Brokerages Set Invesco Ltd. (NYSE:IVZ) Target Price at $18.83

Invesco Ltd. (NYSE:IVZ) has received a consensus rating of “Hold” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $18.71.

IVZ has been the subject of several recent research reports. Morgan Stanley increased their price objective on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. UBS Group raised their price target on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group lowered their price target on Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada increased their price objective on Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, November 11th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IVZ. Janney Montgomery Scott LLC raised its stake in shares of Invesco by 83.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 88,446 shares of the asset manager’s stock valued at $1,546,000 after buying an additional 40,246 shares in the last quarter. Merit Financial Group LLC bought a new stake in Invesco in the fourth quarter valued at about $652,000. Burney Co. raised its position in Invesco by 32.1% in the fourth quarter. Burney Co. now owns 14,452 shares of the asset manager’s stock worth $253,000 after purchasing an additional 3,513 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in Invesco by 13.4% during the fourth quarter. Pallas Capital Advisors LLC now owns 49,823 shares of the asset manager’s stock worth $871,000 after purchasing an additional 5,889 shares during the period. Finally, Wedmont Private Capital boosted its holdings in Invesco by 16.5% during the fourth quarter. Wedmont Private Capital now owns 18,998 shares of the asset manager’s stock valued at $311,000 after purchasing an additional 2,684 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trading Up 2.0 %

NYSE:IVZ opened at $17.20 on Tuesday. The stock has a market cap of $7.73 billion, a PE ratio of -18.70, a price-to-earnings-growth ratio of 0.79 and a beta of 1.43. Invesco has a fifty-two week low of $14.16 and a fifty-two week high of $18.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. The stock’s 50-day moving average is $17.63 and its two-hundred day moving average is $17.14.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm’s revenue was down 20.8% on a year-over-year basis. As a group, equities research analysts forecast that Invesco will post 1.7 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th were issued a $0.205 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.77%. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

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.