Analysts Set Invesco Ltd. (NYSE:IVZ) PT at $19.94

Shares of Invesco Ltd. (NYSE:IVZ) have been assigned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $19.94.

A number of brokerages have recently weighed in on IVZ. Morgan Stanley lifted their price target on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Barclays lifted their target price on Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. UBS Group increased their price target on shares of Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Argus raised their price target on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th.

Invesco Price Performance

IVZ stock opened at $15.67 on Wednesday. Invesco has a one year low of $14.16 and a one year high of $19.55. The firm has a 50-day moving average of $17.70 and a two-hundred day moving average of $17.56. The firm has a market capitalization of $7.04 billion, a PE ratio of 13.28, a P/E/G ratio of 0.98 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. On average, analysts forecast that Invesco will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a dividend of $0.205 per share. The ex-dividend date was Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 5.23%. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in Invesco during the third quarter valued at approximately $331,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Invesco by 591.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 82,603 shares of the asset manager’s stock worth $1,451,000 after buying an additional 70,653 shares during the period. State of Alaska Department of Revenue grew its stake in Invesco by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 52,316 shares of the asset manager’s stock valued at $918,000 after buying an additional 3,545 shares during the last quarter. abrdn plc raised its holdings in Invesco by 11.6% in the 3rd quarter. abrdn plc now owns 34,080 shares of the asset manager’s stock worth $595,000 after acquiring an additional 3,529 shares during the period. Finally, Van ECK Associates Corp bought a new position in Invesco in the 3rd quarter worth $2,790,000. 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.