Invesco Ltd. (NYSE:IVZ) Given Consensus Recommendation of “Hold” by Analysts

Invesco Ltd. (NYSE:IVZ) has been assigned a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $23.4063.

Several research analysts recently issued reports on the stock. Cowen reissued a “buy” rating on shares of Invesco in a report on Thursday, September 18th. Barclays increased their price target on Invesco from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Bank of America lifted their price objective on Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Citigroup upped their target price on Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Finally, The Goldman Sachs Group raised their target price on Invesco from $25.50 to $26.50 and gave the stock a “neutral” rating in a report on Wednesday, October 29th.

Invesco Price Performance

Shares of NYSE IVZ opened at $23.37 on Monday. Invesco has a 52 week low of $11.60 and a 52 week high of $24.75. The business’s 50 day moving average price is $22.91 and its 200 day moving average price is $19.22. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.67. The firm has a market cap of $10.42 billion, a P/E ratio of 15.90, a P/E/G ratio of 0.85 and a beta of 1.72.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, beating the consensus estimate of $0.44 by $0.17. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Invesco had a net margin of 14.15% and a return on equity of 8.52%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 EPS. On average, sell-side analysts expect that Invesco will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, November 14th. Invesco’s dividend payout ratio is currently 57.14%.

Insider Activity at Invesco

In related news, Director Douglas J. Sharp sold 160,000 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the sale, the director owned 192 shares in the company, valued at approximately $4,523.52. This trade represents a 99.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephanie Butcher sold 103,192 shares of Invesco stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the completion of the transaction, the director directly owned 29,855 shares of the company’s stock, valued at $660,392.60. The trade was a 77.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Invesco

Hedge funds have recently modified their holdings of the company. Syon Capital LLC increased its stake in shares of Invesco by 25.2% in the 3rd quarter. Syon Capital LLC now owns 18,865 shares of the asset manager’s stock valued at $433,000 after purchasing an additional 3,796 shares in the last quarter. NEOS Investment Management LLC boosted its position in Invesco by 42.5% during the third quarter. NEOS Investment Management LLC now owns 56,779 shares of the asset manager’s stock worth $1,303,000 after purchasing an additional 16,926 shares in the last quarter. Rothschild Investment LLC grew its holdings in Invesco by 8.8% in the third quarter. Rothschild Investment LLC now owns 46,844 shares of the asset manager’s stock valued at $1,075,000 after purchasing an additional 3,804 shares during the period. Merit Financial Group LLC increased its position in shares of Invesco by 24.2% in the third quarter. Merit Financial Group LLC now owns 23,733 shares of the asset manager’s stock valued at $544,000 after buying an additional 4,620 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Invesco by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager’s stock worth $1,193,294,000 after buying an additional 593,140 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Company Profile

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.