Invesco (NYSE:IVZ) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Invesco (NYSE:IVZ) had its price target upped by Deutsche Bank Aktiengesellschaft from $18.00 to $19.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a hold rating on the asset manager’s stock.

A number of other analysts have also weighed in on IVZ. JPMorgan Chase & Co. increased their target price on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Evercore ISI lifted their price objective on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. UBS Group boosted their price objective on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada raised their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.63.

Invesco Price Performance

Shares of Invesco stock opened at $17.74 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. Invesco has a one year low of $13.53 and a one year high of $18.94. The business’s 50 day simple moving average is $17.45 and its two-hundred day simple moving average is $16.37. The stock has a market capitalization of $7.97 billion, a P/E ratio of -19.28, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The firm’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 earnings per share. Analysts forecast that Invesco will post 1.69 EPS for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be issued 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 dividend yield of 4.62%. Invesco’s payout ratio is -89.13%.

Institutional Investors Weigh In On Invesco

Hedge funds have recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp boosted its stake in Invesco by 4.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 103,613 shares of the asset manager’s stock worth $1,719,000 after purchasing an additional 4,491 shares in the last quarter. Swiss National Bank grew its holdings in shares of Invesco by 0.4% during the first quarter. Swiss National Bank now owns 665,700 shares of the asset manager’s stock valued at $11,044,000 after buying an additional 2,600 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Invesco during the first quarter valued at approximately $194,000. QRG Capital Management Inc. raised its holdings in Invesco by 10.5% in the 1st quarter. QRG Capital Management Inc. now owns 97,629 shares of the asset manager’s stock worth $1,620,000 after acquiring an additional 9,312 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Invesco by 152.4% in the 1st quarter. Russell Investments Group Ltd. now owns 54,637 shares of the asset manager’s stock valued at $906,000 after acquiring an additional 32,989 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

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.