Invesco (NYSE:IVZ) Reaches New 1-Year Low at $15.04

Invesco Ltd. (NYSE:IVZGet Rating) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $15.04 and last traded at $15.08, with a volume of 42910 shares. The stock had previously closed at $15.61.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com lowered Invesco from a “hold” rating to a “sell” rating in a report on Friday, September 9th. BMO Capital Markets cut shares of Invesco from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $25.00 to $20.00 in a research note on Monday, June 13th. Keefe, Bruyette & Woods lowered their price objective on shares of Invesco from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Tuesday, June 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Invesco from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Finally, The Goldman Sachs Group decreased their price target on shares of Invesco from $21.50 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Invesco has an average rating of “Hold” and an average target price of $20.68.

Invesco Trading Down 3.9 %

The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.71. The stock has a market cap of $6.82 billion, a P/E ratio of 6.73, a PEG ratio of 1.38 and a beta of 1.28. The firm’s 50-day simple moving average is $17.28 and its 200 day simple moving average is $18.48.

Invesco (NYSE:IVZGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The asset manager reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.13). The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Invesco had a net margin of 19.67% and a return on equity of 12.05%. The company’s revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the business earned $0.78 earnings per share. As a group, equities research analysts anticipate that Invesco Ltd. will post 1.94 earnings per share for the current year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 12th were issued a $0.188 dividend. This represents a $0.75 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend was Thursday, August 11th. Invesco’s dividend payout ratio (DPR) is presently 32.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IVZ. CENTRAL TRUST Co purchased a new stake in shares of Invesco in the 1st quarter valued at approximately $31,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in shares of Invesco in the 1st quarter valued at approximately $32,000. Cornerstone Advisory LLC purchased a new stake in shares of Invesco in the 4th quarter valued at approximately $42,000. Exchange Traded Concepts LLC purchased a new stake in Invesco in the 2nd quarter worth approximately $32,000. Finally, Sentry Investment Management LLC purchased a new stake in Invesco in the 2nd quarter worth approximately $36,000. 83.58% of the stock is currently owned by institutional investors.

About Invesco

(Get Rating)

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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