Invesco Ltd. (NYSE:IVZ) Stock Has Consensus Price Target of $32.04

Invesco Ltd. (NYSE:IVZ) has been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $32.62.

A number of research analysts have recently issued reports on the company. Evercore set a $35.00 price objective on Invesco in a research note on Monday, August 10th. Zacks Research cut shares of Invesco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Barclays upped their price objective on shares of Invesco from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Jefferies Financial Group upgraded shares of Invesco to a “hold” rating in a report on Tuesday, June 30th. Finally, Keefe, Bruyette & Woods assumed coverage on Invesco in a research note on Wednesday, September 9th. They issued an “outperform” rating and a $39.00 target price on the stock.

Insider Activity at Invesco

In other news, Director Andrew Tak Shing Lo sold 100,840 shares of Invesco stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $32.20, for a total transaction of $3,247,048.00. Following the sale, the director owned 812,477 shares of the company’s stock, valued at approximately $26,161,759.40. The trade was a 11.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Laura Dukes sold 31,075 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $33.16, for a total transaction of $1,030,447.00. Following the transaction, the chief financial officer owned 259,183 shares in the company, valued at $8,594,508.28. This represents a 10.71% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 222,540 shares of company stock valued at $7,227,167. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Invesco

Several hedge funds have recently made changes to their positions in IVZ. CX Institutional boosted its holdings in shares of Invesco by 5.3% during the 3rd quarter. CX Institutional now owns 17,228 shares of the asset manager’s stock valued at $520,000 after buying an additional 870 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Invesco by 6.4% in the 3rd quarter. Versant Capital Management Inc now owns 15,192 shares of the asset manager’s stock worth $458,000 after buying an additional 912 shares during the period. QRG Capital Management Inc. increased its stake in shares of Invesco by 5.1% in the 2nd quarter. QRG Capital Management Inc. now owns 141,453 shares of the asset manager’s stock worth $3,733,000 after acquiring an additional 6,825 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Invesco by 14.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,346 shares of the asset manager’s stock worth $273,000 after acquiring an additional 1,316 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Invesco by 45.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 58,792 shares of the asset manager’s stock valued at $1,552,000 after acquiring an additional 18,451 shares during the period. 66.09% of the stock is currently owned by institutional investors.

Invesco Trading Up 0.9%

Shares of IVZ opened at $30.69 on Thursday. Invesco has a fifty-two week low of $20.67 and a fifty-two week high of $33.66. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of -45.13, a PEG ratio of 0.45 and a beta of 1.65. The firm has a 50 day moving average price of $31.47 and a 200-day moving average price of $28.29. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS. As a group, equities research analysts forecast that Invesco will post 2.82 earnings per share for the current year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th were issued a $0.2150 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.86 annualized dividend and a yield of 2.8%. Invesco’s dividend payout ratio is -126.47%.

Invesco Company Profile

Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm that provides investment products and services to individuals, financial advisers, institutions and other clients. The company manages assets across public and private markets and serves clients through a range of investment strategies.

Its offerings include exchange-traded funds, mutual funds, separately managed accounts, institutional mandates and alternative investments. Invesco provides exposure to equities, fixed income, commodities, multi-asset strategies and other asset classes, with both actively managed and index-based investment solutions.

Headquartered in Atlanta, Georgia, Invesco serves clients across North America, Europe, Asia-Pacific and other international markets through offices and investment teams around the world.