Goldman Sachs Group Inc upgraded shares of Invesco Ltd. (NYSE:IVZ) from a neutral rating to a conviction-buy rating in a report released on Wednesday morning. Goldman Sachs Group Inc currently has $37.00 price objective on the stock, up from their previous price objective of $30.00.

IVZ has been the subject of a number of other reports. Jefferies Group LLC dropped their price target on shares of Invesco from $36.00 to $33.00 and set a buy rating for the company in a research report on Friday, January 27th. Zacks Investment Research downgraded shares of Invesco from a hold rating to a sell rating in a research report on Tuesday, January 31st. Wells Fargo & Co reiterated an outperform rating and issued a $34.00 price target on shares of Invesco in a research report on Tuesday, January 31st. Morgan Stanley reiterated an overweight rating on shares of Invesco in a research report on Saturday, December 17th. Finally, Citigroup Inc lifted their price target on shares of Invesco to $33.00 in a research report on Wednesday, January 25th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $35.50.

Invesco (NYSE:IVZ) traded down 0.51% during mid-day trading on Wednesday, hitting $31.07. The company had a trading volume of 264,668 shares. Invesco has a one year low of $23.01 and a one year high of $33.46. The company has a market cap of $12.55 billion, a PE ratio of 15.08 and a beta of 1.82. The company’s 50 day moving average price is $31.67 and its 200-day moving average price is $31.02.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Thursday, January 26th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. Invesco had a net margin of 18.04% and a return on equity of 11.79%. The company earned $1.19 billion during the quarter, compared to the consensus estimate of $867.07 million. During the same period in the previous year, the business earned $0.58 earnings per share. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. Equities research analysts anticipate that Invesco will post $2.41 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Friday, March 3rd. Shareholders of record on Thursday, February 16th were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, February 14th. This represents a $1.12 dividend on an annualized basis and a yield of 3.59%. Invesco’s dividend payout ratio (DPR) is currently 54.63%.

Hedge funds have recently modified their holdings of the stock. Aviva PLC boosted its stake in shares of Invesco by 5.3% in the fourth quarter. Aviva PLC now owns 273,062 shares of the company’s stock worth $8,290,000 after buying an additional 13,852 shares during the period. ZWJ Investment Counsel Inc. boosted its stake in shares of Invesco by 4.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 614,539 shares of the company’s stock worth $18,646,000 after buying an additional 25,725 shares during the period. Highfields Capital Management LP purchased a new stake in shares of Invesco during the fourth quarter worth approximately $280,686,000. Intact Investment Management Inc. purchased a new stake in shares of Invesco during the fourth quarter worth approximately $1,156,000. Finally, Leuthold Group LLC purchased a new stake in shares of Invesco during the fourth quarter worth approximately $3,826,000. 80.85% of the stock is currently owned by institutional investors and hedge funds.

About Invesco

Invesco Ltd. (Invesco) is an independent global investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a diverse set of investment vehicles, to help clients achieve their investment objectives. It operates in the investment management segment.

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