Invesco Ltd. (NYSE:IVZ) Receives $17.38 Consensus Target Price from Analysts

Shares of Invesco Ltd. (NYSE:IVZ) have earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $17.38.

Several equities research analysts have issued reports on the stock. Royal Bank of Canada lifted their target price on shares of Invesco from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Thursday, January 18th. TheStreet lowered shares of Invesco from a “b-” rating to a “c” rating in a report on Friday, February 23rd. Morgan Stanley lowered their price objective on shares of Invesco from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Finally, UBS Group lowered their price objective on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, January 29th.

Invesco Trading Down 0.1 %

Shares of IVZ opened at $15.18 on Friday. Invesco has a 1-year low of $12.48 and a 1-year high of $18.71. The company has a market capitalization of $6.82 billion, a P/E ratio of -20.51, a P/E/G ratio of 1.02 and a beta of 1.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 5.01 and a quick ratio of 5.01. The firm’s 50 day simple moving average is $15.81 and its 200 day simple moving average is $15.40.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. Invesco had a negative net margin of 1.70% and a positive return on equity of 7.93%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.39 earnings per share. Invesco’s revenue for the quarter was down 5.6% on a year-over-year basis. Sell-side analysts forecast that Invesco will post 1.73 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Friday, February 16th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date was Thursday, February 15th. Invesco’s payout ratio is currently -108.11%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IVZ. State Street Corp grew its position in shares of Invesco by 58.2% in the 3rd quarter. State Street Corp now owns 25,414,143 shares of the asset manager’s stock worth $348,174,000 after buying an additional 9,345,810 shares during the period. Trian Fund Management L.P. grew its position in shares of Invesco by 18.8% in the 1st quarter. Trian Fund Management L.P. now owns 54,034,034 shares of the asset manager’s stock worth $1,404,885,000 after buying an additional 8,560,175 shares during the period. Vanguard Group Inc. grew its position in shares of Invesco by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 52,105,335 shares of the asset manager’s stock worth $1,201,550,000 after buying an additional 6,384,917 shares during the period. Point72 Asset Management L.P. grew its position in shares of Invesco by 1,411.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock worth $67,016,000 after buying an additional 3,507,900 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Invesco in the 4th quarter worth about $61,795,000. 66.09% of the stock is owned by hedge funds and other 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.