INVESCO Ltd. (IVZ) Plans Quarterly Dividend of $0.23
INVESCO (NYSE:IVZ) declared a quarterly dividend on Friday, January 31st, American Banking and Market News reports. Stockholders of record on Thursday, February 20th will be given a dividend of 0.225 per share on Friday, March 7th. This represents a $0.90 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Tuesday, February 18th.
A number of analysts have recently weighed in on IVZ shares. Analysts at Jefferies Group cut their price target on shares of INVESCO to $40.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. On the ratings front, analysts at Citigroup Inc. raised their price target on shares of INVESCO from $44.00 to $48.00 in a research note to investors on Friday. Finally, analysts at RBC Capital raised their price target on shares of INVESCO from $39.00 to $45.00 in a research note to investors on Wednesday, January 22nd. They now have an “outperform” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. INVESCO currently has a consensus rating of “Buy” and a consensus target price of $37.57.
INVESCO (NYSE:IVZ) traded down 0.75% during mid-day trading on Friday, hitting $33.25. The stock had a trading volume of 3,903,246 shares. INVESCO has a 52 week low of $25.46 and a 52 week high of $36.88. The stock’s 50-day moving average is $35.31 and its 200-day moving average is $33.30. The company has a market cap of $14.739 billion and a price-to-earnings ratio of 18.52.
INVESCO (NYSE:IVZ) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.07. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.25 billion. On average, analysts predict that INVESCO will post $2.47 earnings per share for the current fiscal year.
Invesco Ltd. (NYSE:IVZ) is an investment manager, dedicated to helping investors worldwide achieve their financial objectives.
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