Invesco (NYSE:IVZ) Given New $19.50 Price Target at Keefe, Bruyette & Woods

by · The Cerbat Gem

Invesco (NYSE:IVZ – Free Report) had its price target lowered by Keefe, Bruyette & Woods from $21.00 to $19.50 in a report issued on Wednesday, Benzinga reports. The firm currently has an outperform rating on the asset manager’s stock.

Other equities analysts have also recently issued research reports about the company. StockNews.com raised Invesco from a sell rating to a hold rating in a report on Friday, January 19th. Morgan Stanley increased their price objective on Invesco from $15.00 to $17.00 and gave the company an equal weight rating in a research note on Friday, January 19th. UBS Group lifted their target price on shares of Invesco from $13.00 to $18.00 and gave the stock a neutral rating in a research note on Wednesday, January 10th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Invesco from $16.00 to $15.00 and set a hold rating on the stock in a research report on Wednesday, October 11th. Finally, Wells Fargo & Company cut their price objective on shares of Invesco from $19.00 to $16.00 in a report on Thursday, October 12th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $17.23.

Check Out Our Latest Stock Analysis on IVZ

Invesco Trading Up 0.1 %

Shares of IVZ stock opened at $16.21 on Wednesday. Invesco has a 1-year low of $12.48 and a 1-year high of $20.56. The company has a market cap of $7.29 billion, a price-to-earnings ratio of -21.91, a PEG ratio of 2.10 and a beta of 1.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 31.13 and a quick ratio of 5.10. The stock has a 50 day simple moving average of $16.35 and a 200-day simple moving average of $15.46.

Invesco (NYSE:IVZ – Get Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The asset manager reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a negative net margin of 1.70% and a positive return on equity of 7.19%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, equities research analysts expect that Invesco will post 1.67 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 4th. Shareholders of record on Friday, February 16th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.80 dividend on an annualized basis and a yield of 4.94%. Invesco’s payout ratio is currently -148.65%.

Institutional Investors Weigh In On Invesco

A number of institutional investors and hedge funds have recently made changes to their positions in IVZ. State Street Corp raised its holdings in shares of Invesco by 58.2% in the 3rd quarter. State Street Corp now owns 25,414,143 shares of the asset manager’s stock valued at $348,174,000 after buying an additional 9,345,810 shares during the period. Trian Fund Management L.P. lifted its position in shares of Invesco by 18.8% during the first quarter. Trian Fund Management L.P. now owns 54,034,034 shares of the asset manager’s stock worth $1,404,885,000 after purchasing an additional 8,560,175 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Invesco by 14.0% in the first quarter. Vanguard Group Inc. now owns 52,105,335 shares of the asset manager’s stock valued at $1,201,550,000 after purchasing an additional 6,384,917 shares during the period. Norges Bank acquired a new position in shares of Invesco in the fourth quarter valued at approximately $58,133,000. Finally, Fisher Asset Management LLC increased its stake in Invesco by 4,967.2% during the 2nd quarter. Fisher Asset Management LLC now owns 3,223,116 shares of the asset manager’s stock worth $54,180,000 after buying an additional 3,159,508 shares during the period. 66.27% of the stock is owned by hedge funds and other institutional investors.

About Invesco

(Get Free Report)

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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