Invesco (NYSE:IVZ) Price Target Raised to $19.00 at Deutsche Bank Aktiengesellschaft

Invesco (NYSE:IVZ) had its price objective raised by Deutsche Bank Aktiengesellschaft from $18.00 to $19.00 in a research note published on Monday,Benzinga reports. The brokerage currently has a hold rating on the asset manager’s stock.

IVZ has been the subject of a number of other reports. JPMorgan Chase & Co. raised their price target on Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Morgan Stanley increased their price objective on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. UBS Group increased their price objective on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Evercore ISI increased their price objective on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company increased their price objective on Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.63.

Invesco Price Performance

Shares of NYSE IVZ opened at $18.29 on Monday. The stock has a fifty day simple moving average of $17.37 and a two-hundred day simple moving average of $16.32. Invesco has a 1-year low of $12.82 and a 1-year high of $18.94. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of -19.88, a price-to-earnings-growth ratio of 1.03 and a beta of 1.44. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last posted its quarterly 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 positive return on equity of 8.83% and a negative net margin of 3.00%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was down 20.8% on a year-over-year basis. Analysts anticipate that Invesco will post 1.69 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.205 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.48%. Invesco’s dividend payout ratio (DPR) is currently -89.13%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IVZ. Dimensional Fund Advisors LP grew its stake in shares of Invesco by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock worth $270,540,000 after purchasing an additional 3,349,069 shares during the last quarter. Swedbank AB bought a new stake in shares of Invesco in the first quarter worth about $41,475,000. Bank of New York Mellon Corp grew its stake in shares of Invesco by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 2,489,388 shares of the asset manager’s stock worth $37,241,000 after purchasing an additional 30,016 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Invesco by 19.0% in the second quarter. AQR Capital Management LLC now owns 2,364,232 shares of the asset manager’s stock worth $35,274,000 after purchasing an additional 377,786 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Invesco by 4.1% during the 1st 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 acquiring an additional 58,332 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

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.