Invesco Ltd. (NYSE:IVZ) Receives Average Rating of “Hold” from Analysts

Invesco Ltd. (NYSE:IVZ) has received an average rating of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $33.27.

A number of research firms recently weighed in on IVZ. UBS Group began coverage on Invesco in a research report on Tuesday. They issued a “buy” rating and a $41.00 target price for the company. Morgan Stanley increased their price target on shares of Invesco from $30.00 to $31.00 and gave the company an “equal weight” rating in a research report on Friday, September 25th. Jefferies Financial Group raised shares of Invesco to a “hold” rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. boosted their price objective on shares of Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, TD Cowen upped their price objective on shares of Invesco from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, August 13th.

Invesco Trading Up 0.3%

NYSE IVZ opened at $30.48 on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The stock’s 50-day simple moving average is $31.55 and its two-hundred day simple moving average is $28.48. Invesco has a twelve month low of $20.67 and a twelve month high of $33.66. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of -44.83, a PEG ratio of 0.45 and a beta of 1.65.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 EPS. Research analysts forecast that Invesco will post 2.83 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th were paid a $0.2150 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.86 annualized dividend and a yield of 2.8%. Invesco’s payout ratio is currently -126.47%.

Insider Buying and Selling at Invesco

In other news, Director Stephanie Butcher sold 45,095 shares of Invesco stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $32.28, for a total value of $1,455,666.60. Following the transaction, the director owned 10,205 shares in the company, valued at approximately $329,417.40. The trade was a 81.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew Tak Shing Lo sold 100,840 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $32.20, for a total value of $3,247,048.00. Following the completion of the sale, the director directly owned 812,477 shares of the company’s stock, valued at approximately $26,161,759.40. This trade represents a 11.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 222,540 shares of company stock valued at $7,227,167. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Invesco

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SJS Investment Consulting Inc. lifted its position in Invesco by 80.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 537 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in shares of Invesco by 141.1% in the third quarter. Elevation Wealth Partners LLC now owns 1,010 shares of the asset manager’s stock worth $30,000 after purchasing an additional 591 shares during the last quarter. Continuum Advisory LLC purchased a new position in shares of Invesco in the second quarter worth $39,000. Root Financial Partners LLC increased its stake in shares of Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after buying an additional 374 shares during the period. Finally, Blue Trust Inc. raised its holdings in Invesco by 171.0% during the 1st quarter. Blue Trust Inc. now owns 1,859 shares of the asset manager’s stock valued at $45,000 after buying an additional 1,173 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

About Invesco

Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm that provides investment products and services to individuals, financial advisers, institutions and other clients. The company manages assets across public and private markets and serves clients through a range of investment strategies.

Its offerings include exchange-traded funds, mutual funds, separately managed accounts, institutional mandates and alternative investments. Invesco provides exposure to equities, fixed income, commodities, multi-asset strategies and other asset classes, with both actively managed and index-based investment solutions.

Headquartered in Atlanta, Georgia, Invesco serves clients across North America, Europe, Asia-Pacific and other international markets through offices and investment teams around the world.