Invesco PLC (IVZ) Receives Consensus Rating of “Hold” from Brokerages

Invesco PLC (NYSE:IVZ) has been assigned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $38.36.

IVZ has been the subject of several research reports. Zacks Investment Research cut shares of Invesco from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Wells Fargo & Company increased their price objective on shares of Invesco from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, October 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $39.00 price objective on shares of Invesco in a research report on Tuesday, October 3rd. Goldman Sachs Group lowered shares of Invesco from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $38.00 to $36.00 in a research report on Thursday, September 28th. Finally, Citigroup increased their price objective on shares of Invesco from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, October 27th.

Shares of Invesco (NYSE IVZ) traded up $0.07 during midday trading on Friday, hitting $36.17. 2,611,000 shares of the stock traded hands, compared to its average volume of 2,722,699. The company has a market capitalization of $14,790.00, a P/E ratio of 14.12, a PEG ratio of 1.14 and a beta of 1.81. Invesco has a 52-week low of $28.75 and a 52-week high of $37.75. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.05. Invesco had a net margin of 18.99% and a return on equity of 13.02%. The firm had revenue of $976.60 million during the quarter, compared to analysts’ expectations of $940.96 million. During the same period in the previous year, the company earned $0.60 earnings per share. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. equities research analysts forecast that Invesco will post 2.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Tuesday, November 14th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Monday, November 13th. Invesco’s dividend payout ratio is currently 50.22%.

In other news, insider Colin Meadows sold 54,215 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total value of $1,952,282.15. Following the sale, the insider now owns 164,420 shares of the company’s stock, valued at $5,920,764.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Shelton Capital Management increased its holdings in shares of Invesco by 8.7% during the 3rd quarter. Shelton Capital Management now owns 114,510 shares of the asset manager’s stock valued at $4,012,000 after purchasing an additional 9,200 shares in the last quarter. Archford Capital Strategies LLC increased its holdings in Invesco by 34.2% in the 3rd quarter. Archford Capital Strategies LLC now owns 41,698 shares of the asset manager’s stock worth $1,461,000 after acquiring an additional 10,638 shares in the last quarter. IFM Investors Pty Ltd purchased a new stake in Invesco in the 3rd quarter worth $417,000. Neuberger Berman Group LLC increased its holdings in Invesco by 13.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 53,172 shares of the asset manager’s stock worth $1,863,000 after acquiring an additional 6,158 shares in the last quarter. Finally, Griffin Asset Management Inc. increased its holdings in Invesco by 215.2% in the 3rd quarter. Griffin Asset Management Inc. now owns 34,005 shares of the asset manager’s stock worth $1,192,000 after acquiring an additional 23,217 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

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Invesco Company Profile

Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.

Analyst Recommendations for Invesco (NYSE:IVZ)

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