Invesco Ltd. (NYSE:IVZ) Receives Average Rating of “Hold” from Analysts

Invesco Ltd. (NYSE:IVZ) has received a consensus rating of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $23.6333.

A number of research firms have recently commented on IVZ. Royal Bank Of Canada raised their price objective on shares of Invesco from $23.00 to $25.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Cowen reaffirmed a “buy” rating on shares of Invesco in a report on Thursday. Wall Street Zen upgraded Invesco from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. BMO Capital Markets restated an “outperform” rating on shares of Invesco in a research report on Friday, October 24th. Finally, Bank of America increased their price objective on Invesco from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd.

Insiders Place Their Bets

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

Institutional Trading of Invesco

A number of hedge funds have recently modified their holdings of the company. Cetera Investment Advisers increased its stake in Invesco by 7.9% in the first quarter. Cetera Investment Advisers now owns 85,234 shares of the asset manager’s stock valued at $1,293,000 after purchasing an additional 6,239 shares in the last quarter. LPL Financial LLC increased its position in shares of Invesco by 1.5% in the 1st quarter. LPL Financial LLC now owns 194,827 shares of the asset manager’s stock valued at $2,956,000 after buying an additional 2,922 shares in the last quarter. Federated Hermes Inc. raised its stake in Invesco by 186.6% during the 1st quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager’s stock worth $30,000 after buying an additional 1,282 shares during the period. XTX Topco Ltd lifted its holdings in Invesco by 39.1% during the first quarter. XTX Topco Ltd now owns 14,868 shares of the asset manager’s stock worth $226,000 after acquiring an additional 4,176 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in Invesco in the first quarter valued at about $295,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Price Performance

Shares of NYSE:IVZ opened at $25.20 on Friday. The firm has a market capitalization of $11.21 billion, a PE ratio of 17.14, a PEG ratio of 0.63 and a beta of 1.66. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. Invesco has a 1-year low of $11.60 and a 1-year high of $25.70. The business’s 50 day moving average is $23.55 and its 200-day moving average is $20.38.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, topping the consensus estimate of $0.44 by $0.17. Invesco had a return on equity of 9.11% and a net margin of 14.15%.The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business earned $0.44 earnings per share. Invesco’s quarterly revenue was up 7.4% compared to the same quarter last year. Sell-side analysts predict that Invesco will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th were given a dividend of $0.21 per share. The ex-dividend date was Friday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.3%. Invesco’s payout ratio is presently 57.14%.

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.