Brokerages Set Invesco Ltd. (NYSE:IVZ) PT at $19.94

Shares of Invesco Ltd. (NYSE:IVZ) have earned a consensus rating of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $19.94.

A number of equities analysts have recently weighed in on the stock. Barclays boosted 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, January 29th. Royal Bank of Canada assumed coverage on shares of Invesco in a research report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price objective for the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. The Goldman Sachs Group boosted their price objective on shares of Invesco from $19.00 to $20.75 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley boosted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th.

Hedge Funds Weigh In On Invesco

Several institutional investors and hedge funds have recently bought and sold shares of IVZ. Massachusetts Mutual Life Insurance Co. purchased a new stake in Invesco during the third quarter worth approximately $1,428,196,000. Vanguard Group Inc. grew its stake in Invesco by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager’s stock worth $900,127,000 after buying an additional 419,389 shares during the period. State Street Corp grew its stake in Invesco by 0.7% during the third quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock worth $369,823,000 after buying an additional 151,408 shares during the period. Geode Capital Management LLC grew its stake in Invesco by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager’s stock worth $181,281,000 after buying an additional 134,726 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Invesco by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager’s stock worth $111,526,000 after buying an additional 31,854 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of IVZ opened at $18.29 on Friday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock has a market cap of $8.22 billion, a P/E ratio of 15.50, a PEG ratio of 1.06 and a beta of 1.43. The company has a 50-day moving average of $17.82 and a two-hundred day moving average of $17.44. Invesco has a 12-month low of $14.16 and a 12-month high of $19.55.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, research analysts predict that Invesco will post 1.85 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently declared 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. This represents a $0.82 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Friday, February 14th. Invesco’s dividend payout ratio (DPR) is 69.49%.

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.