By otakuyassine3@gmail.com 
Invesco Ltd. (NYSE:IVZ – Get Free Report) has received an average recommendation of “Hold” from the twelve research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $18.88.
Several equities analysts have issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods cut their price objective on Invesco from $19.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft raised their target price on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their price objective on Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 21st.
Check Out Our Latest Stock Report on Invesco
Institutional Trading of Invesco
Institutional investors have recently made changes to their positions in the company. Harmony Asset Management LLC increased its stake in Invesco by 1.0% during the third quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock worth $1,078,000 after acquiring an additional 600 shares during the last quarter. Centennial Wealth Advisory LLC increased its position in shares of Invesco by 4.5% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 19,095 shares of the asset manager’s stock worth $335,000 after purchasing an additional 816 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco by 1.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock valued at $1,001,000 after buying an additional 946 shares during the period. Fifth Third Bancorp increased its position in shares of Invesco by 6.1% during the second quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock valued at $249,000 after acquiring an additional 963 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Invesco by 1.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock valued at $1,378,000 after acquiring an additional 1,020 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.
Invesco Price Performance
NYSE:IVZ opened at $17.75 on Friday. The stock has a market capitalization of $7.98 billion, a PE ratio of -19.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. Invesco has a 52 week low of $14.16 and a 52 week high of $18.94. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The stock’s 50-day moving average price is $17.87 and its 200-day moving average price is $16.86.
Invesco (NYSE:IVZ – Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the business earned $0.35 earnings per share. The business’s revenue was down 20.8% compared to the same quarter last year. As a group, equities analysts expect that Invesco will post 1.69 EPS for the current fiscal year.
Invesco Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were paid a $0.205 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.62%. Invesco’s dividend payout ratio (DPR) is -89.13%.
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.
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