Brokerages Set Invesco Ltd. (NYSE:IVZ) Target Price at $19.94

Shares of Invesco Ltd. (NYSE:IVZ) have received a consensus recommendation of “Hold” from the fifteen brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $19.30.

A number of research analysts have recently issued reports on IVZ shares. Citigroup reduced their price objective on shares of Invesco from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, March 31st. Morgan Stanley increased their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. TD Cowen cut their target price on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Bank of America decreased their price target on Invesco from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Royal Bank of Canada assumed coverage on Invesco in a research report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price objective on the stock.

Invesco Trading Down 7.6 %

Shares of IVZ stock opened at $12.78 on Friday. Invesco has a fifty-two week low of $12.35 and a fifty-two week high of $19.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The stock has a 50 day simple moving average of $16.85 and a two-hundred day simple moving average of $17.37. The company has a market cap of $5.72 billion, a P/E ratio of 10.83, a PEG ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. Research analysts forecast that Invesco will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 6.41%. Invesco’s dividend payout ratio is presently 69.49%.

Institutional Trading of Invesco

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its stake in Invesco by 4.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager’s stock valued at $45,684,000 after buying an additional 113,451 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Invesco in the fourth quarter valued at $735,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Invesco during the 4th quarter valued at $424,000. Massachusetts Mutual Life Insurance Co. purchased a new stake in Invesco during the 3rd quarter worth about $1,428,196,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Invesco by 41.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager’s stock worth $867,000 after purchasing an additional 14,489 shares during the period. Institutional investors own 66.09% of the company’s stock.

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.