Invesco’s (IVZ) Market Perform Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of Invesco (NYSE:IVZ) in a research note issued to investors on Wednesday, Benzinga reports. Keefe, Bruyette & Woods currently has a $17.00 target price on the asset manager’s stock, down from their previous target price of $19.00.

Other research analysts have also recently issued research reports about the company. TheStreet cut Invesco from a b- rating to a c rating in a report on Friday, February 23rd. StockNews.com upgraded Invesco from a sell rating to a hold rating in a research note on Friday, February 23rd. UBS Group reduced their price objective on Invesco from $18.00 to $17.00 and set a neutral rating on the stock in a research note on Monday, January 29th. Wells Fargo & Company reduced their price objective on Invesco from $20.00 to $19.00 and set an overweight rating on the stock in a research note on Wednesday, January 24th. Finally, TD Cowen assumed coverage on Invesco in a research note on Thursday, January 4th. They set an outperform rating and a $21.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $16.79.

Invesco Stock Performance

Shares of Invesco stock opened at $14.52 on Wednesday. Invesco has a twelve month low of $12.48 and a twelve month high of $18.71. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average price is $15.73 and its 200 day moving average price is $15.44.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Invesco had a negative net margin of 1.74% and a positive return on equity of 7.11%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business posted $0.38 EPS. Invesco’s revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts expect that Invesco will post 1.75 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.205 per share. The ex-dividend date is Monday, May 13th. This is a positive change from Invesco’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a dividend yield of 5.65%. Invesco’s dividend payout ratio is -106.67%.

Hedge Funds Weigh In On Invesco

Several institutional investors have recently made changes to their positions in the stock. Gables Capital Management Inc. boosted its position in shares of Invesco by 74.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock worth $29,000 after buying an additional 700 shares during the period. Jones Financial Companies Lllp boosted its stake in Invesco by 35.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,945 shares of the asset manager’s stock valued at $53,000 after purchasing an additional 766 shares in the last quarter. Alaska Permanent Fund Corp boosted its stake in Invesco by 0.5% during the 4th quarter. Alaska Permanent Fund Corp now owns 145,267 shares of the asset manager’s stock valued at $2,592,000 after purchasing an additional 767 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in Invesco by 4.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 20,127 shares of the asset manager’s stock valued at $292,000 after purchasing an additional 843 shares in the last quarter. Finally, MCF Advisors LLC boosted its stake in Invesco by 16.1% during the 4th quarter. MCF Advisors LLC now owns 6,182 shares of the asset manager’s stock valued at $110,000 after purchasing an additional 855 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

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.