Invesco Ltd. (NYSE:IVZ) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $18.52 and last traded at $18.72, with a volume of 354990 shares changing hands. The stock had previously closed at $19.53.

IVZ has been the subject of several research reports. Deutsche Bank reduced their price target on Invesco from $27.00 to $25.00 and set a “buy” rating for the company in a report on Friday, November 16th. JPMorgan Chase & Co. set a $29.00 price objective on Invesco and gave the company a “buy” rating in a research report on Monday, September 24th. Royal Bank of Canada restated a “buy” rating and set a $30.00 price objective on shares of Invesco in a research report on Friday, October 19th. Morgan Stanley lowered their price objective on Invesco from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 9th. Finally, Zacks Investment Research upgraded Invesco from a “sell” rating to a “hold” rating in a research report on Monday, September 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $28.91.

The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.82. The company has a market cap of $7.76 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 0.81 and a beta of 1.50.

Invesco (NYSE:IVZ) last released its earnings results on Thursday, October 18th. The asset manager reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. Invesco had a return on equity of 12.25% and a net margin of 21.66%. The firm had revenue of $966.90 million for the quarter, compared to analyst estimates of $972.49 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Equities research analysts predict that Invesco Ltd. will post 2.64 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Tuesday, November 13th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend was Friday, November 9th. Invesco’s payout ratio is 44.44%.

Large investors have recently added to or reduced their stakes in the business. Sun Life Financial INC lifted its stake in Invesco by 3,034.1% in the second quarter. Sun Life Financial INC now owns 4,137 shares of the asset manager’s stock valued at $110,000 after buying an additional 4,005 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Invesco by 80.6% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,689 shares of the asset manager’s stock valued at $130,000 after buying an additional 2,539 shares during the period. First Interstate Bank lifted its stake in Invesco by 66.7% in the third quarter. First Interstate Bank now owns 7,500 shares of the asset manager’s stock valued at $172,000 after buying an additional 3,000 shares during the period. Creative Financial Designs Inc. ADV acquired a new position in Invesco in the third quarter valued at about $173,000. Finally, Private Capital Group LLC lifted its stake in Invesco by 134.0% in the second quarter. Private Capital Group LLC now owns 7,080 shares of the asset manager’s stock valued at $188,000 after buying an additional 4,055 shares during the period. 79.96% of the stock is currently owned by hedge funds and other institutional investors.

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Invesco Company Profile (NYSE:IVZ)

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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