Invesco Ltd. (IVZ) Given Consensus Rating of “Buy” by Analysts

Shares of Invesco Ltd. (NYSE:IVZ) have been given an average rating of “Buy” by the sixteen brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $40.08.

A number of equities research analysts have recently weighed in on IVZ shares. Deutsche Bank upgraded Invesco from a “hold” rating to a “buy” rating and cut their price objective for the stock from $39.00 to $38.00 in a research report on Tuesday. Morgan Stanley reiterated an “equal weight” rating and issued a $40.00 price objective (up from $39.00) on shares of Invesco in a research report on Wednesday, February 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $41.00 price objective on shares of Invesco in a research report on Friday, October 27th. Credit Suisse Group reiterated a “buy” rating on shares of Invesco in a research report on Thursday, February 1st. Finally, Zacks Investment Research upgraded Invesco from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Friday, February 9th.

Invesco (NYSE IVZ) opened at $32.51 on Wednesday. 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 has a 1 year low of $29.36 and a 1 year high of $38.43. The stock has a market capitalization of $13,238.18, a P/E ratio of 11.86, a P/E/G ratio of 0.87 and a beta of 1.74.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. Invesco had a return on equity of 13.51% and a net margin of 21.85%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $982.86 million. During the same period last year, the company earned $0.59 EPS. Invesco’s revenue for the quarter was up 16.3% compared to the same quarter last year. analysts predict that Invesco will post 3.09 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Thursday, February 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Wednesday, February 14th. Invesco’s payout ratio is presently 42.34%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in IVZ. Sun Life Financial INC purchased a new position in shares of Invesco in the 3rd quarter valued at approximately $145,000. Valeo Financial Advisors LLC purchased a new position in shares of Invesco in the 3rd quarter valued at approximately $160,000. ETRADE Capital Management LLC purchased a new position in shares of Invesco in the 3rd quarter valued at approximately $205,000. Miles Capital Inc. purchased a new position in shares of Invesco in the 4th quarter valued at approximately $205,000. Finally, Linscomb & Williams Inc. purchased a new position in shares of Invesco in the 4th quarter valued at approximately $211,000. Institutional investors own 80.36% of the company’s stock.

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About Invesco

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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