Invesco Ltd. (IVZ) Given Consensus Recommendation of “Hold” by Brokerages
Invesco Ltd. (NYSE:IVZ) has earned a consensus rating of “Hold” from the sixteen research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $34.82.
IVZ has been the topic of several research analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $35.00 price target on shares of Invesco in a research note on Friday, July 27th. ValuEngine lowered shares of Invesco from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 2nd. Morgan Stanley cut their price target on shares of Invesco from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 2nd. Wells Fargo & Co cut their price target on shares of Invesco from $34.00 to $32.00 and set an “outperform” rating on the stock in a research note on Friday, July 13th. Finally, JPMorgan Chase & Co. set a $29.00 price objective on shares of Invesco and gave the stock a “buy” rating in a research report on Monday.
Shares of NYSE:IVZ opened at $23.06 on Friday. Invesco has a 12 month low of $22.82 and a 12 month high of $38.43. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.87. The firm has a market cap of $9.44 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.94 and a beta of 1.65.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Thursday, August 16th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend was Wednesday, August 15th. Invesco’s payout ratio is currently 44.44%.
A number of institutional investors have recently modified their holdings of IVZ. Neuberger Berman Group LLC boosted its holdings in shares of Invesco by 3.4% in the first quarter. Neuberger Berman Group LLC now owns 56,944 shares of the asset manager’s stock valued at $1,823,000 after acquiring an additional 1,888 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Invesco by 3.0% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 71,521 shares of the asset manager’s stock valued at $2,289,000 after acquiring an additional 2,100 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in shares of Invesco by 2.2% in the second quarter. Xact Kapitalforvaltning AB now owns 97,871 shares of the asset manager’s stock valued at $2,599,000 after acquiring an additional 2,100 shares in the last quarter. HPM Partners LLC boosted its holdings in shares of Invesco by 4.7% in the second quarter. HPM Partners LLC now owns 46,858 shares of the asset manager’s stock valued at $1,245,000 after acquiring an additional 2,109 shares in the last quarter. Finally, First Interstate Bank boosted its holdings in shares of Invesco by 89.2% in the second quarter. First Interstate Bank now owns 4,500 shares of the asset manager’s stock valued at $120,000 after acquiring an additional 2,122 shares in the last quarter. 78.76% of the stock is currently owned by institutional investors.
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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