Invesco Ltd. (NYSE:IVZ) Receives $19.94 Consensus Price Target from Brokerages

Shares of Invesco Ltd. (NYSE:IVZ) have been given a consensus recommendation of “Hold” by the thirteen brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $19.94.

IVZ has been the subject of several analyst reports. Royal Bank of Canada started coverage on shares of Invesco in a report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 target price for the company. Wells Fargo & Company raised their price target on shares of Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. TD Cowen reduced their price target on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Finally, Morgan Stanley raised their price target on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Harmony Asset Management LLC grew its position in shares of Invesco by 1.0% in the 3rd quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock worth $1,078,000 after buying an additional 600 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Invesco by 1.5% in the 4th quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager’s stock worth $816,000 after buying an additional 677 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of Invesco by 6.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager’s stock worth $195,000 after buying an additional 710 shares during the last quarter. True Wealth Design LLC grew its position in shares of Invesco by 18.3% in the 4th quarter. True Wealth Design LLC now owns 5,183 shares of the asset manager’s stock worth $91,000 after buying an additional 801 shares during the last quarter. Finally, Arizona State Retirement System grew its position in shares of Invesco by 0.8% in the 4th quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager’s stock worth $1,712,000 after buying an additional 812 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

Invesco stock opened at $15.67 on Wednesday. The firm has a 50-day moving average price of $17.66 and a 200-day moving average price of $17.56. The firm has a market capitalization of $7.04 billion, a PE ratio of 13.28, a price-to-earnings-growth 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 has a 12-month low of $14.16 and a 12-month high of $19.55.

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 net margin of 12.77% and a return on equity of 8.18%. As a group, equities research analysts forecast that Invesco will post 1.87 EPS for the current year.

Invesco Announces Dividend

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

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.