Invesco Ltd. (NYSE:IVZ – Get Free Report) has received an average rating of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $17.38.
Several equities analysts have weighed in on IVZ shares. Barclays lifted their target price on Invesco from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Monday, June 9th. TD Cowen cut Invesco from a “buy” rating to a “hold” rating and decreased their price objective for the company from $22.00 to $13.00 in a research note on Wednesday, April 9th. Bank of America decreased their price objective on Invesco from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Wells Fargo & Company decreased their price objective on Invesco from $19.50 to $14.50 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group lifted their price objective on Invesco from $16.00 to $16.25 and gave the company a “neutral” rating in a research note on Thursday.
View Our Latest Stock Report on Invesco
Institutional Investors Weigh In On Invesco
Invesco Stock Down 2.9%
Shares of NYSE:IVZ opened at $14.52 on Friday. The business has a 50-day moving average price of $14.19 and a 200 day moving average price of $16.06. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 0.98 and a beta of 1.49. Invesco has a 12-month low of $11.60 and a 12-month high of $19.55.
Invesco (NYSE:IVZ – Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same period last year, the company earned $0.33 EPS. Sell-side analysts expect that Invesco will post 1.87 EPS for the current year.
Invesco Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th were paid a dividend of $0.21 per share. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, May 14th. This represents a $0.84 annualized dividend and a yield of 5.79%. Invesco’s payout ratio is presently 67.20%.
About Invesco
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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