Invesco Ltd. (NYSE:IVZ) Receives $22.44 Consensus Target Price from Brokerages

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.



Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Invesco by 42.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,047,946 shares of the asset manager’s stock valued at $84,501,000 after purchasing an additional 1,507,660 shares during the last quarter. Geode Capital Management LLC boosted its stake in Invesco by 13.9% in the 4th quarter. Geode Capital Management LLC now owns 5,884,507 shares of the asset manager’s stock worth $98,348,000 after purchasing an additional 717,941 shares during the period. Millennium Management LLC boosted its stake in Invesco by 115.1% in the 4th quarter. Millennium Management LLC now owns 54,833 shares of the asset manager’s stock worth $918,000 after purchasing an additional 29,347 shares during the period. Pennsylvania Trust Co bought a new position in Invesco in the 1st quarter worth about $370,000. Finally, Oakbrook Investments LLC bought a new position in Invesco in the 1st quarter worth about $777,000. 65.17% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Invesco (NYSE:IVZ)

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