Invesco Ltd. (NYSE:IVZ) Receives $18.63 Consensus PT from Brokerages

Shares of Invesco Ltd. (NYSE:IVZ) have earned a consensus rating of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $18.63.

A number of equities research analysts recently weighed in on IVZ shares. JPMorgan Chase & Co. upped 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. The Goldman Sachs Group increased their price objective on shares of Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. UBS Group increased their price objective on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their price objective on shares of Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd.

Invesco Stock Performance

Shares of IVZ opened at $18.04 on Monday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $8.11 billion, a P/E ratio of -19.66, a price-to-earnings-growth ratio of 1.05 and a beta of 1.44. The firm’s fifty day simple moving average is $17.71 and its two-hundred day simple moving average is $16.55. Invesco has a 12 month low of $13.53 and a 12 month high of $18.94.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. As a group, analysts predict that Invesco will post 1.69 EPS for the current year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.55%. The ex-dividend date is Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in Invesco by 136.2% in the 3rd quarter. Franklin Resources Inc. now owns 127,777 shares of the asset manager’s stock valued at $2,265,000 after purchasing an additional 73,671 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Invesco in the 3rd quarter worth $35,000. Sanctuary Advisors LLC raised its position in Invesco by 255.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 39,784 shares of the asset manager’s stock worth $706,000 after purchasing an additional 28,584 shares during the period. Geode Capital Management LLC raised its position in Invesco by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock worth $179,666,000 after purchasing an additional 93,126 shares during the period. Finally, Barclays PLC raised its position in Invesco by 1.5% in the 3rd quarter. Barclays PLC now owns 2,364,174 shares of the asset manager’s stock worth $41,516,000 after purchasing an additional 35,031 shares during the period. 66.09% of the stock is owned by institutional investors.

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.