Invesco Ltd. (NYSE:IVZ) Receives Consensus Rating of “Hold” from Brokerages

Shares of Invesco Ltd. (NYSE:IVZ) have received a consensus rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.48.

Several equities analysts recently issued reports on the company. Jefferies Financial Group dropped their price target on Invesco from $17.00 to $15.00 in a research report on Tuesday, October 10th. Citigroup dropped their price target on Invesco from $19.00 to $15.75 and set a “neutral” rating on the stock in a research report on Monday, September 25th. The Goldman Sachs Group dropped their price target on Invesco from $15.50 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 25th. StockNews.com began coverage on Invesco in a research report on Thursday, October 5th. They issued a “sell” rating on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Invesco from $15.00 to $15.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th.

Invesco Stock Up 0.9 %

IVZ opened at $13.96 on Thursday. The business’s 50-day simple moving average is $13.76 and its 200-day simple moving average is $15.31. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.10 and a current ratio of 5.10. Invesco has a one year low of $12.48 and a one year high of $20.56. The stock has a market capitalization of $6.28 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.90 and a beta of 1.43.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, October 24th. The asset manager reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Invesco had a return on equity of 7.52% and a net margin of 14.50%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. Analysts anticipate that Invesco will post 1.42 EPS for the current year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Friday, November 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.73%. The ex-dividend date is Thursday, November 9th. Invesco’s dividend payout ratio (DPR) is 61.07%.

Insider Transactions at Invesco

In other news, major shareholder Invesco Realty, Inc. purchased 796,323 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were acquired at an average price of $25.12 per share, with a total value of $20,003,633.76. Following the purchase, the insider now directly owns 1,052,487 shares of the company’s stock, valued at $26,438,473.44. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Invesco

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Invesco by 8.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 88,494 shares of the asset manager’s stock valued at $1,488,000 after buying an additional 7,100 shares in the last quarter. Raymond James & Associates lifted its stake in Invesco by 8.2% in the 2nd quarter. Raymond James & Associates now owns 63,071 shares of the asset manager’s stock valued at $1,060,000 after buying an additional 4,776 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Invesco by 3.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 28,247 shares of the asset manager’s stock valued at $475,000 after buying an additional 1,003 shares in the last quarter. LPL Financial LLC raised its holdings in Invesco by 31.1% in the 2nd quarter. LPL Financial LLC now owns 198,375 shares of the asset manager’s stock valued at $3,335,000 after acquiring an additional 47,041 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Invesco by 25.0% in the 2nd quarter. SG Americas Securities LLC now owns 99,695 shares of the asset manager’s stock valued at $1,676,000 after acquiring an additional 19,922 shares during the last quarter. Hedge funds and other institutional investors own 66.27% 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.