Invesco Ltd. (NYSE:IVZ) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Tuesday, November 12th will be paid a dividend of 0.31 per share by the asset manager on Monday, December 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date is Friday, November 8th.
Shares of NYSE IVZ traded down $0.04 during trading on Wednesday, hitting $18.08. 291,282 shares of the company were exchanged, compared to its average volume of 5,240,449. Invesco has a 12-month low of $15.15 and a 12-month high of $22.18. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.57 and a current ratio of 1.57. The company has a fifty day moving average price of $16.52 and a 200-day moving average price of $18.57. The firm has a market capitalization of $7.81 billion, a PE ratio of 7.45, a P/E/G ratio of 0.85 and a beta of 1.54.
Invesco (NYSE:IVZ) last posted its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.70 EPS for the quarter, topping the consensus estimate of $0.57 by $0.13. Invesco had a return on equity of 10.60% and a net margin of 8.86%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm earned $0.66 EPS. The company’s quarterly revenue was up 27.1% compared to the same quarter last year. Research analysts anticipate that Invesco will post 2.58 earnings per share for the current fiscal year.
IVZ has been the topic of several analyst reports. ValuEngine upgraded Invesco from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered Invesco from an “overweight” rating to a “neutral” rating and set a $22.00 price target on the stock. in a report on Thursday, September 12th. Wells Fargo & Co lifted their price target on Invesco from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Deutsche Bank upgraded Invesco from a “hold” rating to a “buy” rating and lifted their price target for the stock from $18.00 to $21.00 in a report on Wednesday. Finally, Citigroup set a $16.50 price target on Invesco and gave the stock a “hold” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $19.14.
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.
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