Invesco Ltd. (NYSE:IVZ) has been given a consensus recommendation of “Hold” by the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One 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 objective among brokers that have covered the stock in the last year is $22.44.
IVZ has been the topic of a number of analyst reports. UBS Group downgraded Invesco from a “neutral” rating to a “sell” rating and set a $18.00 price target on the stock. in a report on Monday, May 13th. Citigroup set a $20.00 price target on Invesco and gave the company a “hold” rating in a report on Wednesday, July 31st. Zacks Investment Research downgraded Invesco from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Barclays set a $21.00 price target on Invesco and gave the company a “hold” rating in a report on Friday, July 26th. Finally, Deutsche Bank set a $21.00 price target on Invesco and gave the company a “hold” rating in a report on Friday, July 26th.
In other Invesco news, major shareholder Ltd. Invesco acquired 2,222,222 shares of the stock in a transaction dated Monday, June 10th. The stock was purchased at an average price of $4.50 per share, with a total value of $9,999,999.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director G Richard Wagoner, Jr. acquired 10,000 shares of the stock in a transaction dated Friday, June 7th. The stock was acquired at an average cost of $20.71 per share, with a total value of $207,100.00. Following the transaction, the director now directly owns 25,648 shares in the company, valued at $531,170.08. The disclosure for this purchase can be found here. 1.90% of the stock is owned by company insiders.
Shares of NYSE:IVZ traded down $0.28 on Monday, reaching $15.62. The company had a trading volume of 4,812,987 shares, compared to its average volume of 6,504,437. Invesco has a 52-week low of $15.15 and a 52-week high of $24.96. The firm’s 50 day simple moving average is $18.31 and its 200-day simple moving average is $19.68. The firm has a market capitalization of $7.31 billion, a PE ratio of 6.43, a PEG ratio of 0.77 and a beta of 1.51. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.71.
Invesco (NYSE:IVZ) last announced its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.08. Invesco had a return on equity of 10.23% and a net margin of 11.45%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $0.66 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts predict that Invesco will post 2.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a $0.31 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.94%. Invesco’s payout ratio is 51.03%.
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.
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