Brokerages Set Invesco Ltd. (NYSE:IVZ) PT at $16.79

Shares of Invesco Ltd. (NYSE:IVZ) have been given a consensus rating of “Hold” by the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $16.81.

A number of analysts recently weighed in on IVZ shares. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a report on Monday, June 17th. The Goldman Sachs Group decreased their price objective on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday. TD Cowen decreased their price objective on shares of Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $17.00 price objective (down previously from $19.00) on shares of Invesco in a research note on Wednesday, April 24th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $17.00 price objective (down previously from $18.00) on shares of Invesco in a research note on Wednesday, April 24th.

Invesco Trading Up 0.3 %

Shares of NYSE:IVZ opened at $15.05 on Friday. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of -20.07, a PEG ratio of 1.14 and a beta of 1.47. Invesco has a 1-year low of $12.48 and a 1-year high of $18.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 6.89 and a current ratio of 6.89. The company has a 50 day moving average price of $15.20 and a 200 day moving average price of $15.89.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.08 billion. Invesco had a positive return on equity of 7.84% and a negative net margin of 1.74%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 earnings per share. On average, research analysts anticipate that Invesco will post 1.64 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th were given a $0.205 dividend. This is an increase from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, May 13th. This represents a $0.82 dividend on an annualized basis and a yield of 5.45%. Invesco’s dividend payout ratio is presently -109.33%.

Institutional Investors Weigh In On Invesco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IVZ. Point72 Asset Management L.P. lifted its position in Invesco by 1,411.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock worth $67,016,000 after buying an additional 3,507,900 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Invesco during the 4th quarter valued at $61,795,000. Norges Bank bought a new position in shares of Invesco during the 4th quarter valued at $59,713,000. Dimensional Fund Advisors LP raised its holdings in shares of Invesco by 23.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,798,051 shares of the asset manager’s stock valued at $246,163,000 after purchasing an additional 2,592,039 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of Invesco during the 1st quarter valued at $41,475,000. 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.