price on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.38.

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.