Invesco (NYSE:IVZ) Given New $18.00 Price Target at Barclays

Invesco (NYSE:IVZ) had its target price decreased by Barclays from $19.00 to $18.00 in a research report sent to investors on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the asset manager’s stock.

Several other research analysts also recently commented on IVZ. Keefe, Bruyette & Woods cut their price objective on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating for the company in a report on Friday, December 20th. UBS Group upped their target price on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group reduced their price target on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company decreased their price target on shares of Invesco from $17.50 to $17.00 and set an “underweight” rating on the stock in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.71.

Invesco Price Performance

Shares of NYSE:IVZ opened at $17.20 on Friday. Invesco has a fifty-two week low of $14.16 and a fifty-two week high of $18.94. The company’s 50-day moving average is $17.63 and its 200 day moving average is $17.13. 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 company has a market capitalization of $7.73 billion, a P/E ratio of -18.70, a price-to-earnings-growth ratio of 0.79 and a beta of 1.43.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. Invesco’s revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. On average, equities research analysts forecast that Invesco will post 1.7 earnings per share for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th were issued a dividend of $0.205 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.77%. Invesco’s dividend payout ratio is -89.13%.

Institutional Trading of Invesco

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Avior Wealth Management LLC lifted its holdings in shares of Invesco by 484.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after acquiring an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco during the 3rd quarter valued at $35,000. Allworth Financial LP raised its position in Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after purchasing an additional 1,806 shares during the period. Truvestments Capital LLC bought a new stake in Invesco in the third quarter worth $76,000. Finally, True Wealth Design LLC purchased a new stake in Invesco during the third quarter valued at about $77,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

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.