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.
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.
TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/14/invesco-ltd-ivz-given-consensus-rating-of-buy-by-analysts.html.
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.
Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.