Analysts Set Invesco Ltd. (NYSE:IVZ) PT at $18.63

Invesco Ltd. (NYSE:IVZ) has earned a consensus recommendation of “Hold” from the twelve analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $18.88.

A number of analysts recently weighed in on IVZ shares. Wells Fargo & Company upped their target price on shares of Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group upped their price target on shares of Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Royal Bank of Canada lifted their price objective on Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their target price on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Evercore ISI lifted their price target on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th.

Hedge Funds Weigh In On Invesco

Institutional investors and hedge funds have recently made changes to their positions in the business. Avior Wealth Management LLC boosted its position in Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after buying an additional 1,285 shares during the period. Family Firm Inc. purchased a new position in shares of Invesco in the second quarter worth $28,000. Sentry Investment Management LLC purchased a new position in shares of Invesco in the second quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new stake in Invesco during the 3rd quarter valued at $35,000. Finally, Allworth Financial LP boosted its position in Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after buying an additional 1,806 shares during the period. Institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

Shares of NYSE IVZ opened at $17.33 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. Invesco has a fifty-two week low of $14.16 and a fifty-two week high of $18.94. The stock has a market cap of $7.79 billion, a PE ratio of -18.84, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The stock has a fifty day moving average of $17.88 and a 200-day moving average of $16.82.

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

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend was Thursday, November 14th. Invesco’s payout ratio is currently -89.13%.

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.