Invesco Price Target Raised to $46.00 at Keefe, Bruyette & Woods (IVZ)
Equities research analysts at Keefe, Bruyette & Woods hoisted their price target on shares of Invesco (NYSE:IVZ) from $45.00 to $46.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 21.63% from the stock’s previous close.
IVZ has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Invesco from $43.00 to $44.00 in a research note on Friday. Separately, analysts at Deutsche Bank upgraded shares of Invesco from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $43.00 price target on the stock, up previously from $39.00. Finally, analysts at BMO Capital Markets raised their price target on shares of Invesco from $38.00 to $40.00 in a research note on Tuesday, July 15th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $41.64.
Invesco (NYSE:IVZ) traded up 0.50% during mid-day trading on Friday, hitting $37.82. 4,643,634 shares of the company’s stock traded hands. Invesco has a 1-year low of $30.09 and a 1-year high of $38.86. The stock has a 50-day moving average of $37.9 and a 200-day moving average of $35.85. The company has a market cap of $16.364 billion and a price-to-earnings ratio of 18.61.
Invesco (NYSE:IVZ) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The company had revenue of $981.00 million for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. On average, analysts predict that Invesco will post $2.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Thursday, August 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Tuesday, August 19th.
Invesco Ltd. (NYSE:IVZ) is an investment manager, dedicated to helping investors worldwide achieve their financial objectives.
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