Invesco (NYSE:IVZ) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Invesco (NYSE:IVZ) issued its earnings results on Tuesday. The asset manager reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01, Zacks reports. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%.

Invesco Stock Performance

Invesco stock opened at $18.99 on Thursday. Invesco has a fifty-two week low of $14.16 and a fifty-two week high of $19.49. The stock has a fifty day moving average of $17.67 and a two-hundred day moving average of $17.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be given a dividend of $0.205 per share. The ex-dividend date is Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.32%. Invesco’s dividend payout ratio is currently -89.13%.

Analyst Ratings Changes

A number of brokerages recently commented on IVZ. Barclays raised their price objective on shares of Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $20.00 price target (up from $18.00) on shares of Invesco in a research note on Wednesday. Wells Fargo & Company upped their price target on shares of Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a research note on Wednesday. TD Cowen reduced their price objective on shares of Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, The Goldman Sachs Group upped their target price on shares of Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.71.

About Invesco

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.