Invesco’s (IVZ) Market Perform Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of Invesco (NYSE:IVZ) in a research note published on Wednesday,Benzinga reports. The firm currently has a $20.00 price objective on the asset manager’s stock, up from their prior price objective of $18.00.

Several other equities research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada started coverage on Invesco in a report on Tuesday. They issued a “sector perform” rating and a $19.00 price objective for the company. UBS Group lifted their target price on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. TD Cowen decreased their price target on Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Barclays lifted their price objective on Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.71.

Invesco Stock Performance

Shares of Invesco stock opened at $19.21 on Wednesday. The company’s 50 day moving average price is $17.73 and its two-hundred day moving average price is $17.32. The firm has a market capitalization of $8.63 billion, a P/E ratio of 16.28, a P/E/G ratio of 1.18 and a beta of 1.43. Invesco has a fifty-two week low of $14.16 and a fifty-two week 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.

Invesco (NYSE:IVZ) last released 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 return on equity of 8.18% and a net margin of 12.77%. On average, equities analysts forecast that Invesco will post 1.85 earnings per share for the current fiscal year.

Invesco Dividend Announcement

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

Hedge Funds Weigh In On Invesco

Several institutional investors have recently made changes to their positions in IVZ. Massachusetts Mutual Life Insurance Co. bought a new stake in Invesco in the 3rd quarter valued at about $1,428,196,000. Azora Capital LP bought a new stake in shares of Invesco during the third quarter valued at approximately $27,289,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Invesco by 131.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock worth $15,982,000 after purchasing an additional 516,622 shares in the last quarter. Algert Global LLC grew its holdings in shares of Invesco by 1,207.8% during the third quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock valued at $8,451,000 after buying an additional 444,470 shares during the last quarter. Finally, Vontobel Holding Ltd. bought a new stake in Invesco during the 3rd quarter worth approximately $4,889,000. Institutional investors and hedge funds 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.