Invesco Ltd. (NYSE:IVZ – Get Rating) has earned a consensus rating of “Hold” from the twelve ratings companies that currently cover the stock, Marketbeat reports. Five equity research analysts rated the stock with a hold rating and four issued a buy rating on the company. The average 1-year price target among brokerages that have reported on the stock in the past year is $28.82.
IVZ has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut its price target on Invesco shares from $37.00 to $32.00 and set a “buy” rating for the company in a Friday, Feb. 18 research note. Morgan Stanley lowered its price target on Invesco from $29.00 to $27.00 and set an “equal weight” rating for the company in a Wednesday, Jan. 26, report. Goldman Sachs Group cut its price target on Invesco from $27.00 to $26.00 and set a “neutral” rating on the stock in a Tuesday, Jan. 4 research note. Bank of America lowered its price target on Invesco from $26.00 to $24.00 and set a “neutral” rating on the stock in a Wednesday, Jan. 26 research report. Finally, Citigroup lowered its price target on Invesco from $33.00 to $32.00 and set a “buy” rating on the stock in a Wednesday, January 26 report.
A number of large investors have recently increased or reduced their stake in IVZ. Trian Fund Management LP increased its position in Invesco by 23.7% during the fourth quarter. Trian Fund Management LP now owns 45,473,859 shares of the asset manager worth $1,182,320,000 after buying an additional 8,718,084 shares last quarter. State Street Corp raised its position in Invesco by 1.5% in the fourth quarter. State Street Corp now owns 17,085,466 shares of the asset manager worth $393,307,000 after buying an additional 255,634 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Invesco by 24.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,844,754 shares of the asset manager worth $180,586,000 after buying an additional 1,557,829 shares in the last quarter. JPMorgan Chase & Co. increased its position in Invesco by 36.7% in the 4th quarter. JPMorgan Chase & Co. now owns 5,099,792 shares of the asset manager worth $117,398,000 after buying an additional 1,367,996 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Invesco shares by 20.4% in the third quarter. Bank of New York Mellon Corp now owns 3,867,639 shares of the asset manager worth $93,248,000 after acquiring an additional 654,338 shares last quarter. Hedge funds and other institutional investors own 63.62% of the company’s shares.
Invesco shares opened Tuesday at $21.24. Invesco has a 12-month low of $20.02 and a 12-month high of $29.71. The stock has a market capitalization of $9.80 billion, a P/E ratio of 7.08, a PEG ratio of 0.48 and a beta of 1.19. The company has a 50-day moving average price of $22.99 and a 200-day moving average price of $24.07. The company has a current ratio of 3.79, a quick ratio of 3.30 and a debt ratio of 0.77.
Invesco (NYSE:IVZ – Get Rating) last released its quarterly results on Monday, January 24. The asset manager reported earnings per share (EPS) of $0.86 for the quarter, beating analyst consensus estimates of $0.76 by $0.10. The company posted revenue of $1.37 billion in the quarter, versus a consensus estimate of $1.36 billion. Invesco had a net margin of 23.64% and a return on equity of 14.48%. The company’s quarterly revenue increased 11.8% year over year. In the same quarter of the previous year, the company made earnings per share of $0.72. As a group, analysts expect Invesco to post EPS of 3.1 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 2. Investors of record on Wednesday, February 16 will receive a dividend of $0.17 per share. The ex-dividend date is Tuesday, February 15. This represents an annualized dividend of $0.68 and a yield of 3.20%. Invesco’s dividend payout ratio (DPR) is currently 22.67%.
About Investco (Get a rating)
Invesco Ltd. engages in investment management activities. Its product includes mutual funds, mutual funds, exchange-traded funds, closed-end funds and pension plans. The company was founded in December 1935 and is based in Atlanta, GA.
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