Invesco Ltd. (NYSE:IVZ) Stock Rated “Moderate Buy” by Wall Street Analysts

Invesco Ltd. (NYSE:IVZ) has been given an average rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $33.79.

Several brokerages recently weighed in on IVZ. Wall Street Zen downgraded shares of Invesco from a “buy” rating to a “hold” rating in a report on Sunday, October 18th. Evercore set a $34.00 price target on Invesco in a report on Friday, October 9th. Keefe, Bruyette & Woods initiated coverage on Invesco in a research note on Wednesday, September 9th. They set an “outperform” rating and a $39.00 target price on the stock. Morgan Stanley boosted their price target on Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, October 22nd. Finally, BMO Capital Markets upped their price target on Invesco from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 13th.

Insider Buying and Selling at Invesco

In other Invesco news, CFO Laura Dukes sold 31,075 shares of Invesco stock in a transaction on Friday, September 4th. The shares were sold at an average price of $33.16, for a total transaction of $1,030,447.00. Following the completion of the transaction, the chief financial officer directly owned 259,183 shares of the company’s stock, valued at $8,594,508.28. The trade was a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Phoebe A. Wood sold 3,000 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $32.44, for a total transaction of $97,320.00. Following the completion of the sale, the director directly owned 107,111 shares in the company, valued at $3,474,680.84. This trade represents a 2.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 222,540 shares of company stock valued at $7,227,167. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IVZ. Richardson Financial Services Inc. lifted its stake in Invesco by 144.7% in the third quarter. Richardson Financial Services Inc. now owns 930 shares of the asset manager’s stock worth $28,000 after acquiring an additional 550 shares during the period. Ascent Group LLC grew its holdings in Invesco by 32.5% during the 3rd quarter. Ascent Group LLC now owns 38,384 shares of the asset manager’s stock worth $1,158,000 after acquiring an additional 9,414 shares in the last quarter. Compass Financial Management LLC purchased a new position in Invesco during the 3rd quarter valued at about $118,000. Rakuten Investment Management Inc. purchased a new position in Invesco during the 3rd quarter valued at about $1,537,000. Finally, Provenance Wealth Advisors LLC bought a new stake in shares of Invesco in the 3rd quarter valued at about $70,000. 66.09% of the stock is currently owned by institutional investors.

Invesco Price Performance

Shares of NYSE:IVZ opened at $27.71 on Monday. The company has a market capitalization of $12.28 billion, a P/E ratio of -40.16, a P/E/G ratio of 0.47 and a beta of 1.65. Invesco has a 1-year low of $21.82 and a 1-year high of $33.66. The firm’s 50 day simple moving average is $30.54 and its two-hundred day simple moving average is $28.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.31 and a quick ratio of 1.31.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, October 27th. The asset manager reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.02). The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Invesco had a positive return on equity of 12.65% and a negative net margin of 1.10%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. Research analysts expect that Invesco will post 2.80 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Friday, November 13th will be paid a dividend of $0.2150 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.86 dividend on an annualized basis and a yield of 3.1%. Invesco’s dividend payout ratio is presently -124.64%.

Invesco Company Profile

Invesco Ltd. (NYSE: IVZ) is a global investment management company that provides investment products and services to individual investors, financial professionals, institutions and governments. The company manages assets across a range of strategies, including equities, fixed income, multi-asset portfolios, alternatives, money market funds and cash management.

Invesco offers mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment solutions.