Invesco (NYSE:IVZ) Given New $19.00 Price Target at Evercore ISI

Invesco (NYSE:IVZ) had its target price lifted by Evercore ISI from $18.00 to $19.00 in a research report released on Wednesday morning, Benzinga reports. They currently have an in-line rating on the asset manager’s stock.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley lifted their price objective on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Barclays increased their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday. Royal Bank of Canada lifted their price objective on Invesco from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Finally, The Goldman Sachs Group boosted their price target on shares of Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Invesco currently has an average rating of “Hold” and an average price target of $18.38.

Invesco Price Performance

NYSE IVZ opened at $17.49 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80. The business’s fifty day moving average is $17.12 and its 200 day moving average is $16.10. The company has a market capitalization of $7.87 billion, a PE ratio of -23.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44. Invesco has a fifty-two week low of $12.48 and a fifty-two week high of $18.79.

Invesco (NYSE:IVZ) last released its 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. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the business earned $0.35 EPS. The firm’s revenue was down 20.8% compared to the same quarter last year. Sell-side analysts predict that Invesco will post 1.66 earnings per share for the current year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.69%. The ex-dividend date is Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

Institutional Trading of Invesco

Large investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System lifted its holdings in Invesco by 10.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 470,626 shares of the asset manager’s stock valued at $7,718,000 after buying an additional 44,417 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Invesco by 4.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager’s stock valued at $24,843,000 after purchasing an additional 58,332 shares during the period. Bessemer Group Inc. increased its holdings in Invesco by 5,321.9% during the 1st quarter. Bessemer Group Inc. now owns 85,341 shares of the asset manager’s stock worth $1,416,000 after purchasing an additional 83,767 shares during the period. Greenwood Capital Associates LLC purchased a new stake in shares of Invesco in the 1st quarter worth $1,061,000. Finally, Duality Advisers LP increased its stake in shares of Invesco by 323.0% during the first quarter. Duality Advisers LP now owns 95,689 shares of the asset manager’s stock valued at $1,587,000 after buying an additional 73,065 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

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.