Invesco Ltd. Announces Quarterly Dividend of $0.21 (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Investors of record on Friday, February 14th will be given a dividend of 0.205 per share by the asset manager on Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.25%.

Invesco has raised its dividend by an average of 7.0% annually over the last three years. Invesco has a dividend payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Invesco to earn $1.89 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 43.4%.

Invesco Trading Up 8.8 %

Shares of IVZ stock opened at $19.32 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The stock has a fifty day simple moving average of $17.64 and a two-hundred day simple moving average of $17.27. The firm has a market capitalization of $8.68 billion, a PE ratio of -20.99, a PEG ratio of 1.06 and a beta of 1.43. Invesco has a 52-week low of $14.16 and a 52-week high of $19.49.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. On average, analysts predict that Invesco will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IVZ. The Goldman Sachs Group reduced their price objective on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Barclays lifted their price target on shares of Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday. Keefe, Bruyette & Woods decreased their price target on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, December 20th. UBS Group raised their price objective on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.67.

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.